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Sen. Mary Landrieu on debt ceiling deal, the economy being held 'hostage' and selling the agreement
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Minnesota the I want to democratic senator Mary Landrieu -- -- satisfied with the proposed deal and that I assume that -- like senators at Genesee all the details but from what you know tonight.
Yes you know he's like I'm not.
I haven't seen the details Greta but I'm leaning toward some voting for and I think it's very very important to avoid default.
It's not just tell the government hostage it's held every American every family in every business hostage and we need to get past this crisis I wanna commend.
The president Harry Reid and speaker Boehner for working up to the last -- wasn't pretty.
It was very tough I wish we would have more time as a senator from Alabama said.
What it has been -- by an eighty year old it is what it -- is what it -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Agreement with the house will be ready to move forward on the homeland appropriations bill.
I think it -- tonight that He talked about fair share tax breaks and deductions and then I looked at the PowerPoint presentation that we received and it says that there won't be any tax found.
Increases then -- a big we have big thing for the Democrats Republicans have been fighting about it problem our taxes going up for this or not to think.
Well I'm.
Understanding although I haven't seen the details the tax increases are on the table revenues are on the table and it's important that they -- because.
The income coming into the government is of the lowest level since World War II -- people that pay high taxes.
Don't want to believe that but the fact of the matter is because there's so many loopholes.
In our tax code.
And because 300 according to the assets -- -- -- there are some companies Greta better paying 1% income tax 6% income tax.
And that's not fair.
And so I'm glad that tax increases are on the table or tax revenues are raising revenues -- that we can lower rates.
-- -- on middle class families and small businesses.
But that is on the table I understand defense cuts are on the table discretionary cuts are on the table but to solve this problem you've got to raise revenues and cut spending.
That's -- to Minnesota sequester carbon the other side the out what is that going to -- caddie and gift taxes on the -- does that seem to me like a rather significant -- for a number certainly the the freshman -- -- members of congress and Republicans.
He is that is that could be -- deal -- I think that's going to be very.
Tough for some members of the house but actually I think the president fought hard for a balanced approach.
Which is some defense cuts some discretionary cuts and some revenue increase its decision speaker Boehner apparently does -- -- -- -- called tonight said Dan preschoolers if we get a 98% of what we wanted to minority leaders on -- mean Nancy Pelosi the literally.
But 90% -- want to think this He -- that Republicans get -- percent of what they want I don't know until you see the details but what it seems like to me is that we've avoided the default so we're not gonna have a two step process we're gonna get through this for the next couple of you know 2.4.
Months which is important this election -- feel like I said it's not just past the election it's for two years we don't want to engage.
In this kind of holding the economy hostage every six months.
We can fight about closing the government we can fight about appropriations we most certainly shouldn't try to about holding the economy hostage intentionally Panamanian economy were -- -- I suspect this be less of a -- -- has been more revenues going into -- and I think people would feel more optimistic that that we're on the right -- But it tiniest too weak to be held hostage that lasted so objected to this fight over the best right now does that mean that the February -- nice stimulus bill has failed to -- -- economy is still -- two and a half years hasn't it hasn't worked as well it has not worked as well as we had hoped but it was.
Better than doing nothing and that's what I object to people that say we should -- I don't know exactly what because we cut taxes we put money in the pockets of every American.
We extended the tax cuts for some time to provide certainty.
And we stimulated the economy you can see us now put seven earnings and billion yes Internet you can see now is the state governments are cutting back teachers have been led off professors -- -- led off.
It's starting to weaken the economy in the states so government spending an appropriate times.
When you've got a depression is important to -- I'm I'm not totally convinced him -- -- look at all the indicators like the unemployment housing starts almost.
And I look at the -- is from -- I'm not convinced the stimulus bill has -- I -- people -- good intention.
But I actually think that it is it is fearless and I know the argument isn't -- we kind of lost more but -- -- -- -- convinced by that well the record maybe is not completely in but I I would I would you can always move to do something as opposed to nothing it was balance between tax cuts and additional spending and again.
We've got to be careful about pulling too much money out of this economy businesses need that certainty I'm glad the president avoided the default tonight well this is.
Thank you very much and of course and you take a look at the.
