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Are awaiting a meeting of Republican senators this is very important on the status of this Tenet of debt deal and one of the people.
Who will be attending that meeting is our next -- Republican senator Mike Lee of Utah is a member senate -- Tea Party caucus.
As senator thanks for taking a few moments -- -- it's a busy day for you.
I certainly realize that that nothing is in stone as yet but the framework it is is known.
What's your opinion of this so far.
-- wanna say that I'm encouraged by the fact that we move the debate in a meaningful way in the last six months six months ago there are people in this town talking about.
The need for a new stimulus package.
Now we're talking about the need for a balanced budget amendment and the need to cut trillions of dollars in spending over the next ten years and I'm certainly happy about that.
I have said from the beginning since before He even took the oath of office that I will not support any effort to raise the debt limit until we pass a balanced budget amendment.
I'm glad that that.
Is a discussion that we're now happening.
It does not appear likely at this point that.
We will be able to pass a balanced budget amendment in time -- this round of debt limit increase to take place.
But I'm gonna continue pushing for that because I think.
It's absolutely essential that it was as we take gone long term debt we need to have a long term solution and the only way to achieve that long term solution is by amending the constitution.
-- -- it look at the balanced budget amendment is not a part of the vote on this deal.
Would you still vote in favor -- of it.
No no -- like it's a as I've said hasn't told Mike since that's just a deal break -- before even got here.
I will not support it because again we we don't have any business raising the debt limit taking on new debt to the tune of almost three trillion dollars in one fell swoop.
Debt that will be on our books for for more than a decade but.
Debt that will be assumed and money that was be spent within the next two years right it in less there -- a comparable long term solution.
And you can't have that with us simple statutory spending reforms because as we've seen in the past congress has a way of waving its way out of those steps -- reforms.
Well look I understand you.
That you want this balanced budget amendment to be -- part of the deal but Senator John McCain highly esteemed obviously in the party the nominee for president.
He said -- -- and I think He was talking about you and maybe a couple of others.
It's unfair it's bizarre and maybe some people who have only been in this body for six or seven months or so really believe that others know better.
And in fact in less than two hours ago senator He repeated that on the floor of the US senate his reason is this.
The balanced budget -- -- -- 67 votes in the US senate and a lot more thought and that debate.
Needs to take place.
And we can't do that now under severe deadline.
Are you telling me he's wrong about that.
Well what what I'm saying is that as I explain in my book the freedom agenda we cannot fix this problem.
Without permanent structural spending reform.
And look I I I like John McCain I consider my friend and colleague and I respect the fact that.
He has on many occasions taken positions.
That and -- at times isolated him from other members of his party.
And he's stood stuck by his guns.
Even when He disagrees with other people and I respect that and from time to time almost goes through that and what I'm saying is we need a permanent solution to a permanent problem.
The art of compromise is endemic in Washington DC it's the only thing that way anything can ever get done and you would appear to have gotten.
Three quarters of what your party was demanding the president initially wanted to debt ceiling.
We know cuts whatsoever He didn't get -- -- you prevailed on that any demanded.
Revenue increases as part of any dealings not gonna get back so you've won on that.
Shouldn't you consider that as part of the equation in voting yes for this tentative deal.
No because as you heard Neil Cavuto say just a few minutes ago.
Most of the cuts that are now being discussed -- cuts that would be made over a ten or fifteen year period.
Most of the actual cutting will take place.
Well a future congress is in power will have another congress sworn in January 4013.
Another one in January 2015 and January 2017 and so forth.
The only spending that we actually controlling this congress is spending that occurs between now and January 20 -- and it there's very little.
Cutting that's on the table right now to occur right now the only -- you mandate future cuts the only way you make sure that the perpetual deficit spending that we've been experiencing doesn't continue in perpetuity.
Is through a constitutional amendment.
Well now I -- you've been talking a lot about what people want.
I wonder if if perhaps your mistake and I wonder your party's actions have come a considerable political -- I looked at the recent CBS poll that found 71%.
Of your party's handling of these debt negotiations only 21% approved.
And that's about how.
Of the president's overall approval rating isn't it likely that you may win this debt battle but you're gonna lose the war of public opinion.
That no I think the exact opposite is going to happen look 75% at the American people want a balanced budget amendment.
I was elected.
Based on -- mandate and what happened in -- -- ten.
Is just afraid look for what's going to happen in -- -- Saying that remember senator -- -- that is that that numbers in isolation when that number is factored into a debt ceiling deal.
At number drops considerable.
-- to 66%.
66% of Americans when polled by CNN just about ten days ago.
Said they support the cut -- -- approach which is don't raise the debt limit.
Look without immediate cuts intermediate term statutory spending caps and a balanced budget amendment.
That are likely thank you very much for taking the time -- you get back to that meeting which apparently is imminent thank you so much thank you.
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