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-- says raising the debt ceiling without attaching any legally binding limits on government spending is pure stupidity.
Joining me now to talk about the budget battle and the debt ceiling battle.
And more in Washington DC Fox News senior judicial analyst -- freedom watch.
Judge Andrew McAuliffe common judgment decisions had to do is here you just heard.
-- -- the congressman Jeff Landrieu of Louisiana.
I mean he just said -- -- well in it's a game at such and so shall raise.
I could sense his frustration.
That he came to Washington along with -- a large group of other sound money oriented Republicans and these are those precious right.
And it was not to engage in political shenanigans and both sides to it I think that that vote last night in the House of Representatives was a political shenanigans market.
We we knew the outcome they said it wasn't finding they did after hours when -- when the market was closed.
Those people voted against the debt ceiling before they'll vote for it.
They they the sentiments.
Of that was this is an -- -- we're going to the president -- today voted.
Against it before they vote for because I think a lot of them will ultimately vote for I mean that's pretty subjective here even by judicial standard.
I'm I'm exercising my journalistic.
Observation or not my judicial ones are partly organized at the John.
-- -- Will cut a deal.
And answer that we he doesn't have to cool -- to do is vote no and then the president has to operate the government on the money that he collects and that'll be the greatest reflect arm.
Is since FDR.
I -- I really believe.
That if we have adults.
Are they're going to ultimately take over Washington DC it would be nice and we -- -- these people who have the jobs right now.
See if they can find maturity.
Because this fourteen point three trillion dollar debt -- If it can be accompanied and it's -- inquiries by commensurate.
Reductions in spending.
Significant and I'm -- trillions of dollars.
Would you not in fact be happy -- -- -- tell -- the problem of course no congress can bind a future congress so Barack Obama.
And the senate and the House of Representatives can agree today that in 2013.
They will look at -- -- and 92013.
They can spend all our if I met.
These -- -- have done well for buying themselves you're right but -- already what we have to do is find a way to make progress this is not a time.
For purist this is a time for pragmatist to understand that the way to get to their ideological goes.
Is to somehow start to manage what is an ineffective monstrosity of government.
This is it time to tame the federal beast the Republicans in my view will never be trusted again with thing with the numerical majority neither house of congress -- they don't do something now.
They have the power without a single democratic vote in the House of Representatives to simply say no the measure will never even make its way to the senate.
The president will be forced to operate the government with no borrowing he can do it numeric.
Pat Toomey -- demonstrated.
Pat Toomey has demonstrated in the senate a budget proposal that is rational and that is effective -- -- -- -- budget proposal that is not a debt ceiling proposal and that is an important distinction in the two.
You -- this debt ceiling issue.
We're playing right now as we watch 200 turning points in the Dow Jones about it that's a terrible today it is terrible.
We have so we've seen an economy for the past decade that has not been generating jobs and three future we have seen narrow narrow increases -- well.
We have not seen this economic system of -- the greatest free enterprise capitalist system.
And then both parties are culpable yes I know hardly understand -- it's about restoring prosperity in this country and restoring this great indicator of your restore prosperity -- working saving and investing and not by borrowing and not by running the government on money that you don't have.
The president wants -- -- 2.4 trillion.
To our debt in just the next year what what you want to end the year after that if we let him do this.
Hi my instructions.
If I were president would be absolutely.
Stop the nonsense.
What's the problem without.
The problem with that is right now you do not have a congress ready to -- -- you're right about that.
Number you're content -- -- -- -- well.
I think compromise intelligent pragmatic compromise makes great sense if you're cheating your objectives.
But it's one house of congress it's impossible.
It is utterly impossible we saw this scenario many five -- 96.
-- what we saw what should have been a very -- moment of promise.
With the contract with American Republican leadership and in the house turned into disaster because they.
Over overstated their own power political.
Right now the Republicans have the power to stop all borrowing in the future.
Congressman Landry and 86 others were sent there to do that if they cave on that -- never again be trusted.
When you call it -- hope you continue to talk about cave in us it is caving if they wanted and why because you there's you know I think the President Obama can offer them.
That would offset borrowing 2.4 trillion in a year.
Nothing the only thing -- that will save us is to stop them from borrowing.
One stopping from bar.
There's an impossibility we are out there -- fourteen point three trillion dollars there is no way to turn this government this quickly.
This is purely principal charge there is it's in the -- impossibility.
It's not an impossibility.
If we can wean ourselves off of why the love of debt but no one will have to markets can decide to park their cash somewhere other than in treasuries.
Other than what the government.
That's what we have to stop doing the governor I don't we have free enterprise capitalist guy I am worrying about a good a democratic constitutional republic.
We can't be making those kinds of decisions in the course of a thirty day period without a dictatorship for crying out loud if we and I don't want it anymore out of the house than I do out of the way it's not a dictatorship if the president has to go to the congress to change the law the congress has no.
-- the government on the money that you collect.
-- often find themselves.
Disappointment curious sometimes find themselves on the shows that they're good buddies go once voted solid well I -- I'm delighted to have this thing that we continue the discussion through a commercial break but we are going undercover.
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