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Debt Crisis: What's the Solution?

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    Sen. Joe Manchin on need for long-term plan

  • Duration 4:20
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-- -- dollar bills look pretty good right big news out of the White House today the president holding two meetings on the national debt in this morning he's meeting with senator Harry Reid.

Later he's gonna meet with minority leader Mitch McConnell the goal here is to hammer out some -- deal and debt reduction.

And the debt ceiling find some middle ground so we don't mean you know while expire credit line that we have for this country for more in this are joined by democratic senator Joseph mansion.

A West Virginia he's joining today's talk a little bit about this so.

-- senator nice to have you on thank you.

Nice to be here you said that you would not vote to raise the debt ceiling unless.

There is a long term solution that's -- first debt reduction the question -- -- today.

It is why is it worth it to you why is it worth it to say that when we're so close it to pushing through that debt ceiling and running out of credit.

Well the bottom line is this like Fran Moore for -- opinion -- -- -- later.

States have to work with and balanced budgets we have to -- within our means in this country.

And be serious about we have a very serious problems in.

Then Jan 1990 we were four point one trading day 20025.

Point nine fast forward to -- -- fourteen point three.

By 20/20 -- could be as much as 23 trillion.

Will be spending more on just the interest of the -- between twenty if we don't do something now so what's the hold up I think the holdup is basically they're afraid of saying well.

But I don't look at everything everybody -- -- both Democrats Republicans and I've said this.

We need to look at it are we collecting all the money that we should be collecting this country you have to raise taxes but are we collecting the money are we running government is efficiently.

Our people basically abuse fraud and waste in the system that are taking away from the services that are needed so security Medicare we don't need to scare.

The people dependent upon and had need for this but people that are abusing it shouldn't be giving it.

C talking -- you're looking everything and looking at things like that district server attacks could for example I believe we have that August 2 deadline looming where.

The treasury says -- -- past that point.

-- to either start cutting programs are gonna have to figure out a way to have the credit revolving now if that's the case.

Do you believe that that tax hikes it in some form should be on the table so that both sides can not reach the middle.

I don't believe in tax hikes and I was governor West Virginia -- first -- -- -- have to raise -- -- -- -- -- said.

Let me see if I run this place is a bit better before we do that he had a gun they had the compressor is as bad as I -- could use it every -- that I can tell you that.

But I said let me see if we can do -- little better job so we start looking getting our hands around what our priorities.

Most every fan -- is with priorities have what's good for them in a family.

This country needs to do the same states do it and -- based around your values and who we are how we were -- With that being said you've got your children you've got your seniors who get veterans.

Those -- your car always is that's the people -- the futures -- kids.

The seniors have given so much veterans and give -- the life we have -- so that's at least it does your priority as an iPod or -- with some of the other other components first of all on government you have about 10% attrition and state government I would assume that the federal about the same.

Do you need to replace 10% employs every year.

You not to lay anybody off for far anybody but you need to hire everybody keep grown government there's ways to get controls Jennings.

Do you believe the president will be a major factor in getting those controls are mentioning as he's taking both sides bringing them into the White House today -- -- -- and figure.

-- has to me that's where.

He's a leader he looks at all fifty states and makes these decisions and he asked to bring people together just can't be about West Virginia about California or New York it has to be about the entire.

Country but we all have something in contribute.

We've got to live within our means we've got to -- own load and people right now there's more people dependent.

In entitlement mentality than ever before in our country definitely change at a time that I would have turned out well about that -- you have to drop the marker sooner or later and say listen.

We got too many people that are let's say it's a person is claiming disability total disability only really totally disabled should we review those.

And are we taking care of the people in need about 55%.

Of -- seniors in West Virginia.

That's your only means of incomes have security why they want to be scared to death and threaten these are people in need that basically we should be helping and we can do that.

It seems -- -- better information.

Lisa better decisions we'll -- -- we we get some of that information more efficient more efficient more efficiencies and it's there.

It is there -- nice to have you -- captain back obviously -- -- earned through Washington West Virginia whatever I need to -- a regular surveys that John like.

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