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Fmr. U.S. Secretary of State Dr. Henry Kissinger on why the debt ceiling must be linked to spending cuts.
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But what what is your take on this secretary I was talking -- Paul Ryan going to be -- that interview and -- -- the house budget -- Who said well.
It is it just raising the debt ceiling -- the answer I would say no unless we raise the -- With the corresponding number of spending cuts in other words for every dollar -- -- senator Republican position is also.
An equal number of a dollar cuts and spending the administration says -- -- that he seemed to tell me.
That.
That's the only thing he would consider which seems to tell made the two sides -- still far apart.
We're not going to raise the debt ceiling on then what.
But.
Night saying.
I'm not a financial expert -- bid I don't comment on this specific measures.
I had to -- -- position of those who say they've been Andre -- -- Without some significant.
-- is -- through -- -- Spending.
But it should be done -- put let it hedge in any event to be significant enough to be -- signaled to the markets.
And -- it figment of our determination that we've recognized the problem.
And -- could come to a -- so from that point of view it to put those.
Who say that an -- of the -- keeping much -- big and something.
There's something significant.
What the definition of significant bids.
Did people more expert.
That I candidates done to put -- attempting.
Running would you say -- not an economic experts truth be told.
You won't harm your modest.
And and I think reality I think for everyone here and you don't have to be an economist says but digits but I think the world's out of money what the world is simply out of money.
And then and in the case of Greece or Portugal potentially Italy.
And -- -- other problem -- Go to the reality is hitting the notes -- too much depends.
On the United States put up about actions.
-- put -- over grim economy at home.
And for our competitive position in the -- the moment.
Losing that we're losing are you worried that what the reason why the dollar's been selling off the reason why.
Investors.
Seem to be seeking out other markets other havens.
Is that they've lost confidence in us.
That's the essence of the -- so then what happens if we're not the global economic leader -- and what we shouldn't do it through.
Get to that Poland until -- think it happens.
It is approaching.
It Cohen -- We have a vote of confidence could've could've.
But.
Greeks have time to act but we don't if you -- And do we need to show no good admitted to meant to make -- today hope.
Did indeed ended have been done on -- bipartisan -- infected had to be done on the but by the conventional.
Because the pain has depreciated.
In any and if they.
And if they amendment.
I'm I had.
All the presidential candidates -- the ones that.
Murder will run on this show and Ron Paul was -- the other day.
And he was saying.
Maybe the United States problems may be right to your expertise secretary.
Is.
Thorny.
We give billions away in the scheme of things it might be a small percentage of money spent.
But.
We get very little before and and that he would stop it if he became president because he was Morales thanked.
Look at the uprisings in the Middle East look at how bad a lot of our friends look right now if this is what money.
And influence bonds.
-- -- -- But no money buys.
What -- what do you make of.
I think that take today.
And in 15124.
We have to.
Understand the relationship between economic aid and the political structure of the move -- we should not conclude mechanically keep repeat duty speeding.
Could -- -- that we've made over the years because we've phone.
Into the pattern of doing it so that they can review of quoted and photo made it religion a political objective.
If you -- Protecting coordinated and making it the key issue.
Seems to me to have decayed.
Too much to -- -- did -- petition.
Recruited back for again.
Into economy -- contributed today.
Japanese central element -- -- ability.
To see what might happen.
But you have people who don't like us who know how the game is played right so so they look at that say well we just suck up.
The United States and if we tell -- we -- liked him and and and support them.
I don't legacy -- Recognize should never have been the key issue to -- -- -- Beat out of country and we have national interest.
So if other countries have better -- -- we can go up we took cooperated.
And -- that contribute to it if quoted -- can contribute to that we should do it.
But you liking have to imagine making that it's not to keep perception of national interest and -- But current secretary -- when the kind of -- stick around.
For up to do that it was reluctant seed implants on secretary.
