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Corker: We're 'not even close' to a budget deal

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    GOP senator seeking 'tangible entitlement reforms'

  • Duration 5:40
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-- you stop -- measure negotiations continue we are told what the White House they continue on a broader tax and spending deal but will they get that deal.

Our Republican senator Bob core credit Tennessee member of the senate banking committee my guess now senator good morning -- you.

-- Bell I wanna use your own words from other broadcasts earlier today were not close.

Coming mean the president the president has yet to lay out tangible entitlement reforms -- I've been -- to get us to pivot to that for almost a month now.

And he wants a debt ceiling increase -- -- to do away with the sequester.

But he doesn't want -- -- out tangible entitlement reforms and so.

We're not even close the deal in my opinion and I think speaker Boehner has done everything humanly possible to try to get us where we need to be as a country and put this issue.

In the rearview mirror so we can start January 1 focused on growing our economy -- unfortunately the White House is still not coming forth.

With I think at least a trillion dollars entitlement reforms are needed right now.

To really calls our country male -- -- this but at that present there's nothing tangible there's only a deal.

What they're offering as a fiscal -- a year from now.

With undetermined.

Cost cutting.

But although -- -- -- -- -- -- ever let me try cut through a couple things right here again you're saying this deal cannot go -- because there's not enough entitlement reform.

-- -- -- -- Absolutely yeah definitely but what the house is set to move on a bill possibly today or later in the week and I want to use your words from earlier.

To rescue the bulk of the country from a -- countries are right -- and then you say unfortunately that's the only thing that what happened this year.

If that is the only thing that happens this year that taxes do go up and everybody who makes.

What less than you are a million dollars a year so -- the house Republicans.

-- been fighting this battle for years now will go into the new year and we'll have voted on a measure in the end to raise taxes.

Now that's of -- a white belt making and not raise taxes I can actually two.

Freeze everybody's taxes they can vote to freeze everybody around -- and I can think yes so.

What can happen as all of them can vote to keep the bush tax cuts in place.

And when it comes over the senate then the senate changes and obviously I'd be voting the White House members have it.

But that now that the there's a way of denying them.

Doing that without them actually I but I guess -- it's not clear about that because the way I've read your comments from earlier today suggested that you know house Republicans would vote on raising taxes but their.

Now it's a millionaire or whether it's not they're gonna go into the new year that's the only thing you did get get accomplished now.

Let's unfortunate.

I don't know how -- bill.

That you can agree to give away the debt ceiling increase to this president.

Whose red -- our country with spending right now.

He wants us to give away the debt ceiling he wants us to do away with the sequester which at one point two trillion in reductions over the next decade.

And always lying on the table is 400 billion.

And reductions that are specific only 200 million of those are entitlements.

And then another to be determined discussion that landed another fiscal cliff veneer so bill I think what the house is -- -- it -- We realize that that we realize where we are we want -- rescue everybody makes under Canadian dollars.

They're still not gonna vote for any tax increase there's a way they can do that.

And then unfortunately we're gonna carry this on the debt ceiling and speaker Boehner has been trying to resolve this I think he's been -- hero -- -- But the president still has not forthcoming bill with any tangible entitlement reform so you how you say you cannot save our country without.

In the operating through a lot of there's reports that -- -- on this event the amount of spending you'll save over ten years which amounts of two trillion dollars.

Which when you considered for your star will be twenty trillion dollars and it's it is such a small amount there yes but but of the before we address that.

You're gonna go in the new year and none of this will be accomplished.

And none of this gets down again -- the debt -- in February or march which will be a whole another round discussions -- what what what why is the impact that if that is the case and that's the reality that's the way of Virginia was the impact on our economy.

It's terrible it's absolutely terrible.

Bill and you know I laid out a bill about three weeks ago that.

That specifically.

Said the things that we needed to do us as a nation and I don't think anybody else is actually done that in legislative language.

What this nation needs is to put this in the rearview mirror come up with four and a half the -- trillion dollars.

Of of reforms and savings and cuts the really low -- the deficits that you're talking about by the way in the out years bill if you make entitlement reforms.

The numbers are tens of trillions of dollars and you say both programs for future generations.

But now it's an absolute travesty that we are where we are.

Where we are great nation every developed country in the world knows our greatest threat as our own fiscal solvency.

-- we have a president that we have to prod on the average into a place of doing the things that are necessary for our country it's a travesty.

And what this means this they're Americans of all walks of life.

It will not say the economic prospects this next -- that otherwise they -- saying.

Because this president has -- -- to -- a concrete plan to save this nation.

And I think speaker Boehner and trying to get there -- been working with you -- -- -- but I think it's a trap senator thank you for your time -- a worker -- a Republican from Tennessee as we await this now thank you sir I have.

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