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Cliff clamor continues as massive tax hikes loom

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    Pennsylvania Congressman Chaka Fattah weighs in

  • Duration 4:21
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Politicians of both parties still pointing fingers and a huge potential -- looming.

At the end of the year no progress on the cliff climber but democratic congress and talk of -- have lots of ideas had to settle it.

Congress -- good to have you.

Good to be here nail that was a great government program that judge and they launched us.

From rice university in 1961 -- who want to the moon not because it is easy.

But you know old -- been so many since that had never ever come close to emulating the success you and I've chatted about this.

-- -- up things government can do right and those that can't.

Those involving private contractors working in concert for same caused.

And those that do not.

So I guess we can respectfully.

Disagree -- But whether NASA works and so many others have not.

My fear -- is we would not have had the same liberty then if we were dealing with the same debt we were today.

And yet you're now compounding it by arguing for more spending.

Well you know the hold.

Discussion around the -- cliff is a stimulus program rather still must -- for the tax cuts.

Put in 98% off for a 100%.

Rather stimulus by extending the payroll.

I don't know where this stimulus and -- -- -- -- -- rates that are already there I mean if you don't why are we -- what.

Why are economists say we can go into recession we don't do this clip -- sand.

By taking so much money out of the market come from people who'd be spending it back.

And haven't -- taxes -- air -- go by cutting their rates -- like writing.

Or by cutting government spending either by.

Two large.

-- increase in taxes or by.

Too large a cut in government spending -- and that would reverse the economic recovery the whole package is this -- -- package.

All right one way or the other and let let let.

Let let me answer that where we stand -- magazine and Oregon are -- philosophies are but I wanted to sort of cut to the Jay-Z.

-- a good deal will be done and what it might ultimately look like if it is.

I -- they do a deal would a good deal and that you know we between Christmas and new year or so.

I think -- the I've made a proposal today and I hope -- resolved the question about the debt ceiling because when congress authorizes appropriation bills.

We should authorize a -- point whatever spending is necessary and you know we're gonna order -- on the menu we gotta pay the bill.

But we don't have to give the president a blank -- he only can spend money that's probably appropriate about a congress.

And read -- Emmys do tax revenues of bombarding.

It's been a probably about a congress and what I'm saying is.

Let's just in the right then and then let that be the incremental increase in the did that limit each -- the United States congress decides to spend money rather on NASA.

-- get -- I'm -- Ramallah and our democratic president that that you don't they did that would be.

Equally abuse in other words if you get the -- debt ceiling issue out of the equation you just aren't getting any president a license -- stand -- any congress.

Is complicit in that's.

And when they wrote the constitution here Philadelphia article so that only to congress can spend money.

This complained that the president spending money the only money the president can spend as the money that we appropriate so I'm saying is -- great time we move and appropriations bill.

Let -- -- knowledge in that bill that rather than taxes what do barring that we are authorizing.

The president to do what is necessary.

Verses having two bites at this apple act as if he's spending on his all when it.

Now zero and I think I was I Charles Anemia but you don't seem to be so they -- why don't digital had alarmed by the debt.

Well you know we we live in the wealthiest country in the world and there's no country that wouldn't trade are -- -- power position -- our about the we need it.

Well we know I've offered a bill to pay off the -- but I think we should deal with this question of the debt limit.

When I'm saying is that the congress is down in order is a meal.

Then we should agree -- without pay for it at the same time verses having that debate as some later point okay congress and always good having thank have a great weekend I don't know why -- Basil it was sunny it's good stuff tonight and a -- Jeb.

I think you gotta Jet Propulsion Lab one -- so you can see some of our great.

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