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TiVo CEO Tom Rogers on how lawmakers can learn from CEOs to reach a deal on sequestration and reduce spending.
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-- out then the president and congressional leaders come up empty handed after their eleventh hour meeting today to avoid sequester.
Line finding how to cut 85 billion dollars critic -- -- got hard given that it's only about 2% of her three point six trillion dollar federal budget.
My next guest says he has both solution on how Washington.
It actually resolve our debt crisis used CEOs to mediate turning me -- -- fox -- This CEO of T doesn't look at CEOs -- -- That these give policy in Washington couldn't look at you know extra broad question almost anything and I'm not yeah.
It's the answer not -- anybody has the answer here but it certainly worth the try as you know a number of CEOs have come forward is part of a fix the debt effort.
Where for the first time a whole bunch of us have said we're not weighing in on one political side -- the other.
But we gotta come to a compromise here because we gotta come up with a fiscal plan and long term debt would it isn't all about compromise it's all about -- it's all about getting to a solution when you look at these guys it's like -- either had no negotiation trading or there.
Not trying to get a solution that's what it looks.
Well how I think both sides at this point feel that there's political benefit that they each get for having this fall apart not do when he thing.
And I do think that some will come of this either they'll be public outcry from the -- -- services or won't get to the continuing resolution issue and though.
The potential government shut down and that -- force a conversation is supposed to no discussion -- that going on now.
I think the question is once there is a discussion how do you make it constructive -- -- -- something that's gonna come from this.
And businesses often.
Go to a mediator when they yet get the into a depth of -- really tough argument or litigation.
And they look for a third party you're a few people to come in and sit down and say look here's our dispute -- you can help us work this out.
That's it was that they want to work it out -- you think they really get to that point.
Well I I think they will get to a point where it's clear that -- have to be resolved and I think both sides.
Have issues of giving to the other.
I think that the -- my children yeah it is just one of these things -- the political dynamic is such.
Particularly among house Republicans many of whom were relate -- who were elected I think to.
Put up position forward we're not giving anything here we're not gonna be the guys look to as giving as part of a process.
And I'm I'm not casting aspersions one side or another but I think that's a dynamic then there are realistically come forward with.
And if you have that kind of issue I think -- what CEOs could do is -- third parties where.
Concessions aren't being asked by the Democrats.
Or for that matter by the Republican CEOs are sitting there saying we need this for the country we need this for growth we need this for better employment we need this for.
Fixing a long term debt reduction situation and forget about what -- -- and the Democrats want forget what the Republicans want.
Here we are is guys who work through practical solutions to come up with growth strategies and this is what we need and try to sell -- to both talked.
The real thing that has to be done of course is serious entitlement reform -- people talk about agree and bargain a real solution.
But both sides have to want that I'm not sure anybody in Washington.
Really wants to sincerely reform entitlements or it's just -- -- very small group.
-- are you convinced that anyone really wants to do now.
Well I think nobody wants to turn around and be tagged as somebody who took away.
Medicare benefits seeking a thick hide from the blame of -- but they doing their hearts I -- I believe me everybody recognizes -- needs to be done I think everybody is worried about their respective political positions.
And I think both sides need somebody coming here.
And be the guys taking the heat giving both sides copper standing up for something that may not be the situation that either side -- rheostat.
And -- -- and and it and I and I do think you you could end up with a situation where.
We're taking advantage of the fact that CDOs generally.
Are not to be applauded for how they entered the political process they generally under the political process to.
Fund that a particular candidate they want to access to were lobby their particular industry cause.
Ward because there are CEOs and they have the megaphone and they can weigh in is idealized.
-- -- -- -- -- -- -- Lot of CEOs really want a better America I agree but I don't think that's often why they entered the political arena I think that fix the debt effort is a real indication of CEOs say look.
-- common for -- we got to fix this for the country.
And quite frankly while it's been a very public effort and is made some important points.
Obviously we're at the point where rat in it hasn't been that effective I think actually each side.
Picking a few CEOs to put in the room there to act as -- interest could give both sides cover and we could actually when we get to the point that the sides are gonna caulk and they will talk.
That we get to a much more practical set of solutions I it's like a great idea Tom Rogers CEO of Tivo thanks for coming -- thanks for having idea.
