Also in this playlist...
This transcript is automatically generated
But yeah starting up -- new year with the guns blazing.
Instead of living and being near term -- increase in the government debt limit and Republicans will want in exchange.
-- leaders say they want big time spending cuts to make up for raising the ceiling joining us now congressman Charlie Rangel of new York and congressman does great to have you certainly did video well it looks like -- -- -- -- -- when you return to Washington in particular of the guards the debts daylight.
Yeah I think.
If what you say is true -- to Republicans and the guy who won the majority.
They don't negotiate with us as to who would -- -- votes -- increase in the debt ceiling they have to provide the leadership and doing it.
So maybe they'll have a problem with the tea bag those who don't believe that it happened debt ceiling and all but this movie interstate.
So they have to come to.
Us listen what.
Well the Tea Party people -- as as they're known are really an organization that is pushing to cut the spending and their voice was heard in the mid term elections.
What do you think should happen with the -- -- and obviously we're getting close to bumping our heads up against it this is a major issue the debt ceiling of course is the -- the amount.
Allowed by law.
To be borrowed to run this government and what happens if we if we don't -- -- and of course the Republicans are saying you want to extend it.
Enact some serious cuts are you ready to agreed that we must cut spending.
You traceable to say that the Tea Party is an organization I think is an overstatement.
A lot of people rare and blunt the the the the idea that they were disappointed -- governor.
The discipline that would incumbents.
And if -- out of -- and -- have -- chatted.
I -- I can understand it and certainly Democrats who looks understated.
So does that mean that they have public Republicans.
The second thing is that.
Know that they were in charge they set the house of represents its agenda.
And so if the debt ceiling that's fourteen trillion dollars.
They have become an offer -- a suggestion or government closest we can't borrow.
-- so it -- -- Democrats being introduced this is so we've got to continue to leadership know in this case that leadership has become.
Tea bag as well what -- -- -- swallow from the Republicans what would you agree with us are spending cuts are concerned to balance out raising the debt ceiling.
There's an assumption that it's a negotiation you're probably right.
But right now the responsible thing to do is to have a debt ceiling.
So that we can continue to ball.
If within the Republican bought by the DC no we -- I'll borrow they had a big problem.
So they got a a big majority.
But it's not a question us accepting it because we're not gonna have what value and the fact that we closed down.
But you now have -- a Tea Party caucus -- mean Michelle Bachmann is is the head of the Tea Party caucus I mean they're coming again.
And they are looking for change the Tea Party was a very strong part of the elections back in November and there's a few things -- -- looking for not just the debt ceiling.
-- some folks want to repeal the health care law.
Others want reform with regards to Social Security -- Cunningham with some very.
At this point popular notions to rein in spending in Washington it got a lot of folks behind him across the country.
First of all most all of them have no experience with legislative bodies that second you're right they -- They don't have experience in terms they have no clue about what the debt ceiling.
It means and the fact that the government collapse all they know is that they don't want any more -- puts out quite.
But the Tea Party is not a part of the Democratic Party they got to negotiate with the majority Republican Party.
And -- less than honest and say that I sympathize with the Republicans but they want.
And they have the responsibility.
To negotiate enough votes to make certain that our government doesn't close -- All right now some of that will have to deal once again with cutting spending.
If they want to cut defense and they want to although I haven't really seen this come out from either side.
Cutting the big entitlement programs Medicare and Social Security slowing down that rate of spending.
Would you vote for that in some form not.
It until they come up you -- you haven't -- it for me the -- If the Democrats -- the head I'm sitting on your program and I can't tell you where we -- -- cut I got a problem with you and they should have.
Now that they are the majority they are supposed to go by Hamas leadership comprehend so it would be senseless -- either say yes I'd vote for cut in defense I don't think we should be there in the first place.
But my vote won't be making that much -- -- -- It's your congressman there RD warning shots being thrown at congressman Boehner before he even begins his tenure that if he tries in anyway shape -- form repeal health care.
That you'll be shot down that seems to be the big battle that is looming.
In congress are you ready to have those discussions because their most likely gonna come off.
-- When 70% of the American people have health -- writes.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 2014.
Abby woods -- be covered.
He has been getting -- -- -- he will continue to get a flood tide until put people realize.
That they beneficiaries of this program you can't feel good today.
Politically about something that happened.
In 24 -- so the battle is not going to be with Democrats and Republicans they can't win that battle as they just think about -- noise why can't pay.
The president has a veto we do have a majority slim -- that might be in the senate.
So they want to just say no no no no they not -- this kid that while Democrats were rejected.
The Republicans and.
-- congressman put Republicans aside for a moment I wish we could a look at what have you and your thought right here and now.
You see different numbers for every dollar 33 dollars sixty we're spending we only happen dollar coming in to fund this government.
Do you understand.
As a congressman as a representative that it should just can't continue on that trajectory.
And it may hurt everybody to see the cuts but it's got to be done.
This no question about it.
And we have to decide now what the partisanship.
Is going to exceed patriotism and love five they should.
Because they're not going to be any -- if we continue to spend and to Bob Hope and lacked the -- case -- -- where would you cut.
Well I think you don't have to think about cutting if we were talking about reforming the the need the income tax system completely what about just -- -- What you don't have to go -- -- out billions of dollars that -- hidden and the president has said it.
Which you really giveaways and loopholes for the corporate structure weekend reduce corporate income tax from 35.
To below 25%.
We do that we should I guess so cut that corporate tax hurt right now by at least 10%.
We could -- but we have to close the loopholes we have to make certain that this is straight across the -- -- We can't even deep Greece in terms of the individual taxes.
If we all started out Brando wouldn't say nobody gets any preferential fun but you're open to some of the debt commission's recommendations is no question about it but I can tell until.
They have some people have elected that really don't understand that compromise is going to be -- -- Bible.
And just continue -- -- say no it's not gonna work for them or the congress.
What we hope you say yes to fox business and come back we need to perspective.
We had a little trouble some 2010 come back again at Atlanta.
I thought congress and try and Rodney Erica of course thank you very much content you're going to be with you thank you the stock market isn't a.
Filter by section