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Rep. Pascrell: Republicans won't hold us hostage any longer

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    Democratic lawmaker on 'fiscal cliff' talks

  • Duration 6:36
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And breaking news from the hill moments ago Republican leaders on the house putting their cards on the table when it comes -- revenue.

And what comes to entitlement reform -- getting here from the house speaker John Boehner.

Followed by the house majority leader Eric Cantor quickly now moments ago on the -- They're going over -- video fiscal Clough global hurt our economy and or her a job creation in our country.

Republicans are committed.

To continuing to work for the president.

To come to an agreement to avert.

The so called fiscal -- It's one reason why we believe that we put.

Revenue on the table.

As long as it's accompanied by serious spending cuts to avert this crisis.

We believe that this strips the president's request.

For a balanced approach to this issue.

We're gonna continue to work with the president.

To try to resolve this in -- way.

That that is fair for the American people.

So we all know that we've had -- spending crisis.

Coming out of sight of freight train.

And it has to be dealt with.

In order to try to come to an agreement Republicans are willing to put revenue -- the table but it's time for the president and Democrats to get serious.

About those spending problem of that our country us.

Obama's optimistic.

That we can continue to work good together.

To avert this crisis and sooner rather the later.

Good morning.

I you know it was hard to say the last week the president's chief political advisor mr.

park.

Indicated.

Medicare and Medicaid are the main drivers of our deficit.

And I know we have seen this morning also several editorial writers.

Indicate the same that it is important that we put these drivers of the deficit on the table and include them as part of any agreement.

To avoid the fiscal -- So there is one side.

Now the other -- New Jersey congressman bill passed Breaux -- Democrat serves on the House Budget Committee.

House Ways and Means Committee -- here welcome back here to America's Newsroom there is the headline.

From your colleagues on the house side for Republicans.

So when do Democrats show their hand.

On entitlement -- -- Well I don't think that the Republicans have showed their hand -- we have the same tune a little different lyrics now coming after the election.

-- have a great deal of respect for speaker Boehner but I don't think that changed at all.

To pull revenue one on the table and simply talk about the possibility of -- of doing away with certain deduction.

There's a disservice for -- little class we support -- -- clearly.

Be maintaining the tax cuts for the middle class of this country that means 98% of the people get -- continue to touch.

97% of businesses we've made that very very clear that was a -- That was the question the question was about -- -- -- -- Medicare and Medicaid.

Will you be willing to come to the table and negotiate on those two items.

An order for people like John Boehner and Eric Cantor to get the -- that that's necessary to get a bill passed.

Well we don't accept the first part of the premise but what what we will do is we realize that the entitlements -- renewal time.

We're not -- -- stop beneficiaries.

From getting what they deserve they paid into it.

Whether Social Security or Medicare personable and neither of them -- directly affect the budget neither of them directly affect the general budget.

Medicare does but we are not going to.

Going to deal with the beneficial.

Results of what that program was all about -- -- -- really -- -- -- let me charges -- -- -- do you agree that Medicare -- Medicaid -- bankrupting the country they need to be reformed and change answered -- I don't -- you've done literally hang -- once now okay this has you covered the flying you have to define what I just got some value to just give me one moment here he didn't we hear is the president of the United States -- three years ago.

On this very topic that's.

The major driver of our long term liabilities.

Everybody here knows.

Is Medicare Medicaid -- -- -- spent nothing comes close.

It's -- -- we could probably fix the same way Tip O'Neill and Ronald Reagan sat down together and they could figure something out that is manageable.

Medicare and Medicaid.

Massive.

Problem down the road that's where.

That's that's going to be what our children have to worry about.

So was -- wrong.

Now -- but he was talking about all she forgot to mention he said healthcare course.

That's the thing that really has the budget and reps we should be thinking more of the American economy.

Rather than the budget we are so fixated on a budget that we're never going to help this economy.

-- that you know watch Simpson Bowles warned us about this -- we have draconian cuts.

As the other side has recommended wolf we're going to have there's a worse situation.

And a renewed recession now that you want that and I don't want that.

Pedal and a lot of folks who say sixteen trillion in debt is something it's unacceptable this is the editorial horrible from the Washington Post now okay.

At some point present Obama has to prepare the American people and his own supporters most of all.

For the hard decisions required to put the country and a sound financial footing only one person is in a position to make it happen.

I get in the oil onward when will.

The question is there's going to be a review editor has been going on since the health care act.

What McNair met Medicare doesn't want -- does not do that does not mean you have to reduce the benefits for those who paid into the program.

And it and that we need to make clear before we even discussed Medicare but it should not be in this deal.

Give the middle class the tax cuts continue those tax cuts which -- which is 98%.

Of the American people.

This party and Republican parties not to hold us hostage in America opted to any longer we're gonna make that clear bill and when you're talking about.

-- -- -- area you're talking about health care.

Toys you know these are so different enormous issues in their 33 guys on the calendar to get most of them solved otherwise -- pundit and 2013 or -- over the cliff it's my sense that both sides.

Are still very far apart from -- deal.

I hope I would operational pastoral I would agree -- -- the compromise.

I agree with your house we'll see you in December will bring you back again OK thank officer bill -- -- -- -- you can.

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