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I have great respect.
For each of you individually.
But collectively and I'm word you're gonna fail.
-- -- country.
Erskine Bowles co chair of the debt commission sounding the alarm but the congressional super committee will fail to meet its November 23 deadline.
To find one point two trillion dollars in deficit cuts.
Now 100 members of congress represented both parties calling for the super committee to go -- And -- the national debt by four trillion dollars joining us the congressman leading the group of 100.
North Carolina Democrat Heath Shuler.
And Idaho Republican Mike Simpson -- congressman welcome to FOX News Sunday -- good about it let's start with the letter.
That your group sixty Democrats forty Republicans sent to the super committee this week and here.
Is the key sentence.
To succeed all options for mandatory and discretionary spending and revenues.
Must be on the table -- cents an -- the Republican.
Will you support.
More revenues either from raising tax rates or cutting deductions closing loopholes as part of -- plan to cut the deficit.
You have to you can that the reality is you cannot get to four trillion dollars without including additional revenues and we might have different ideas about what those revenues would look like.
I think you could.
Get additional revenues by actually lowering the tax rates eliminating all of the exemptions underneath and that type of thing and I think you'd have an economic boom in this country and and the revenue would come into the federal government so more revenue is key to this.
But what but when you say -- it.
You would take some of the money from -- the little poles as the Bowles Simpson commission did.
And used that for deficit reduction you wouldn't make it revenue neutral -- some of -- would go to deficit reduction and asked him if you're going to get to four trillion dollars.
And everybody agrees that you've got to get to forge trillion dollars.
To stabilize our debt and started increasing -- right at before I bring in congressman Shuler two points Grover Norquist and -- with the which I'm sure you're familiar.
The -- of Americans for Tax Reform house -- pledge.
That you and all but six house Republicans -- sign.
To oppose any net increase in -- is exactly the opposite of what you just that and and I also -- apply what it's house speaker John Boehner said this week.
-- -- -- Our conference as opposed to tax rates because we believe the tax hikes will hurt our economy and put Americans out of work.
Question how many house Republicans do you think will follow you are willing to break their pledge.
And quite frankly put their political futures at risk to make this this deal well first of.
That's a sign that in 1998 and my first -- I didn't know I -- citing a marriage agreement -- -- that would last forever.
And I think the majority of members of congress understand.
That you have to have additional revenue if you look at the percentage of the GDP that comes into the government right now it's in about 14% fourteen to 15%.
Traditionally been 18% in that neighborhood so the revenue coming in -- the government has decreased as a percentage of GDP.
And the expenditures.
That used to be around 19%.
-- -- -- -- 25% we got to bring those closer together.
No -- that brings -- to congressman Shuler will use support.
Real cuts in entitlements that raising the eligibility age -- -- slowing the growth of benefits.
As part of the deal to cut the -- that and which looks -- the deal that the Simpson Bowles commission the presidential commission -- which was basically about three to one spending cuts to tax inquiries.
Think Bowles Simpson report -- Now it reflects the members of congress feel about the program but what the rest the world is looking at.
America to say are you gonna make these significant cuts.
And when it comes to entitlement to has to be on the table.
We cannot do this without entitlements we can't do we -- on the table but but I must say Mike sentiment further he said he would support -- -- -- -- absolutely in order to save these programs we have to make sure that they.
Have long more sustainable resources that they have but also get rid of the fraud and abuse has been in the program for quite some time.
Do you think that President Obama going around the country blaming -- do nothing congress and making it sound as -- what you need to do is get millionaires and billionaires to pay more in taxes -- -- that's constructive.
In bill setting the stage for a compromise are far too often we've seen how politics is played such an important role in Washington especially the closer we get to the -- presidential elections.
The most important thing we can do is both Democrats -- Republicans come together.
As -- and -- it another hundred members and adding every single day to that list.
Work together to make sure that our.
Debt and deficit spending that we've been having.
Over the last decade doesn't continue that we have a more sustainable path.
For our future and we put the next generation.
In a situation of they're having to pay everything every dollar that we borrow is a tax moment on the next generation answer my question directly do you think what.
The president is doing these days is constructive we're now well I think it's up it would be much more helpful if the focus was on.
What he can do and the support he can give the super committee the problem that you have is the politics if he supports a super committee he supports one way that pushes the -- our colleagues on the other side and the opposite direction so.
I think it once since it if peace in almost sidelines and allow that the members of congress the ranking -- members to continue to grow.
And -- numbers and support the super committee to do something big.
Four trillion plot summing -- and I would probably like to have more -- for the five or six trillion dollar mark and put everything on the table.
-- let's talk about because you both you have mentioned at the super committee's charges to come up with one.
Point two trillion dollars in deficit reduction by the day -- -- Thanksgiving.
But both of you would have talked repeatedly about four trump why isn't one point two trillion enough.
Because that does not stabilize the debt and does not start paying down our deficit it is kicking the can down the road and frankly were out of -- We have to make some very difficult decisions and no matter what super committee comes up with it is going to be a difficult vote for every member of congress because is going to be part of it that they don't like.
