Simpson: Debt issue won't be resolved till after election
Former Wyoming Senator Alan Simpson on debt hitting $16T
- Duration 7:55
- Date Aug 17, 2012
Former Wyoming Senator Alan Simpson on debt hitting $16T
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It's all right back to the debt now and the sixty trillion dollar question that's on Democrats want banned from the presidential debate.
You know the one about the president's debt commission's initial recommendations.
We're trying to get ahold of some of those Democrats -- actually had a couple of months of hope springs eternal no luck as far.
Well but we did lucked out with the former co chair of the president's debt commission.
-- -- unassuming modest very -- -- Alan Simpson senator good to have you.
I said to -- chapel foe Syria in the wilds of wildly.
All right out there one thing I like about you is you you know you just birdied one -- been pretty Franken.
And you probably heard.
Some Democrats are stressed not all -- is this is not gonna go anywhere but they don't want your commission's work brought up.
And they argue the reason why isn't political but that because your condition gave a number of options it would be light each candidate.
Saying -- here today on a number of options -- your commissions were what do you think gonna.
Well there are so many things in -- there're over seventy recommendations of what we do you do get America back on track.
And don't forget Durbin voted for this baby -- senator Durbin a Democrat Conrad a Democrat senator.
These people O'Brien no that if I had a well rounded on all but he didn't but he did he -- that we I went to in my electric Hampshire laying and Ryan and camp I said I wanna know something if you voted against this because you're in thrall.
Or captive of Grover Norquist I've lost all respect for you they didn't say -- -- -- finally after I -- branding.
They said goal.
If you take away the employer deduction of employee health care premiums employers are gonna look around or is there a blank like a -- hailstorm and they're gonna go to blow they'll blow to Obama care.
I said that's a very logical.
Thing that may happen and that's why they that's why they didn't goal -- and they didn't like any revenue at all.
No I'd that I remember they read you part of a panel and there was a Leary gets on the part of taxes -- raise -- and aborted Democrats that I remember.
But I guess what in the -- senator is we're not making progress -- You're you're -- that you did with Erskine Bowles former Bill Clinton's former chief of staff.
Has gone nowhere that that report nice as it is is collecting dust on -- -- Are you offended.
Cool because it says it may be on the show but it's like.
Doctor Frankenstein is about to come by and inject some electrodes into the courtrooms -- under -- -- Michelle let me -- Everybody is saying or a lot of people with the you know with clarity are saying.
This baby it has not gone away.
And between November 6 when these guys will do nothing either party nothing just BS in March the whole way through.
Then between the -- November 6 in December 31.
They're going to be really mucking around in five to seven trillion -- -- of quicksand.
On the -- -- ten it'll have to be discussed are battling the brigade army -- do you have any friends left in Washington and any at all.
No but there we have urged and I found that there were several pockets of people we hadn't PO would.
And we're finding them we're trying to find it where they are so the weak goals there pretty -- outside -- area gave them.
Okay I'm well this is true but senator in all systems -- the one -- Wondered about here is.
They're not addressing neither party frankly is addressing this everyone's making a big to do out of Paul Ryan and and he's gonna.
Cut the budget to smithereens you and I both know at best he's slowing the growth of our spending not not reversing at all.
So if if he takes held for -- that.
And what -- -- -- driving just just for slowing the growth.
That can encourage it.
Well he encourages me.
First and I felt he was one of the sharpest guys we dealt with he doesn't have to have a staff member there -- feeding him stuff -- little memos.
He can he can go a half hour without a note.
-- in knows the issues -- He also said -- I think Arab beer and a half ago in off with we can't get some done and America there's no need to me to mash my head into the wall around here I have things to do back and withdrawn from.
And now this thing comes to him I don't think he was -- -- the let me -- he becomes a spokesman -- hard -- -- -- -- But by hand them -- -- it was a marvelous senator real reason against the raising taxes and I think he's an unprecedented moves -- interviewed many many times.
But if he's against looking at revenues even as an -- in which he said should be on the table.
And Paul -- of and you deeply admire and I can understand that says it shouldn't be on the table.
I don't see this ball moving much board.
Well we're gonna roll the ball -- a very curious way you're gonna go into the tax expenditures.
Which -- spending by any other name when he saw the -- And he knows exactly that when you go -- a dig those out like Coburn didn't take six billion bucks from ethanol subsidies.
And he would have liked that they're gonna do things -- -- Not only is not that action right now that's and is not a -- actually get rid of subsidies credits all that nonsense.
Now the Grover Norquist and -- say that's the of the fiscal purist -- every article they say wait a minute.
When you take someone's credit or allowance away that's raising taxes you say what to -- are.
Well -- -- word we would not want to share with the journalists merge but we have that and I'll reserve it for him personally.
-- -- Bottom line and we're not making much progress bottom line we're not and I'm wondering does the -- -- have to wait until the elections of formally sort of because of that.
Nothing will be done nothing I didn't think that perished in whatever say that we would go over the fiscal cliff -- -- says we'll go over that cliff now.
All right it's the defended the Republicans Democrats.
Oviedo Arctic there's an independent run on a daily I forgot them well I hate they hate you they actually load well I'm.
I'm the only guy living that ever held a hearing on the AARP one I was in the senate.
He was telling you liked it better if you don't already don't you get the the food coupon at a restaurant what's your problem.
-- I think their advertising is salacious and we have to watch some of -- -- sexually oriented.
Other than that amount table I don't like them because I asked their leadership are there any.
Patriots around here just marketers.
That's the biggest marketing agent I went in the dug around there at least -- they leased that building for seventeen million a year that leases that they.
They got money up the good -- they won't let people in their headquarters because people are working so hard in there.
They don't lot of disturbance because the damn thing is made of mahogany and marble -- take a look at that I don't there.
Are unbelievable all right lot of money money that's all there and that well they just took your car to win a senator -- No I've I've subscribed they can't possibly do that would be unconstitutional.
-- are or what good it would -- it would help -- if that's true but -- I I want to help protect whatever you know loyal audience you have -- senate seriously I admire your -- our employees marvel of the fact that you.
You you were in fact the United States senate the process of that there's a lot about you and I -- I said these same things when I was oh I remember why -- I remember right well -- I remember quite well it did.
It's good that you did and still continued -- to people.
Alex have a -- I'm not have ever atom anyway here we go and keep slug him the okay be well a good -- coming -- -- yourself Alan Simpson.
In Wyoming -- you know I'd say Lester right now as united mine that all right our old Ronald Reagan was the last guy to win.