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Exclusive: Boehner on Obama's Debt 'Threats'

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    Part 1: Speaker of the House on 'Special Report'

  • Duration 5:28
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We told you a moment ago today's debt ceiling talks of the White House and -- just a few moments ago.

From there to here joining me now to discuss today's developments where we are.

House speaker John Boehner thank you for coming -- streak of -- could be here all this was the longest meeting yet ended just minutes ago any progress what can you tell us about it.

Well I think the the big issue for work today it was.

Mr.

cantor and I.

Majority leader of the house.

Press -- -- president for you know words -- plan.

Always talked about a lot of possibilities.

When he and I had conversation for a couple of weeks.

We're never really seen the whole play and and what they're really willing to do.

You know -- the problems we have in two late last week in the culminated on Saturday when -- finally decided that working with -- probably wasn't working.

Is that they know they have some ideas but you never were quite put him on paper.

-- they talked about making substantive reforms.

In the entitlement programs but never could quite get there.

That in the fact is that they were continued to insist on -- raising taxes.

And so I think you start to the president put his plan on the table.

Let's let the American people's seat.

Just what the president is proposing -- -- and talk about some four trillion dollar deal.

Agreement.

Two substantively change.

The -- school situation near Washington without any facts today Senate Minority Leader Mitch McConnell put forward what he said was a last ditch proposal.

We just.

How do you view that proposed listen I understand -- is -- frustration we'll go we're all frustrated by where we are.

And make sure that pointed out that this was what his idea is that we can't get there.

-- none of us believe the way out of default on the full faith and credit of the United States government.

So I think of that idea and there are other ideas out there in terms of backup plans in case we can't come to an agreement doesn't that undercut U.

All not at all I think everybody believes there was there needs to be a backup plan if we are unable to come to an agreement everybody Mitch has done good work.

We'll senator Reid said he's open to senator McConnell plan.

So -- the White House says or the president says you know what I like senator McConnell plan and you can't get it through the house.

Isn't that isolating house Republicans.

Well.

Again this is a back up plan.

We all hope -- -- -- we've got to deal with us as responsible Americans.

Listen we've got -- A problem.

We'll current -- a spending problem in a debt problem.

And I believe that I think mr.

-- my majority leader I do believe that Mitch McConnell and Jon -- all share the same view.

-- we need the biggest spending cuts possible.

And making sure that -- no tax increases on the table why haven't house Republicans moved forward their own plan.

We have a number of our members who just don't believe.

That they should ever -- increase -- deficit.

And so are you gonna get anything through I think it's pretty clear.

That that there's more options.

A one option that -- our members are talking about and that is -- but the president.

And that is linking.

The increase in the debt ceiling to real enforcement mechanisms real budget mechanisms one of them being.

A balanced budget amendment of the constitution.

While most Americans believe that two of Washington's budget ought to be balanced every year there's been a big effort to to get a balanced budget amendment passed and -- -- It's more of those ideas.

Where that if you could get two thirds of the house for two thirds of the senate.

To support of our budget amendment it was certainly -- the way it for the kind of spending -- we we get now.

What is there a mechanism that you can Linksys something big like that down the road.

And trust that it's going to actually happen and it people lawmakers have been pointing to Ronald Reagan in his deal back in the eighties that won't turn out that -- Well that's what this.

This increase in the Datsyuk and would not -- the present.

Until a balanced budget amendment have been sent to the states that means that have have to pass the house by two -- and the senate by deserves.

Do you think do you believe the president when he said today that he cannot guarantee that Social Security checks how would go out August 3 without an extension.

I don't know what to -- And others.

The Treasury Secretary is going to have options.

In terms of who should be paid and who shouldn't.

And yes there are some jets -- have to be roll over.

But there's going to be money available.

-- on August the third.

And I think did so way too early to be making some types of of veiled threats like that do you think that threat and the possibility of letters going out to beneficiaries.

-- senator McConnell.

I do not believe that at all I just think that.

We don't want this to happen if we don't want Social Security recipients to have to wait a day well any longer for their checks.

But.

It really strikes the importance of what it is we're doing.

What we've made promises to ourselves of our kids and grandkids can afford.

I've said earlier I think this is the moment and this is the opportunity.

For us as Americans to tackle our long term fiscal issues you said today.

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