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Short-term Solution or Going for ‘Bigness’?

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    With deadline looming, parties struggle to settle on a debt solution

  • Duration 5:20
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This transcript is automatically generated

First I wanted to say hello to Joseph Trippi who is a Fox News Channel.

Contributor and a longtime democratic strategist and we're so glad you joined us here on foxnews.com live -- -- to be rated good to see you.

First I want to get your take on these negotiations down in DC over the debt ceiling we know that.

The president is getting set to meet -- Nancy Pelosi later on this morning there have been secret.

Meetings between the president and John Boehner what is really going on behind the scenes do you think.

-- behind the scenes are trying to cut the deal -- you what's happening is.

Is out in the open.

You're seeing a lot of posturing and I think that's sort of messing it all up and I don't know they can if they can reach a deal or not we'll see that.

I'm sort of reluctant I -- -- the president's putting social security and Medicare are on the table you're gonna see a lot of Democrats who lost seats in.

2010.

You know wondering whether they're reading you know and be walking the plank left that left out on on issues that they care about say it we both sides -- got the same problem with Bachmann and in Tea Party saying no taxes no matter what so I mean you got.

Two leaders heard the leadership -- trying to come to terms and -- for their part both parties saying having problems with they're trying to accomplish.

And it's an interesting piece in the New York Times on the times web site today that basically says that.

That it's it's those on the far left and the far right who really could be.

You know just completely ignored in this process as both the president and John Boehner make political calculations that.

They really only have to worry about the middle right now.

What I mean that's what's going on -- but it did not feeling was there a lot of incumbents of both parties there after there -- worried about being primary or having other for other problems that come out of this that particularly I think on in the Republican Party.

Though I you know if you vote for something has a tax increase on it.

They're they've gotten here warning that they could be primary so you community.

It's it's really a question.

-- -- they kick the can down the road again somehow get some kind of deal that pushes this and I know the president says he doesn't want that short term deal but I mean it may end up being that we get a short term deal.

That kind of -- is that the can down the road past the election and then and then you get to the real meat of what the cuts in -- and revenue are it's going to be very difficult to do.

Either or I mean you know it's not gonna be.

You know you can't do with all tax increases -- -- you -- -- -- So what do you what do you make of of the White House spokesman saying and that they're going for -- You know it doesn't sound like they're talking about kicking the can down the road it sounds like at least.

You know that the public face of this is -- we want to take advantage of what we see as an historic opportunity for significant change.

Well it may be easier to do bigness but I hit it once since mean there -- a lot -- you can do over a longer period in you can get the bigger numbers.

And the other side is -- both parties.

-- -- -- you've got -- of both parties do it I mean that's the problem of both parties went along with.

Being everybody's in jeopardy -- they've cut something -- done done something very I don't I just don't know that there's a political -- -- To do it needs to be to be done all he can't frankly both sides legitimately disagree about what needs to be you know you -- that's the the real I mean.

-- you know I know we all talk about political posturing.

But the fact is Democrats don't think he should console security -- period.

What you you know why raise it.

That's will go I mean I think that's an interesting -- that is gonna create friction.

We've faced them.

Based Democrats.

-- requesting that it would the president this exactly the same thing if -- starts to entertain any kind of tax increase they're gonna be.

Republicans in the base questioning.

What's he doing and in so when you had -- you don't do it if you're trying to get to some kind of compromise.

It's hard win.

You've got elements of these parties that are basically.

No compromise -- -- and frankly I'm one of -- on Social Security Social Security didn't create.

The deficit.

Shouldn't be.

Part of the deficit you know of bailing out the deficit mean there are elements that the camp but that's not a program right I think that should be part of it.

I you and I also think neither party because they're so locked and they're orthodox these.

Are looking at real things that you could do like tax credits.

Two to rebuild our country schools you can build and rebuild all all of them put all the people in the building trades and and construction workers are out of work right now because of of the housing crisis.

That those people would all be employed.

Because of private sector tax credits.

-- agreements and that by the way Virginia is -- this Howard Dean likewise.

Former boss in the presidential campaign 2004 did did a program like that -- there I mean.

But we're -- there are things you could do.

That would actually spur jobs and help create.

Tax revenue etc.

and get this and get the economy moving again and get us how the deficit but I don't seem good but we hear -- -- -- -- Medicare -- Social Security vs no taxes it's hard to see how they get to some agreement.

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