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Treasury Secretary Tim Geithner says Republican leaders -- privately told him that they won't mucking around with the debt ceiling.
Well of the White House knows that -- all the tough talk on spending cuts from speaker John Boehner just for show.
Here to discuss or my freedom fighters Fox Business contributor and my colleague Charles Payne.
Democratic strategist Sasha burns and America's Future Foundation chairman.
Camille Foster commute to -- first would you be surprised -- John Boehner.
Caved on this and I don't necessarily mean it's a reflection on Boehner it's reflection I think on the quality of political leadership today.
Sure no I wouldn't be surprised.
All on Boehner is is all about compromise and and that.
We saw on the budget deal and this 38 billion dollar.
Cut package that turned out to be largely papers.
-- originally they said it was worth a hundred million initially a 100000000000 and 38 billion and then we find -- it's it's somewhere in the teens.
I wouldn't be shocked at all to see this come out of come -- -- -- -- -- dialogue here on the debt ceiling without much for folks to be there.
-- -- the Republicans have a huge numerical majority in the House of Representatives if they can't stick to their guns and something as basic and fundamental and in terrible two Republican believes.
As the debt ceiling now will the electorate ever trust them with control of one of the houses of congress again.
In the near future.
You know I don't I don't think so I really don't that November elections this was really should have been empowered them you saw the gavel that have good bad right right do you think.
Yeah like ours -- he's -- I think it -- and -- like made -- -- glass in the bottom line by -- and I think they're really afraid I think their freight.
They -- back to the Newt Newt Gingrich revolution and how quickly that fizzled.
And then after George Bush was reelected by something of a landslide how quickly his popularity fizzled.
I think they're afraid even though they were handed this incredible mandate that terminated the -- it.
Sasha would Democrats think about this -- they sort of like this back and forth between sound money libertarian.
Republicans in the house and the -- government establishment Republicans in the house -- they enjoy.
This banter back and forth -- wing.
I hate to say this but I feel -- my -- the president will probably get his way anyway and they will vote to let him borrow more money.
Which -- -- let's elect Republicans snatching defeat from the -- doesn't victory.
They're fighting each other than as much time or inclination to fight us.
But -- or political hat for a moment and let's say they came to you even though you're not among them would you advice them as Charles -- as Camille -- as I've been.
A yelling about for months now to stick to their guns if -- against spending and borrowing just say -- the president know you have the votes to do it.
Let the political chips fall where they make would you give them such -- advice if you wanted them to get reelected.
If I want to -- them to get reelected.
It depends because you were talking about the Republican caucus but.
They'll pop in caucus didn't get a mandate the Tea Party group.
You could argue did but they're very different of what that what it GOP -- with the leadership watts is not necessarily the same as the tape -- But this very interest -- -- this is right up right right up your Alley is there this kind of a divide amongst Republicans.
In Washington are our Scott Garrett was here just a few minutes ago and Ron Paul.
From John Boehner as Harry Reid and Dick Durbin.
In a lot of respects they are in a lot of respects they are these these incumbent policy makers who've been there for a long time these establishment.
Politicians -- interest in keeping their jobs and they don't -- -- be -- branded extremists by taking the sorts of the steps that Paul Ryan.
And Rand Paul than Ron Paul are taking and really standing out on these issues.
It -- -- -- Gingrich is this what we said -- topics should should bring her get more like the hammer.
Like -- like Tom DeLay should be just be tough and firm and demand things or or or the times different now.
I think you should I think he's been psyched out this on those who have compromised.
In daytime I think he should take really a tough tough tact right now all right switching.
-- the 1973 war powers act.
Enacted by the congress over president Nixon's veto says of the president fails to get Congress's authorization sixty days.
After starting military action than the mission must -- within the next thirty days today.
Is the sixtieth day of US military action and -- -- And this deadline means the president could be on the verge of breaking the law what do you think you really gonna get a report from the president after sixty days this is one that -- -- -- the Democrats as well.
Sasha about what he's doing there and what he's gonna come home or take an act like -- -- does exist.
He only sent a memo to get this war started -- and let's not get this confused this is -- -- it's not -- Connecticut military action -- police -- -- -- war.
And the president it's really amazing to see a president who ought to know the constitution -- -- does -- the constitution.
Completely completely -- abdicated his responsibility.
-- to to get a mandate.
-- cost Sasha congressman Charles Rangel was on the show an ardent opponent of the war in Libya.
-- pro opponent of the of the constitutional prerogatives of the congress to declare war and not the president so I said to him -- -- Charlie congressman Rangel why is in the congress doing anything about it.
Aren't the Democrats still anything about it and he says to me we like the president we also like the other things that the president does and everybody hates Qaddafi.
This kind of rational argument to make in the face of president starting wars on their -- that the president is likable and the target of the war is hateful.
I have well.
I think hidden in the in year intellectual honesty in terms of whether or not I agree.
And what you think of how everything should be constitutional but it doesn't make sense in terms of politically absolutely makes cents in the reason.
That Democrats had get a pass on it it because Republicans up here.
-- -- you don't hear them calling but what some of them are saying that it should be but has Boehner said we're we're in recess we're not here to vote on.
Charles does Wall Street like war coming to think carefully -- and declared wars and they just want to sell things to the government.
War's been typically really good for Wall Street back and you look that would shock and all began in March 2003 you start to buy -- -- you had a nice for five year rally from there just as war encourage investment.
But an impasse that has because of a patriotic thing we -- buy war bonds and then there was always a demand for materials metals and things like that.
I'm not sure why -- its work recently but it has worked even though I don't see the same economic correlations as WW two.
Can you debunk the argument that war is good for prosperity that somehow the idea blowing things up excess wealthier -- we'll I think for any American that that -- thinking about putting gas in their tanker earning higher wage should be.
Pretty obvious that building bombs and dropping them on people and northern Africa.
It's certainly not gonna make any of us more well off getting back to my Bailiwick is the congress as much deploying New -- the president.
Because if the congress doesn't do anything about this doesn't put the president's feet to the fire.
This president may do it again and future presidents may look on this period in our history.
As an actual legal precedent empowering them to do some early in the future.
If the congress doesn't put any pressure on the president nor the American people.
Who don't really seem to be all that engaged and it because in fairness we have other issues to worry about -- The economy and job there's that lag the argument if anything if their feet it the president has been put to the fire than that -- -- -- -- A fifteen seconds your other congress better watch out -- powers are being usurped -- over the rights of states and I don't know why they don't wake up and smell of coffee that's the real -- god and god can help Foster Sasha burns Charles -- always a pleasure thank you for joining us guy.