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Welcome to foxbusiness.com.
And we're here with -- potentially Republican of Texas the chairman of the house financial services committee we've been talking to him.
About housing reform on Fox Business but now we're -- -- shift over.
Talk about some other subjects including obamacare.
And the fiscal issues that the congress tackling up here.
-- thanks for staying with us on this trip so we have new and used today.
Obamacare and about the health care exchanges and the health care dot com website.
Its -- again.
And when I know it's not your committee of jurisdiction but that's the person doing this will be up here to talk to -- house energy and commerce committee on Wednesday.
What do you want to hear from her when she testifies.
All this might be nice to hear somebody in this administration take some responsibility we clearly don't hear the president.
There ought to be some accountability and this is something that is in the works only half years.
You know somewhere between 40600.
Expended on this you see it crashed in Burton.
They try to get it back up the crashes and balloons once again you know Peter this was supposed to be the easy part the pocket here.
You know if you can't get the website right what what are you getting it right here.
There's hardly dating -- I don't hear from somebody in the fifth district taxes tell me they've been cut back.
To below thirty hours that they CNET skyrocketing.
Health care premiums.
Small business people -- crying over fifty people but.
You know some of us have been saying this for for quite some time regrettably the only way to do the president's signature laws with his signature.
Clearly it's not ready for prime time -- at least they'll let you.
You have a number of prominent Democrats who are coming out in so we need to -- this audience it's not fair idea I'd like to repeal it but -- a beer and it ought to be fair it's not being applied fairly and it's not being applied competent.
Some of your colleagues did signed a letter saying that -- -- should resign.
Or be fired a party I don't know if you've signed but how do you feel about that.
Well I haven't been hearing against somebody needs to be held accountable.
It's the president is the one who hired her and ultimately -- does the president make that decision.
But I just think that this is coming emblematic.
Of the entire problem when you essentially nationalize.
16 of the federal com.
This is what's going to happen you have government control and ultimately what's going to happen.
It has to date today we get to the lives of millions.
Of Americans were being forced forced.
In -- to buy health insurance that you don't want.
At prices they can't forward on a web site that does not work that's what obamacare fortunes off.
House Republicans trying to delay or defund obamacare and as as.
Chairman Brian and chairman Murray from the senate tried to work out some kind budget deal two.
Keep the government funded after she January 15 but -- and race that's going get in February we'll see Republicans credit strategy again well again.
-- the American people deserve.
The facts and the facts are that probably 95%.
Of obamacare is what we call automatic spending entitlements and mandatory spending.
The only way he can be unbalanced with president's signature.
So I'm hoping that the president realize that she's gonna giving your long break.
People's losses in the large corporations give it to working.
Moms and working individuals as well and give -- one year.
Reprieve on the individual mandate that he's already.
I would hope.
That is the president sees this unfolds but -- regrettable.
-- for Republicans who again would like to work on patient centered health care.
Is that you know 95% of this we really can't touch this the president in this and decide to cooperate.
And I'm hopeful they'll listen and -- -- house Republicans made a listened to voices of the American people in at least delay this thing for a year.
How are you how do you feel about the prospects for a budget deal in general.
House Republicans and -- we've we've heard.
Kind of it chairman Ryan and -- -- majority leader Reid.
Talk down prospects.
Not even -- -- grand bargain what do you what do you think the the product it.
-- I kind of go through my congressional career with high hopes and low expectations.
So -- you know we have a lot of confidence in Eden chairman -- I've worked with some recovery.
It's part of the -- less than super super committee.
And found her to be professional.
And candid but ultimately.
Democrats were willing to do anything to address the drivers are unsustainable.
Debt which is spending.
Which is driven by entitlement program.
And that's the key challenge Peter -- we get quality retirement security quality health care price that does it tanked the economy bankrupt our children.
I didn't know Sheen movement among Democrats.
In the super committee.
Not terribly optimistic.
That we will soon.
But is there -- there -- talk about them and outline of some kind of deal that might.
Swap out some of the sequester cuts which.
But when -- Republicans who want to make -- -- that -- him defense spending side in exchange for perhaps of some.
Entitlement reforms may be modest but well does that that deal sent.
Peter it's a it's a possibility.
You'd have to actually look.
And see what is being offered here and to -- is a blunt tool.
And has been used.
In -- rather blunt fashion.
But on the other.
Given that America again has created -- yet for years nation's first time.
We got to do something about our unsustainable spending there's always somebody Washington Wall Street says -- -- -- -- more well.
Tomorrow will come Wednesday it will come in with a vengeance even the president -- give the president credit for certain drivers of our debt.
Medicare Medicaid health care nothing else comes close argument made for -- just give -- an F a for effort I would like to think.
The president what -- and Democrats.
To come into the negotiating table.
Obviously few weeks ago were quite interested.
We'll see if they're interested today but potentially potentially it could be -- Last question are we going to hear.
Another government shutdown -- the new year it is is that -- -- increased.
Well I believe that the debt ceiling should be increased but it hopefully it definitely help -- the opportunity.
To start addressing.
Our student driven dad you know they didn't haven't -- seen them recently didn't have one Detroit and I think in retrospect it would have been well served to have.
The gasoline -- -- -- -- to smoke alarm going off in here.
And you either -- you get turned off the alarm -- -- on the couch and watch TV -- you can actually -- find the source of the fire fight.
You know for what passes Peter for fiscal responsibility in this town.
-- it Gramm Rudman you budget control -- pago all of that was attached to a debt ceiling votes and yes.
The debt -- ought to be increased but only if -- if we take the opportunity.
To address what clearly everyone loses the system files.
Shutdown -- shut down.
Well watch and it was a partial temporary shut down to begin with -- house Republicans are first built properly funded.
On five point 6% with the president scored in the first place it is on -- Frankly for years I've champion piece of legislation.
That -- by congressman from Oklahoma.
That would make sure that we would have -- Also support Tom McClintock California has helped to make sure that we never never -- default on our sovereignty and those two things ought to be taken.
Off the table as we tried him she.
The future and try to negotiate.
Getting off the road salts are determined excellent thanks for joining us at foxbusiness.com.
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