Also in this playlist...
This transcript is automatically generated
Out of the growing threat to fiscal cliff today on the senate floor minority leader Mitch McConnell accusing President Obama being back on the campaign trail instead of working out an agreement when lawmakers sent John -- is on the senate budget and finance -- he joins is good -- sensitive -- have you seen anything to indicate that still we are close to resolution or even.
Moving in that direction.
I have and it's really hard to come to resolution when one of the parties to that is -- around the the president as you mentioned is out on the campaign trail again.
You're frank just as quick trip this Friday to Pennsylvania right and -- you've got to have presidential leadership to do big things and that's what we need right now obviously Republicans are here.
-- to go to work rather ready to solve the issue of the fiscal cliff.
What the president wants to do however is to raise taxes on small businesses almost a million small businesses who employ point 5% of the workforce.
That's his proposal.
Before that in the president said in his press conference right after election that is number one priority is going to be jobs in the economy we agree with that.
But if you're number one priority is jobs in the economy you don't grow the economy create jobs by raising taxes on small business is the very people create those jobs.
Well white house Press Secretary today Jay Carney said when he was asked when the next meeting with -- congressional leaders would be the answer was it would come quote at the appropriate time.
Well I think nobody knows exactly what that means no it doesn't -- that's -- point -- visit this set EI.
A look at all of you had to -- vacation effort to lay out campaign into an -- for the last three months you've known about this said this fiscal cliff for a year and a half.
And now the presence going out there.
Friday to do as you say campaigning the Press Secretary says of the being mean between leaders an appropriate time appropriate times is a pretty much like right now play does -- to leave what would you wait.
You're seeing with president and and Democrats is sort of an attempt to run out the clock I think that they think they gain -- leverage if that pressure builds toward the end of the year.
And frankly you're hearing a lot of prominent Democrats now saying we should just over the fiscal cliff.
And in what taxes go up and -- which would be a huge mistake in terms of the economy and we've got lots of analysts have looked at it economists who said that if that happens you're gonna reduce economic growth.
You're gonna lose jobs and you're gonna go in you're gonna lower take home pay for Americans it's -- -- is a big mistake to do that the president knew that in 2010.
When the economy was weak the economy is even weaker now than it was in 2010.
I don't know ten others no surprise surprise the debt ceiling of sixteen point three trillion dollars we're gonna hit that at the end of December and the treasury can do some sort of fanatically so that we're not going to be out of money and -- -- -- credit rather.
Until -- mid February just about the time when most Americans are expecting the federal government to pay their down tax refunds.
And -- at least right now with a -- soon as a business we know money to pay those quote tax refunds.
Right and the Democrats now want to fold the debt ceiling into these year end fiscal cliff negotiations.
But as you pointed out I mean this this debt ceiling issues sixteen point four trillion dollars -- -- going to exceed and now they're they're gonna use quote extraordinary measures are tools that they have available.
To get us.
True in the books -- got to get a severe she didn't have anymore money and -- -- you have no more money came in by you know -- credit and begin next two months mr.
cook in the books well how do you ask.
It exactly and in what Republicans have said is look.
We're willing to work with you on fiscal cliff issues on the on the debt ceiling all those things.
But we've got to do something about what's causing the death and that's runaway federal spending the problem here isn't that we tax too little -- we spend too much.
-- -- according to the -- Democrat Democrats want -- -- to -- -- -- the -- over two -- 50000 dollars which means to be enough money if that happens to run the government for about eight or nine days -- about 357 days unfunded.
And we still have our structural problem -- and doesn't -- the -- it's also -- nine days right.
-- they say anything about that.
No in and really if you raise taxes on people -- jobs mean they they think you're gonna get more revenue get sixty billion dollars which actually funds the government for less than a week.
But you give all that new revenue back is in the in in the form of lower economic growth -- -- you're gonna lose growth in the economy.
-- generate even dumber -- it was economic growth.
Even if that weren't -- probably even be given to let me give that money it's still -- still really -- eight days do you feel if you let -- tax the rich you still have eight days and you still have the same.
Infrastructure and the same -- economic structure of our country -- unless we do some something serious about it.
We were clocked right and and we can Republicans cannot be for.
Anything that doesn't involve entitlements.
First got to reform entitlement programs that's got to be on the table so -- the presence been unwilling.
To lead on that issue I know a lot of his.
Outside groups and his allies in congress don't want to take leadership on entitlements but if you don't if you don't deal with the issue entitled reform you haven't done anything to solve the problem.
You can raise taxes on the rich but that gets -- enough revenue for the funny syphilis in the week which is what people don't realize is that like in -- fight over funding that that there about taxing the rich is that it's really not good it's not gonna change our problem.
Now it doesn't mean it's it's a short term they admitted today it did sounds -- the politically maybe it is but the fact the matter is it doesn't solve the problem the American people want solve the problem.
That requires presidential leadership I wonder wanted to question we have a new member of the South Dakota our policy understand sports say your father it isn't does some good news some good -- your father daddy is a radio B 93 next month and down -- great career high school college was a three year starter at -- university of Minnesota's basketball player this -- -- very humble guy.
There yes that's right and and also a World War II fighter pilot and he was out here a few years ago we got a chance to take tomorrow.
Pilots -- responsibly if it we have to another and that could visit the senate thank you so thanks credit review with you and -- -- should the bank.
Filter by section