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Thank you so much -- want to bring in democratic congressman rob Andrews of New Jersey right now congressman Andrews.
-- resolve some news to talk about -- understand that house is poised to vote on raising the debt ceiling next week.
This is going to be nearly a symbolic event that was an -- I think it's a very reckless symbolic event.
I think we should extend the debt ceiling.
I think it's a reality we're only gonna do that -- it's offset by significant spending cuts tonight I welcome that reality frankly.
But this doesn't appear it's going to pass.
And -- I really worry about the kerosene.
That that throws on the fire of worry and international financial markets I think it's a very reckless.
Thing to do to take a vote until really ready to pass this thing.
-- gonna have a vote next week it's not going to pass.
Then where -- we move from there because we have more oil daily comeback it's the first week of June -- -- default on our -- and August the clock is ticking we're getting closer and closer.
Will we have an agreement by August to avoid defaulting on debt whatever that means it's a completely different discussion.
I believe we will have such an agreement I just don't want want to wait till August 1 in look at the end of the day President Obama.
And senator Reid and speaker Boehner and I hope some others are gonna get in -- room and make a deal let's do that sooner rather than later.
-- every second that kicks off the clock -- that possibility of not extending it.
I think creates.
Instability in global markets it could mean higher mortgage rates higher car loan rates lots of unemployment lots of trouble.
For the United States on -- would see that happen.
Congress what we talk a lot about album if we're gonna be damaged if we don't actually raise debt ceiling the problem I have with this is it.
It's is managed centralized government economy we try and make sure we don't have any downside at all in the in the market we're gonna have to have downsides we're gonna have to say.
We can't afford this anymore.
And I think -- -- well I think they get if we can actually have a vote and say no we're not gonna raise debt ceiling because we can't keep on wasting money.
I think -- is a lot farther than pretending like we can somehow dance around this and keep on raising the ceiling.
Sooner or later we had not.
We need to do two things.
We need to stop borrowing this much money and wean ourselves from -- money altogether.
And we do extend the right to borrow money so we can keep afloat to only do one of those things which is what.
House leadership's talking about doing next week I think is incredibly risky.
Incredibly unwise and incredibly unwelcome let's come to an agreement.
And put a bill on the floor the both Republicans and Democrats can vote for I'll vote for it.
And that the president can sign.
Congressman Dennis -- here when you hear a figure like that that forty or 50% of Americans and at the bottom of part of the compensation -- Don't pay any federal income taxes at all.
Is that a good thing or a bad thing does that make you happy -- I feel like if you're a resident of this country you ought to be paying a thousand dollars a year to be allowed to live here at the -- It's -- well Dennis I think it's an incomplete thing because.
Most people the bottom and -- paying a lot more than a thousand dollars a year to live here in social security and Medicare taxes.
Somebody making 30000 dollars a year in wages.
Is paying about 242500.
Dollars a year and spike attacks so you wanted to go to.
No I don't I I think that that's a very reasonable contribution I would want to change that so so what I would say is that.
Let's not just tell the story of the income tax.
Let's tell the story the spike attacks.
The excise taxes the state and local property taxes people pay and reality is that.
That's 30000 dollar your family's -- and a lot of money in taxes to a lot of levels of government.
Part of the discussion certainly has to be Medicaid and Ed Social Security reform.
It seems to me that -- -- trying to jam too much here into a short period of time.
And -- I mean maybe they do that we use the debt ceiling as an excuse to say we need to fix this and fix it right now.
We have huge issues that need to be fixed and it seems to me like we're trying to GM and all -- -- in here before August 1 do you agree with that.
I don't agree -- that I think we've had thirty years to talk about this problem.
Not gonna fix the whole thing in thirty days but I think.
Putting it off is.
A lot more risky than making decisions right now when they need to be made I say.
Let's make some decisions that would be politically difficult and unpopular let's make them.
And come to grips of this problem.
All right Democrat representative Bob Bob and his New Jersey thank he's.
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