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Fiscal Mess: What's next for debt and spending?

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  • Description

    Looking to future after 'fiscal cliff' deal

  • Duration 3:18
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Here's little bit here you are one of a senators to vote against the fiscal -- deal and now we're preparing for -- debt ceiling debate.

Do you expect to see the same -- the same a loggerheads.

On Capitol Hill.

I think it will be -- it should be.

We continue to borrow and speed and we don't cut.

We headed down the road you know financial destruction as everybody knows we do need to -- -- -- -- we don't need to keep incurring that it that's I think argument we should make.

We've got -- of -- to financial.

-- And we're not there yet.

I believe -- the day the president if he will get involved if he will get well.

We could do some good things but we've got to cut spending.

Will we have some type of a grand bargain I don't know but I believe we're in better shape all of this than we were.

On the tax funds where you sit there that you might see this senator to -- the president get involved -- and do your boss Mitch McConnell.

Talk about that.

The single biggest threat.

-- to America's future and that's our excessive spending I would like for the president to -- it is a shame that we have to kind of dragged him to the table.

And then also the president recently remarked that he does not want to -- to fight over the debt -- let's listen up to that.

All negotiated over many things.

I will not have another debate what this congress over whether or not they should pay the bills.

That if they've already racked up through the walls that they passed.

As much as people have expressed a desire to work together I don't see it from from the polar opposite statements were seen coming from the hill and from the other of the Pennsylvania.

I think you're gonna have a healthy debate and I think the president whether he will -- To be involved he's he's he should be a lot and I think for years for the administration's.

Say he should be involved -- will be in law.

But this is debatable.

This is a big thing are we going to continue to spin spin spin.

Are in borrow borrow borrow that's what the debate's going to be about.

What leverage does the Republican Party have in this debate you you control one house of one branch of government there's only a limited number things you can do well there are a lot of things we can do in the -- that we can debate we do have.

45 senators if we stay together for the right reason and that is to say look.

This is the time we've got to say no unless we can get some cuts the president could have come to the table before he didn't.

The question is will he now probably he's going to have to.

That raises the question of of that the so called nuclear option and that some have suggested the majority leader might exercise.

This secession.

Are you fearful of that that certainly would eliminate your abilities debate a large degree well it would be it would be a concern it has been a concern it would change the senate rules.

Drastically.

It would make -- it more like the house with -- hope that.

-- Harry Reid are the majority leader will not push that I know he's been in negotiations.

With Mitch McConnell and other leaders to try to -- that -- come out of come up to some kind of workable reform short of that.

If he does that you've got to remember he's still have a house.

Senator Richard Shelby of Alabama thank you very much the common good -- here.

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