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The new GOP led house has officially being sworn in.
-- long promised by the Republicans is this not one more federal dime to bail out struggling state is Indiana congressman Mike Pence -- message to the states and quoting now.
We've got to put our fiscal house in -- decent.
It's going to be essential -- leaders at the state level rolled -- -- -- make hard choices a book that fiscal health in order as well.
Former Clinton advisor Doug Schoen is here.
-- the house Republicans seem to be putting a line in the sand -- no cash bailout they do say.
We'll adjust federal mandates that'll help yeah but no cash when -- my goodness look I think it has to be done.
I mean I'm somebody who believes in social program supports them.
When you can afford them we can't afford.
And unless -- states.
Get serious hold the line on spending layoffs furloughs.
Even -- negotiating pension benefits Stuart it's unsustainable -- of those those cutbacks of all kinds of social programs and police and they are going to be draconian they are and I wish there were a way -- but I am not somebody.
Who supports it.
But I'm a fiscal realist and Stewart I don't see any alternative but I think that could be -- big crisis of 2000 financial crisis -- 2000 believable it's a crisis also for the Democratic Party.
Because most Democrats are much more committed to fiscal.
Stimulus and also social programs then perhaps might present -- that I would today.
They say that they set -- -- if if it's good for the states the -- and good for the federal government needs to make the take the same throughout the same thing at the federal level the difference as you can raise the debt ceiling.
When it as we're gonna do you can't do it at the -- you have to have a budget balanced budget every year but you know you're a Democrat and I -- but a fiscal realist and a practical man I also.
Participated in a process that produced.
A balanced budget in the mid ninety's something that a lot of Democrats actually did but this in this day and age balancing a state budget and China's enormous pain you to you all constituents the Democrat party is is really at risk at this point if you looked at Andrew Cuomo's speech yesterday.
He made it clear that we're gonna have to make tough sacrifices.
Here in New York.
Cuomo was a Democrat and a liberal Democrat but he's -- to reality too he's doing what's necessary.
Has to take have take on the -- -- -- laws cited how big.
Roll -- people like you playing in the Democrat party at the moment well not as big as I would like.
But increasingly this voice this message we'll have to be -- -- white.
Think it's -- down Ed.
A bad thing for the Democratic Party there's a lot of Democrats rather -- -- disappointed by what's happening.
I actually think that they would rejoice and know that their party's doing the right thing finally so they have something to back.
It is bad for those who -- progressives and those of us were -- -- believe that this is fiscal reality and Democrats would get more credibility across the board if they do exactly.
What you're describing -- we'll tell you what they actually do if there is a financial crisis in a state like California -- -- The wet when you hit that wall let's see what happens let's say don't show up let them back from.
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