House Setback Puts Debt Compromise in Danger

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All right they do is on Capitol Hill right now we are awaiting -- house GOP.

Meeting the members are going to get together at the top of the hour.

But -- has together after a very rough night last night so let's go now over to the senate side and take a look at this where South Carolina senator Lindsey Graham.

Sat down with Greta last night on the record and and here was his take on all of this listen to -- yes.

So here's what we haven't done we haven't taken the case.

To the American people we've had behind the scene negotiations that ended in -- is looking around -- August 2 deadline less -- some time.

To construct the balanced budget amendment -- cut and cap program can take it to the American people and see if some of our democratic colleagues will acknowledge.

That if we raise the debt ceiling without addressing how we in -- we're gonna become Greece.

Out of -- Please those are the words from a Lindsey Graham let's bring in Arizona senator minority whip Jon Kyl a Republican.

Who is in on the earlier negotiations with the vice president over the White House senator Kyl always good to have you -- good morning sir thank you Margaret.

You know.

Lindsey Graham was very interesting last night -- He was talking to -- -- and I'm curious what your thoughts on.

He's basically saying you know if we don't we need to put something in this deal whatever deal we get it have to say that contingent upon it.

Is addressing the balanced budget amendment and taking it to the states and seeing if the states warning would indeed agree.

To some kind of -- budget amendment.

As part of this deal.

What say you -- Well first -- my colleague Lindsey Graham is always interesting and secondly I don't -- at all with his desire to get a balanced budget amendment passed.

And the need for the American people to express their will to members of congress about it they overwhelmingly support a balanced budget amendment.

The problem is that my democratic colleagues here in the House of Representatives.

Say no to a balanced budget amendment.

And we have a deadline approaching -- Tuesday so I'm just not sure how realistic.

It is to demand of our democratic colleagues that they change their position on the balanced budget amendment.

Over the next couple of days as Lindsey Graham said it may take awhile for American public opinion persuade them to support a balanced budget amendment.

Yet but you know it it feels like the feeling is from conservatives.

That if you don't get something that is baked into whatever compromise we arrive at here.

That forces this discussion to happen you know within the next three months and Joseph mansion to talk about this earlier today as well.

That all will be lost basically for any gains at the Tea Party might have gotten in in terms of putting this.

Whole issue of this nation's debt crisis on the map and that basically it will be seen as a democratic victory.

And will pave the way for a presidential victory is -- This is why it's important for those.

Who have been supported by the Tea Party and I've had a lot of support from Tea Party folks back in Arizona.

To think realistically about where we are.

We can't dictate the result Republicans only control -- House of Representatives.

Twice now they passed something to the senate the senate has said no.

So the Democrats in the senate never having come up with a budget never having passed anything out of the senate have been in the position of saying no to every Republican idea.

The question is what can be crafted that senate Democrats will say yes to.

Because they are half of the legislative equation here and then you have the president in the White House also a Democrat so.

My Tea Party friends.

-- I'm sure appreciate this we have to keep reminding ourselves we don't control the government conservatives are not in charge.

And therefore we're not going to get exactly what we want we have to craft something that.

Leads us in the right direction and one thing about the bigger approaches.

That it does -- in a couple of ways forward even after achieving the immediate savings here.

It doesn't concede that the debt ceiling will be raised the whole -- through the next election it says that.

That's dependent both on.

And I think what they might have decided last night so we'll see is to add something about the balanced budget into that equation.

But if you add that the balanced budget amendment passed -- pass right before anything else happens that's probably averaged -- part in the democratic controlled senate.

-- you know curious I -- some are producers are.

Sort of had giving us indication from Capitol Hill this morning.

That and the creation of a plan C as was mentioned yesterday.

-- compromise deal that Harry Reid and John Boehner.

And Mitch McConnell can agree on is is no longer happening this morning it it is that your understanding -- You know but I think shaping up or are they falling apart as a question this morning.

Bill.

Read too much in two people talking -- not talking at a particular time of day.

There are always conversations going on and the media tend to put it into specific categories the talks occurred the talks are often so on.

It's not quite like this appeared Capitol Hill you bump into people in the hallway and so they have got an idea about this you talk for minute man you make a phone call to somebody.

Things up here happened differently than than in the sort of.

I wish the dead woman with senator of people think I'm -- interactive I wanna know what your take as you've been there along time this is seen -- retiring after this time.

It is your gut telling you this is different this time or are you feeling like there's -- -- deal and if so what's the time -- on when it's gonna happen.

My gut tells me that -- in a different position than we were even a week ago where I was very optimistic that we would avoid.

The August 2 problem.

I am less certain of that now because there seems to be absolute intransigence on the house Tuesday on the senate democrats' side.

Even before the -- bill is.

Totally written and passed over here they've said we're going to pose a no matter what it says that's that's that does not inspire confidence and -- -- read anything.

All right sir we thank you so much up for your experience on this issue and -- you know what -- senator Harry Reid.

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House Setback Puts Debt Compromise in Danger

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