But the reality is is that if I'm gonna make a difficult vote that I'm willing to make I want to mean something I don't want to be just kicking the can down the road.
You know congressman -- for all of this talk about well that your group is growing and there's that this.
The fact is that the that I think the prevailing sense the conventional wisdom here in Washington right now.
Is -- the super committee.
Is that lot that that -- infected the greatest chances are that they're not gonna come up with any deal.
Before November 23.
Before we get to that whether that's real -- not what do you think the impact will be it would Endesa if the super committee comes up empty on.
The economy on the markets on the credit reading for this -- It'll be -- -- devastating to our country that not only would it look as if the congress is more this box on the minority is but the whole world is watching there were going to be able to come up or something that is being.
And and having the support of a hundred members and the 45 members in the senate so now we have a Bob Parsons this in the box camera -- That we can support those twelve members and say we have your back we know you have to make these difficult decisions and choices it's going to impact us.
Not only here in the US but truly what's happening all over the world.
We need to continue to be the leaders of this world and the way we do that is I was twelve members need more than just -- hundred members in the house -- need to increase that number every single day we need more members of congress to join us I'm gonna pick up on that the second but your thoughts congressman Simpson about the impact.
If the super committee doesn't meet that November 23 -- line.
As he said -- in the whole world the whole world is watching this and I actually think the markets start take effect.
It's a super committee does not come up with something because I think they're they're looking you know -- -- in the markets will either correct this situation are we well.
And I think the economy will will suffer greatly in the American -- -- suffer greatly.
And who's gonna suffer the most whenever the economy goes down.
Is those that are less well off.
So we have to do something and the tough thing is I know this sounds ridiculous and everything else but.
We've got to put aside our elections we've got to put aside the Republican and Democrat we've got to put aside politics and we've got to do what's right for the country.
And this is one time where I think it's critical we've got one chance to pick sixes and this is that chance now.
I guess what I don't understand and and it is impressive and that's why we're having you on the program under a hundred members signing this and is eyesight was sixty Democrats forty Republicans is is a big deal.
That doesn't seem to be a sentence and it may be maybe I'm missing something do you really sense that there is -- growing a little bit cousins at the general opinion.
I think the conventional wisdom is this isn't gonna get done that that the committee they may get to the one point two trillion.
But that they're not gonna make a bargain that the Republicans are not gonna give up on taxes the Democrats are gonna give up on serious entitlement.
Before we didn't wanna put pressure on the committee.
To do something what we -- -- show them that their support out there to do something big.
And getting a hundred members of congress to sign anything it's almost impossible so we have a hundred now we have a 103 more members are looking at I think you'll see that number grow.
And I think overwhelmingly as I talk to people even people who didn't sign this letter know that this is the right thing to do and digital nervous about science do you think.
Do you think that -- -- -- on and it and because Republicans have been pretty strong about opposing the revenue do you think well.
How many Republicans do you think would go a long night.
I couldn't give you -- number but I will I will I believe that there is a majority in congress of Republicans and Democrats on a bipartisan basis.
And that's the most important thing if you look at any time this country's had a problem.
The solution has come it's been a bipartisan solution if it was Republican.
Only sort of proposal it wouldn't it wouldn't work and it wouldn't go anywhere was Democrat only proposal wouldn't go anywhere if asked to be bipartisan.
But what last -- and you said he didn't want to put pressure on the super committee but -- but congressman Shuler.
They are the the guys banking that it and women deciding deciding this issue and they have two and a half weeks I think at this point the twelve.
As members of the super committee are seen largely as agents.
Of the congressional leadership of the members the leaders who appointed them.
Should the member is.
Break with the leaders.
Act as independent agents make the grand bargain and let the political chips fall -- them.
Certainly I agree that Mike and I would have been really good options -- have on the super committee.
I think we can and it probably -- may be erased their earlier is that okay yes but.
The the reality is you now have over a hundred and the house states men and women.
And in the senate.
Who -- acting.
In a way that gives them that support.
And would that is the reason for the latter is -- say we have your back we know it's tough and if they -- gives them the opportunity to break from that leadership role.
That is been that was appointed they were one about our leadership and that's not a reflection of the US is not a reflection of what's true -- and in our conference.
We'd have to see more of the middle of the road.
The Tuesday group a blue dog members continue to step forward because we represent 80% of America and.
And to give you the last word congress and Simpson should.
It's super committee members that they break with the leaders today act independently and take this into their own -- And you do what's in the best interest of the country.
But if you look at the recent comments of speaker Boehner.
He has suggested the revenue can be on the table that it's going to be part of the solution.
I've never -- does sort of say here tax hikes and difference but there's a dash in crashes -- -- yes.
That's nobody is in favor of increasing tax rates right but we aren't favor increasing revenue we have to increase revenues so.
I think -- as speaker Boehner wants wanted big deal.
And he tried to negotiate one with president earlier on the debt ceiling limit.
That didn't that didn't come about but I -- in speaking with him that he wants to solve this problem.
Hello gonna have to leave it there thank you both so much.
We'll stay on top of the story back.
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