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Sen. Lindsey Graham explains why he's willing to break long-standing pledge to oppose tax increases, sounds off on upcoming meeting with Amb. Rice on ...
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Tonight a real cliffhanger -- -- to.
You -- and of course the rest of us we are all on the edge of this fiscal clip.
We don't thing that raising tax rates is something that's good for this economy that will help grow jobs.
And so what we have said is there are a -- -- for the federal government to.
-- -- more revenue if we grow this economy engaged in tax reforms.
Every economist and I respect says in a -- range tax rates at this time.
Presently in the sense that a couple of years ago better than in -- economy we're trying to help the economy.
And so unless I can be convinced of raising ten.
So we'll be beneficial then obviously I think there's.
And grounds for my position -- Truth is that this country does not -- to go through this festival web which is fundamentally a huge tax breaks and very little spending cuts.
And so we are facing this year's automatic tax breaks.
That needs to be -- Just a lot of rising -- batters he was originally we can't talk about just what Democrats are -- really we have Mitch McConnell get him in the room and that's what representative government should be about knowing your -- relevant one of Reagan and -- -- doing beta atom bomb and you'll notice.
-- balance.
Approached.
He is the right approach to someone that most beneficial for our economy is one.
-- the middle class and -- -- creates ladders of opportunity for those.
Who aspire to class to get there.
It's time for the president to present on the planet -- involved -- reckless and radical voices on the hard left.
That goes beyond the talking points of the campaign trail and -- had a realistic chance of passing the congress.
This time it in other -- -- campaigning.
Is over.
Come for the broad relief.
When you're sixteen trillion dollars in debt -- -- pledge we should be making each other is to avoid becoming -- And Republicans should put revenues on the table.
So I ivory would probably should raise rates but I think Grover is wrong when it comes we can't cap deductions and -- -- dad what do you do with the money.
I want -- -- down debt and cut rates does create jobs that I will violate the pledge long story short.
For the good of the country falling yet Democrats will do entitlement reform.
And senator Lindsey Graham joins us but before we get this fiscal cliff I'm curious you have a meeting tomorrow with -- ambassador rights senators McCain and day out they act.
-- -- Well she asked to -- listen now listen the bush yes to say about her role in the Gaza that I can say this the more I know about Ben Ghazi.
The more upset I am that they in this that consulate was even open on September 11.
When you look at -- history and they're they're reporting coming out of Libya about the dangers he should never been opened are heavily reinforced.
During the attack I'm more worried than ever while we couldn't help these people for seven hours.
And after the attack I think the story we were told about a spontaneous.
Of the end -- -- video for a mob turned into a riot.
It's less credible than ever but I want to listen to her side of the story.
-- it do you is -- your thought to have been set aside ambassador rice for a second.
But I you satisfied.
That the administration is providing information.
To the committee -- Capitol Hill or is absolutely not they're stonewalling at every turn they ran out the -- before the election.
And the president says now the election's over we're gonna cooperate the most basic information.
About what happened on that ignited the attack.
And what survivors had to say.
After the attack is not being provided and we'll talk more about that tomorrow but long story short as I know very little from this administration about what happened and -- And what I'm finding out on my own makes me very upset why do you think investor -- kind of thing I do think it's because she's there -- trying to that.
I'm -- the waters for that she's nominated I have no idea but I'll be glad to talk to her and again it's not just about her wanted the president.
Seven days after she spoke.
All right this off as a video inspired event when it's pretty clear to everybody early on this was a terrorist attack -- a coordinated way.
There was no mob that turned into a riot and -- the riot.
That I have seen doesn't include -- heavy weapons and mortar trucks at their tickets and -- direct question I'm -- answer direct questions because it's my job.
You know President Obama had no problem challenging the Bush Administration the Bush Administration made a lot of mistakes -- -- -- Iraq with John McCain.
We didn't come back and say all was well John McCain -- Rumsfeld to resign.
It wasn't a few dead Enders in Iraq the storyline given by the Bush Administration.
Was an accurate based on what we -- on the ground the storyline given by this administration about Libya.
Doesn't match up.
Look what happened on the ground doesn't match up as a liar deceitful and did -- -- what we're trying to find out in the wild look into what they were telling us on the sixteenth.
The eighteenth in the 25.
Days after they attacked the more sounds like a political smokescreen rather than he confused situation.
-- say one last question is the senate going to create select committee so that this gets about to meet one of the -- people are suspicious at the Intel committees.
-- chummy with the Intel community and they don't have to probing questions you might once I was fresh -- -- we would be well served to have one group.
Of senators.
From all the relevant committees interviewed each witness and -- knows the DOD.
Departments state and the CIA.
-- should be interviewed vast let committee so we can get the same story.
From each group can do to compare notes this stove pipe approach is not the right -- -- I fiscal cliff you are not -- of -- -- tax rates right.
But you're not opposed to other revenue methods first -- I -- to get the Democrats put any cuts on the table that shows like criticism.
By the Republicans that there are no cuts put on the table by the Democrats hey here's.
-- I think we need to do to save the country long term and short term for fiscal cliff.
If we don't do something by the end of the year tax rates go on everybody didn't child tax credit changes the marriage felony changes.
Everybody in -- country gets hit and they get hit hard.
The military.
We'll get Major -- cuts beginning January 2013 -- the smallest navy since 1915 smallest army.
Since 1940s smallest air force in the history of the country so doing nothing is a catastrophe.
Here's what I think is fair to ask the Republicans.
We have about 15% of GDP in -- the historical average is 15%.
18% coming to the federal government.
One way to generate more money without hurting job creation this cap deductions.
If you limited deductions to 50000 per person which would take care of the middle class person and then -- He could raise about 750 billion dollars in new revenue to do a lot to pay down debt -- -- so deep in debt we need more money to get out of debt.
And the more tax rates for the corporate rate -- -- -- to create more jobs.
I'm willing to put revenue on the table.
To pay down debt and create a better economy.
But my democratic friends have to reform entitlements what will make -- Greece.
It's not raising taxes -- -- make disgrace.
Is not fixing Medicare Medicaid and social security and about thirty years.
Medicare and Medicaid alone will -- will consume all the revenue coming in taxes.
These are unsustainable entitlement programs.
And they have to be reformed to save the program and keep the country from going.
Into a Greek like status.
There's eight point six trillion dollars of unfunded liability and Social Security to make it solvent for the next 75 years she'd have to put eight trillion dollars.
In the bank today.
For Medicare is three times that silly.
Art is there any appetite for reform really -- -- service a Twitter post election.
Democrats of the wind behind the fact the president does on this incident attorney appetite foreigners -- -- to be -- there's a lot of written Democrats -- understand that Medicare's trust clearance on the money in 2033.
Medicare runs out of money in 20/20 four so these programs literally go bankrupt.
If you -- to save them yet restructured them.
People younger people need to work longer and me and you we make enough money where we could pay more into the system without losing our quality of life.
-- adjustment means testing we'll help save these programs.
But when I mentioned putting more revenue on the table -- -- one condition on it I want the other side to do something hard to.
Reform entitlements like Tip O'Neill and Ronald Reagan did to save Social Security.
When -- said that senator Durbin said -- you don't need to do anything to Social Security.
It doesn't add to the debt today but he's -- -- swamp us in the future and the program's gonna go.
Bankrupt.
Why would you just raise revenue and not deal what got us in the sixteen trillion dollars to -- to begin with and that is entitlement programs that are unsustainable.
So I expect my party to do something hard and I'm comfortable.
Only if the other party will and together we need to reform entitlements senator thank you -- -- sister thank you.
