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All right so how does this play out in Washington DC joining us now jury side executive Washington editor for the Wall Street Journal.
-- were one business day into the new year we got a few probably weeks and months until that debt limit vote comes down in DC.
But this is shaping up to be -- -- battle of the year that and health care.
Well I think it will be I think spending even more than health -- is the battle and it is tied into that debt ceiling.
I would think it we're not gonna get to the point where anybody seriously talk about defaulting on the debt ceiling that that -- will come in April may something along those lines.
I think they're going to be a lot of spending battles before then and probably suspending cuts that have been made.
Enough to satisfy the new members of the house the Tea Party members of the house to go ahead and vote for raising the debt -- -- -- say that because I think the first.
A trip wire in this battle over spending is gonna come on March 4 that's when the continuing resolution this catchall spending bill that congress passed last year.
To keep the government running through the first week of march expires.
That's when congress will have to pass another resolution to keep the government running I think that's an opportunity for house Republicans and probably for President Obama frankly.
To offer some spending cuts that will satisfy the it's at least temporarily -- -- at the end of the day the Republicans will go ahead and vote to raise that debt ceiling.
I do I do you heard speaker Boehner speaker to be each time Boehner will take -- take over as the as the top Republican in the top member of the house on Wednesday.
Talk about how that debt ceiling deadline needs to be treated the way adults were treated and what he's saying there is we can't play chicken with this particular exercise.
And I have talked to some rather Republican leaders to acknowledge that this is going to be difficult within their caucus among the freshman who many -- -- campaigned against specifically against raising the debt ceiling.
But I think they believe they can talk them into into going along with that as long as there is a path -- spending reduction.
That's been laid out before we get to that point that's going to be the key but I think that can happen because you probably heard Michelle Bachmann over the weekend on some of the Sunday talk shows say hey my constituents are not in favor of this.
Then yet Austan Goolsbee of the White House say.
This is basically insanity.
That we would not consider doing it how the Republicans -- to their constituents.
That they've got to vote for the increase in the debt ceiling but yet they are serious about cutting spending.
Well I think you have to you have to sort of -- some of that some of the things that people are -- -- I -- against without raising the debt -- period I think that's the wrong thing to do.
Others -- take -- more and taken a more nuanced line that sounds the same is not really the same a lot of the Republicans.
New and old have said I'm going to be against raising the debt -- unless we have taken steps before hand.
To cut spending and that's what I think is going to happen here I think they have to be satisfied that those steps are real.
But if those steps are real in their eyes and think many of those people who are now against the will turn around -- vote for raising the debt ceiling.
I think one thing to watch for Brian is that I think President Obama is actually gonna try to get out front on this train.
Before the house Republicans can even get there I think he's gonna offer some spending cuts.
In his State of the Union Address and then there's going to be a question of one -- the president and I think that's going to start to set the tone for the year.
Which is going to be a town that says they're really will be spending cuts in Washington in 2011.
Really for sure this time we mean it the president does that does he risk further alienating sort of the far left of his base or is he already done that.
Well he does risk alienating them further -- unhappy right now but -- he talked to people in the White House they say essentially.
We got -- we heard the message we understand that there's going to be spending cuts.
This year we're gonna have to bake our -- spending cuts if we wanted to be be in this ball game and so we're gonna start by saying.
Here's where we would cut spending you wanna do this or not and and then to essentially call the bluff of the Republicans that's just gonna start the process tonight I think that -- -- in the real.
-- -- as -- said -- to make those cuts look real to skeptical house Republicans.
I think that can probably be done if not I think that that that the Republican leadership -- a real problem on its hands because it does not want to be seen.
As the house leadership that allowed the country to default on its debt that's not a good thing in anybody's eyes really.
-- remember those two bipartisan deficit reduction recommendations that came out a couple months ago they got a lot of attention.
What happened to them what what what they did it.
Well on on the one hand they're dead on the other hand they're not dead you know I talked to Paul Ryan is the new incoming Republican chairman of the House Budget Committee he voted against the bipartisan.
Deficit reduction -- as are parts of but he really didn't like and he thought it shortchanged the need for -- a for real reductions in health spending.
But he also said to me that he's gonna take some of those proposals.
And we're committed his proposed budget that he's been introduced in the House Budget Committee this year.
Like white people the White House and we're gonna pick off some of those things were put -- those in our budget so.
I think the conversation has taken a -- but it's not ended and I think that's where this whole debate is gonna be this year this is going to be the year of the debate about spending cuts for real.
-- side of the Wall Street Journal that in DC Gerri always a pleasure thanks very much.
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