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Lou Dobbs Takes on the Debt Debate

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    An inside look at the current debt debate standoff

  • Duration 5:41
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This transcript is automatically generated

Welcome back to foxnews.com live I'm Jonathan Hunt joining us in the studio now thank goodness to explain all of this debt crisis talk.

Is Lou Dobbs host of Lou Dobbs tonight only FBI and the Fox Business Network and if you don't get it as they say -- -- that.

-- -- And we seem to come to a grinding halt now and now we gonna get two competing plans which in my simplistic political brain neither of which is a chance of -- Well and the fact is it'll be one more plan that we've ever had before that means that Democrats are moving forward with a position.

And this'll be the first time think about this over three months period of time in which.

To bring forward a plan to be the first time if indeed they do us all we have is the report that they intend to do it off -- -- better that's where we have to us support the Republican.

You as well.

The fact as the Republicans have put forward a plan the Ryan plan.

They -- the president and speaker Boehner had the outline of an agreement.

The president without any question whatsoever.

Change the terms -- they would demand.

For a change in terms of -- -- was requests for change in terms it was an up on subtle.

The negotiations.

-- now we get these two plans speak of Maine -- plans festival which is one point two trillion in cuts immediately.

900 billion dollar debt ceiling increase followed by a congressional committee charged with the rest of the -- What do you make of that is it a workable plan it doesn't Harry Reid is already set its littlest piece of legislation is -- well.

That this is also.

This is what is out of -- current cap and trade.

Excuse -- cut capital balance.

The fact is that Harry Reid who is one of the principal authors of Obama -- itself.

This certainly in no position of suggesting things worse than map.

I mean that's a disastrous piece of legislation that's going to live in infamy.

For some time a legislative -- So I would take nothing that He says at face value -- a -- right I would take nothing that this White House is saying at face value and apparently speaker mayors made the same decision.

These are not mature and responsible.

Negotiations on the part of this White House or certainly with -- -- of Harry Reid.

Straightforward the election in 2010 said there will be spending constraint.

And this president came forward and Valentine's day of February fourteenth and said you know we're we're just been an extra trillion here.

I would be the biggest budget history had a different had it passed -- when the Ryan plan came forward under speaker -- Stewardship.

The White House decided to move forward.

What we have watched as -- White House that is being reactionary.

And I and I judgment to be utterly insincere and the president.

In -- -- in the words of Richard Richard Trumka the head of the AFL CIO absolutely -- There is no way in which speaker Boehner is going to or agree to increases and Marshall territory here in the discussion.

What ever happens is as a result of a speaker Boehner says it's the purview of this congress to write legislation.

It's whether the president wants to sign or not that's entirely history and -- Scott you would OC disagree with the president being absent engines leadership it and then -- sensible people I would say only sensible that are running as a hero.

I guess I -- -- around again I don't know I.

-- -- I try to not let up.

But I love that Republicans have but I think the president has risen above the fray is -- an earlier and fortunately -- just yeah.

Anybody out from the parties -- if that's pretty revolutions only -- in this negotiation for three weeks.

We had delegated to his vice president He has delegated to the congress.

And only now has He entered the -- I give the man no no credit whatsoever for being.

Are you on the discussion of the planning is an example of -- I would if Republican president has proposed that -- trillion cuts.

Cutting entitlement cuts -- more.

Giving -- type Medicare megabit if -- -- I don't have the -- eight you don't have tournament where it's going to be -- -- reasonable man -- -- So let's let's talk about res.

Larger four -- This is once there all its once there and where is that there -- isn't written.

Where is it.

Written -- nothing has been -- there's always -- I'm sorry so they have children it's called cut.

Cap and balance.

Somebody has been written it is the only -- we're -- -- that's and that's another output a balanced budget and would be catastrophic House of Representatives which is the originate.

All fiscal policy in this country.

Has put forward that legislation rejected tabled by the senate because the leader were not deal.

That the present -- United States -- put forward a plan in writing.

Because He wants -- as your describe it be about the Ferrari I think -- -- has no concept of what he's doing we have a president who appears at this moment.

To be egocentric.

Who appears to be.

-- local.

Beyond.

In my opinion.

Any question incompetent as a leader.

He is sitting here -- this country that He is described as being on the verge of default.

And He is heading to Denver for a -- Raza.

-- -- Meeting today really can't give you plenty of -- -- -- an integrated what is Colorado and a low light and amber did it look.

It's irresponsible public does not back and it was okay it would raise the debt ceiling and then we'll have a series -- today for playing quite look at it look at.

And already it is do you remember what happen on November 2 2010 Scott.

There -- an election yes the biggest loss for the Democrats in and almost a century.

Does that not make what they say listen -- let me get your name.

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