Rep. King: Obama Playing Political Games With Debt Crisis
Iowa congressman on proposed GOP bill, White House debt talks
- Duration 5:24
- Date Jul 13, 2011
Iowa congressman on proposed GOP bill, White House debt talks
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So where it date or right now of these debt talks at the White House and as of this moment feel pretty much -- stands -- And time is running out say that the self imposed deadline.
To raise America's debt ceiling is now eight is a way.
And both sides really seemed to be very far apart on this so where does this go from here congressman Steve -- joins us now from Capitol Hill.
Congressman welcome good to have you here today.
Thanks parts of Virginia.
What what is expected this -- -- meeting today.
Maybe a little more of the same -- be nice if we could break the impasse but.
Court battle over where they'll more than I guess a couple of weeks ago.
Before we get to that point of -- self imposed deadline of August 2 to Tim Geithner laid out for us I don't think that's a hard break time and I've long said that we have to get.
To -- to -- into brinksmanship.
Feel -- -- what -- out of people's foreheads and they really start to worry.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That -- you -- out Michelle Bachmann and others mr.
Olmert at today basically you're responding to this suggestion by the president last night.
This Social Security checks may not be in the mail in early August what what what is suggested we -- you hear about that.
Well I think the president's -- political games with us and he's trying to scare seniors and so the bill that we introduce this morning all the promises -- -- 2496.
And I'm -- my colleagues to sign on of the -- guarantees that the troops get paid first.
That -- never going to be a political pawn -- -- through they would not be held up as a reason to vote for a debt ceiling.
-- -- or anything else second thing it does it guarantees as Tom -- talking Pat -- have offered their their full faith and credit -- It will it will maintain and service the -- of the United States government.
That consumes right now together about fifteen point 2% of our current revenue stream without -- money.
We can do this we don't need to have the troops be victimized in -- political game and uses it on.
And we should not either let our full faith and credit go if they lose this leverage at the White House there's going to be a whole different kind of negotiations going on and were far better off in the long.
I'll let us a little bit about what's ground within the Republican Party you -- out that some criticism.
John Boehner who is in these meetings with President Obama trying to hammer something out you say -- -- looking at what happened in the CR.
That you -- not have your confidence in him is not bolstered.
That's a pretty strong criticism of the leader and a half.
-- I meant to be channel actually Martha and I hope it's taken out way.
But I think that reflects a lot of what the American people think too I mean we saw the CR the promise the pledge to America start out with a hundred billion dollars in cuts.
It became 61000000000.
And 38 half billion and then some number that's not very you know not very many people talk about at this point and I -- don't wanna send.
So watching that sequence go down but even you know people that were running the victory laps the first day or two after that are talking about anyway.
We need to be stronger we need -- -- hold -- me to get to a balanced budget.
And I -- the leverage that gets us there is something I'm trying to put in place and I want the speaker have the tools up.
A stubborn conservative constitutional -- in the United States House of Representatives.
That wants to get this job done so that the future of America isn't going to be the -- -- of these kind of negotiations every six months or a year and a half.
You know -- that the language that you're speaking right now as very much the language of the people who put so many Republican House members in office this is a tea party's strong sentiment.
You talk about bold action.
I talk about not backing gas and now is the question for you in your colleagues in all of this what are you going to do if there's a deal that is struck.
That is not to your liking.
You are you gonna go live with senator McConnell.
Of how something could be put together.
-- could that could prevent us from breaching this debt crisis or you folks get it -- your arms folded and say you know when active.
-- we know.
That if 218 house Republicans stand together and say no.
We want to send a balanced budget amendment to the states and let them ratify them balanced budget amendment.
We want to cut our deficit happen when -- camp are spending an 18% of GDP.
If we stand and say no then there's not going to be a debt ceiling increase of one good thing about this.
Even though some say -- one half of 13 of the government and the implication is we don't have much power.
We -- half of the majority in the house has to approve a 100% of the spending that's a tremendous amount of leverage and we should use.
So what -- what are your numbers you just -- and I mean how and how cohesive.
Is this group because it is what you're saying is a case where we're gonna -- we're gonna reach -- debt ceiling in eight days.
But I don't actually know the numbers of that it's really difficult to go around your account what was -- the through the whip team got soul killing all you can do is.
The people on the I talked to get a sense of where they are.
There's a there's a growing consensus that we have one historical opportunity.
To save this country from what could become a huge -- -- And if we don't hold the line now and we give the president a new piece of plastic credit card to pay the minimum balance on the previous one that he's gone past on eleven attack than we've we've missed this opportunity to see our was a missed opportunity I don't want to get seeming to be in this opportunity.
And by the way if you are obamacare -- on that thing -- part RV market.
Where will it got a lot of the plate there we're gonna see where this does congressman Steve King very -- saying.
-- a lot of opposition in the house by Republicans --