Senator Sessions Discusses Possible Debt Ceiling Compromise
GOP perspective on tentative deal
- Duration 4:00
- Date Jul 31, 2011
GOP perspective on tentative deal
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-- 43 Republican senators signed a letter outlining their objections to senate majority leader Harry Reid's proposed debt ceiling solution in it.
The senators asked -- to quote abandon this reckless proposal and instead pursue a more responsible course of action.
Joining me now one of the -- who signed that letter senator Jeff Sessions the ranking member of the Senate Budget Committee senator always good to see you thank you mention.
I what do you make of -- what we know about the contours of this latest deal.
-- you know it sounds like it's a two tiered approach and there would be commission involved -- committee involved a bipartisan committee.
If we take -- the tough decisions done now do you think the committee is gonna have and -- frank.
Well I do you think it's -- not a great.
Deal I think it's well below what I believe -- that that the country needs to do to reduce spending and bring on deficit on the control.
On weird looks like it best it would be three billion in May be really close attitude we'll have to look at the numbers as they come out and any kind of agreement.
But this country has got to change its debt course -- the debt not the agreement not the deal not the ceiling that's the problem that the ceiling -- lots.
That now we've got a problem that his surge we hit the limit of -- credit card sooner than people expected.
Now we've got to now figure how we can go forward in a way that strengthens the economy which is definitely week.
And I believe that the house members for example went from six trillion in cuts to agreeing to actually one trillion in cuts.
I'm just to try to get an agreement for short term period to get past this debt crisis.
And -- for months you have been very vocal in saying that you didn't think these negotiations should happen behind closed doors there should be hearings that should be an open process.
Do you think that's conducive to getting something done or do you think -- -- -- to go along quietly where people can negotiate.
Well and is negotiating.
Only a few people.
They'll -- of a select committee appointed by our leaders and people who -- -- -- leaders do what leaders site.
So it's just not the open.
Great process that the tremendously wonderful United States senate.
Should be participating in which had been talking about this all here we should started with a budget resolution.
Which the democratic majority refused to even pass a budget.
It's been two years now 800 following three days without a budget and the United States senate.
United States congress so we've got to do much much better and I think the American people in the last election.
Said we will hold you accountable members of congress we've allowed you to put this country and financial crisis too long.
We will see so we've had no votes we've had -- And I think that is sad.
Last this deal reportedly comes together when He gets to if -- if -- codified advocates and legislative form and it comes before you for a vote.
What is -- deal breaker for you is there anything you could not give a yes vote.
Well we'll have to see.
I know that.
Reduction in spending in the changes -- -- -- path.
I'm not going to be what we need because the president can veto it and he's threatened to veto the senate on can block it and they threatened to block it.
So you've got a friend something that police can pass the senate and the president won't they -- -- And so that's.
A tough thing because like a great government beast that's.
I'm -- it's finding his claws are out and -- defending the carcass that resources at the American people give to them and their ability to stand.
And it's hard to extract.
Spending cuts from this congress -- -- side.
Well it will probably take -- -- of the king Solomon to get this done but everybody is is counting on lawmakers on Capitol Hill we know it's a lot of hard work and now we thank you for taking a break at least when they -- run to vote.
-- thanks for making time for -- -- we hope.
We can do something it's important that we reach an agreement get this first step done that it has to be seen as only a first step.
Thank you so much for weighing -- today we appreciate it thank.