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Rep. Michele Bachmann, who voted against raising the debt ceiling, sounds off on a potential new battle ahead and more
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Out of the nation's exploding debt it is now more than fifteen trillion dollars.
But here's more disturbing news we are now again pushing up against a debt ceiling congress extended last August so -- congress again raise the ceiling one thing is certain.
The next round about raising the debt ceiling or -- will be a bloody fight and already it is heating up speaker of the house John Boehner insisting he will call for spending cuts and reforms.
Greater than the size of any debt ceiling increase and Treasury Secretary Tim Geithner warning congress.
Raises -- without the drama and pain we saw last summer.
Represent Michelle Bachmann voted against the last -- she joins us nice to see you -- -- I.
Say we're bumping up against the ceiling and they estimate is the end of this year or January 13 -- bay hit the ceiling again.
Yeah -- -- is -- it we're we're in a worse position now than then the last time when they raise the debt ceiling -- this was entirely predictable.
We knew this would happen.
It's the same disease that Barack Obama's -- since he came and office is spending and spending money that we don't have an enriching the Chinese ultimately.
By borrowing money from them and paying them all of the interest payments.
That's what we're bumping up against it that again at the end of this year and really frankly this is an insulting remark fire Treasury Secretary Tim Geithner.
Because he's saying congress.
Don't feature mad -- just give then raise the debt ceiling in other words just keep this road show going.
And of course we all know that we have never seen anything and the history the United States.
Like this accumulation of debt -- -- -- as I came in the congress in January of 07.
It took us 219.
Years to accumulate about eight point 67 trillion in debt.
And now President Obama is -- over five trillion in additional debt.
But we're looking at about sixteen trillion by the end of the year -- Greta we've we're in unchartered territory as he can't go forward with what the Treasury Secretary sent.
But then -- -- played out I use -- term drama last August and it really does show how dysfunctional congresses because congress couldn't agree on something so they outsourced it to super committee and put it off until November that told the super committee okay we can't decide as a body.
Would the senate with the would be a president they cut costs represent so that outsource it to the super committee you guys -- decide by November and if you can't couple ninety it would do these automatic dad cuts sequestration and at at some time after election.
And the way what I'm pretty safe so they couldn't -- -- -- agreements so what happens is now we have these bizarre cuts going -- numbers are produced huge cuts coming in.
Defect -- genuine and I think good or bad -- know that a second offense Panetta's worried about the Republicans are worried about her once for defense.
People are very worried and they completely -- going to happen.
After election when everybody's off -- -- that very convenient narrative so it should know what's gonna get hit November of who's in office who is responsible for the dysfunction of how the some -- right because people need to.
Now that we're looking literally at a calamity of fiscal calamity it is attacks and again in coming on January 1 of 2013.
Over 500 billion dollars likelier about 500 billion in new taxes everything from.
New payroll taxes the new Obama care Texas new alternative minimum taxes.
New taxes on income and investment income.
This is a huge.
Snowball coming at us and of course that's the number one issue is uncertainty yesterday I was a Forest Lake, Minnesota Saint Cloud, Minnesota.
This is what employers are worried about by the way -- -- segment with Brett on what women think I would tell you.
I talked a lot of women yesterday this is what they don't want to see your tax increases because their husbands that are -- 55 years of age.
Are losing jobs and they're not finding replacement -- certainly not at the wages that they had.
That's one thing that women are extremely upset about and they look at Barack Obama they see gross incompetence they look at Mitt Romney when they look at him -- -- a Smart guy.
Intelligent guys savvy very optimistic he understands economy I think that's why he's going to connect with women in the -- in the in this election.
I -- talk about Treasury Secretary Geithner.
Senator Harry Reid asset a statement about about the speaker Boehner just comment on the debt ceiling this -- senator Harry Reid says.
It's pretty clear to me that the Tea Party direction of the Republican Party is driving them over clips and he's -- the Tea Party.
-- -- the Tea Party says let's not spend more money than what we take -- that's the mainstream message in America today John Boehner.
Is exactly right to speech -- speaker of the house he's saying if we're gonna increase the debt ceiling.
We have -- have cuts that exceed that amount that's pretty common sense some pretty normal that's that's what any business and any family would do and my opinion when it was even.
Probably more dramatic -- last summer when this that came up.
I said let's not raise the debt ceiling lets deal with the problem today let's not kick the can down the road.
We have to have budget reform.
We have to have tax reform after spending reform and we can't wait because this is what Barack Obama isn't doing he's not telling the American people the truth.
He's not telling us about this tax and again that's upon -- and what we have to do is let people know that today we need to enact.
Not in the future we have to act today by the -- -- fun with -- I wonder and he give me a good deal a Swiss watch and stand up.
Not -- obviously you still happy about how he really meant to hundreds of good times joking about this what in the world.
-- that Swiss citizenship now up well I married my husband 34 years ago he has dual citizenship with the United States -- with Switzerland.
And by operation a Swiss law automatically because I'm married -- dual citizen.
I'm my wedding day I too was given Swiss citizenship so.
-- have that for all 34 years of our marriage and -- the whole issue came up last week a lot of people thought I was giving up US citizenship.
-- -- was citizenship and I want people to know that.
I have pledged allegiance to the United States every day of my life in new papers usually was then welcome resembled one of our children wanted their eligible for dual citizenship and they were filing their papers and that's how all this came to light -- -- -- people Chanel.
Without a shadow of -- -- I'm an American first last and always and so I asked the Swiss consul at the consulate to withdraw my Swiss citizenship.
I wanted it to be known I'm completely 100%.
America so no deals on Swiss -- -- -- me I got -- to go on the streets of Manhattan to get want to know ten because -- up up up up up and you know we have some fun with it must admit last week.
Really it's always nice to see -- -- this --
