Fox News
Expand
Browse All Video
Watch Live

You're watching...

Will Super Committee Undo Its Own Rules?

Details

  • Description

    Deadline approaching to reach debt deal

  • Duration 3:25
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Our nation's ballooning debt taking center stage on Capitol Hill pressure growing for the super committee.

To slash one point two trillion dollars over the next ten years.

If -- deal is not reached by the November 23 deadline automatic cuts called triggers split evenly between defense and domestic programs would -- again bought.

With the clock ticking away members of the panel -- looking for area plan -- to backtrack.

From those rules.

I'm not given up on getting something done I really think we still can and I'm gonna do everything I can't -- to achieve that but in the very very unfortunate event that we don't.

I think it's very likely that congress would reconsider the configuration of that sequestration and considers this really the best way to do it.

Now Republican congressman -- -- from Texas a member of the constitutional conservative caucus and a Republican Study Committee.

Congressman Royce Gracie thanks for our good decision -- after a year of of debate in consternation over our ballooning debt and deficit congress made a -- by November 23.

Will do would deal one way or another or the triggers kick in now they're saying maybe not would that be a breach of promise by congress.

Well Jane that's inducing question Greg has since we made a pledge -- -- -- to cut to a hundred billion -- the budget.

This first year that had happened but the problem is that original debt ceiling bill back in in July and August set us.

-- lose lose and the president and read for a win win.

They are guys thought gee.

I will agree to put our our national security on the table is a chip.

But because they'll -- Medicare on the table as a chip not realizing that played ended their hands from from their standpoint.

That you need to keep the voters' thoughts off the 500 billion in cuts to Medicare that obamacare did.

And the only way they can do that is to have a breakdown of the super committee and a failure to reach an agreement.

Then you get these massive cuts than -- blame the Republicans because -- knew exactly he ends we got some great people on that super committee.

And -- set up a framework that.

He thought they had to deal with at least three Democrats right and then after the Democrats went back to their leadership they came back -- -- -- today.

Here's what were sick after saying look we're not -- agreed revenue increases Republicans if you know what we will agree to about 300 billion in revenue increases through closing.

Tax breaks and loopholes changing a tax rate structure and so forth.

Which Dick -- number two US senate Democrats it was a huge breakthrough was but now -- -- Democrats don't like this what do you think of that proposed.

I think they went back to their leadership is very obvious -- for the gamesmanship they're planning go back to their leadership -- later said.

Said -- on -- we don't want an agreement.

We want the cuts to Medicare so we can blame the Republicans otherwise we go into an election year -- -- the only ones that cut 500 billion out of Medicare out of time Deal or No Deal by the 23 week.

I'm afraid there won't be -- dale when the Democrats are being instructed not to my point well -- -- cuts don't kicking until 2013 so there would be time thereafter -- -- it for another discussion directly to security on the table though that was a big congressman -- our good to see you thanks for Greg C Greg.

Load More