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Fiscal battle still looming ahead?

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    Rep. Van Hollen, Rep. Jordan weigh in

  • Duration 15:18
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And hello again from Fox News in Washington after sidestepping the fiscal cliff the country now faces an economic triple threat of even greater scale.

At stake automatic spending cuts government funding in the full faith and credit of the United States.

But Bruce is still fresh from the last dust up early jabs are already fly joining me now to talk about this are two influential members of congress Democrat Chris van Holland and Republican Jim Jordan.

Welcome to you -- we were talking before the program started Mitch McConnell the Senate Minority Leader -- -- few minutes ago on another Sunday morning program revenue piece of this is done.

No more taxes the president wants more taxes he wants to close some loopholes limit deductions Chris van -- how is this fight going to -- -- as we go forward.

Well if -- Mitch McConnell is gonna draw that line in the sand it's going to be a recipe for more gridlock we have to take it balanced approach to long term deficit reduction meaning additional cuts.

And remember last year the president signed into law more than one point five trillion dollars in cuts a 100% cuts.

As a result of avoiding the fiscal cliff we raised about 730 billion dollars in revenue from very high -- com.

Individuals as we go forward we need to adopt the same framework as the bipartisan Simpson Bowles commission meeting a combination.

Of cuts and revenue remember during the campaign when.

There that you know you -- -- Republican candidate and and Paul Ryan talking about all those tax breaks and loopholes in the tax code that disproportionately benefit very wealthy people.

Guess what.

They're still there so through tax reform we can raise more revenue matched by additional cuts to address the sequester issue.

In the long term debt charge for Georgia by the argument now because the cuts that Chris reference -- cuts that haven't had yet to happen they're all scheduled for the out years and is congress typically doesn't settle.

Give us the revenue now and we promise we promise we'll get the -- that is exactly what this fiscal cliff -- what they are revenue now.

No cuts and intercept the same old same and I I tell folks back home all the time.

Remember this is promises from politicians is not promised from your parents from your pastor from your -- this is politicians at all.

Give us some revenue we promise we'll get to this balanced approach later we promise we'll cut spending later -- Mitch McConnell exactly right.

If they're gonna go after that they just got revenue we've got to cut spending -- sixteen trillion dollar debt to credit cards maxed out we got to cut spending so he's exactly right let's focus on the problem which is.

This government can't control spending we got to get control of it so -- -- have a -- Each apartment in Holland who I spoke at length during the the campaign when -- the president's point person on on the budget.

And he repeatedly stated -- descended again this morning.

Simpson Bowles Simpson Bowles that is the model you gotta have revenue and you've got to have spending cuts it's right what we've got the -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- On top of that they raised over a trillion dollars in revenue.

Combined with cuts so yes we have to do more cuts and the president's been very clear he put on the table one point two trillion dollars and cut proposal.

Combined with one point two -- -- revenue.

The only reason we were be able to go forward with that was the you have house Republicans.

Deciding not to -- speaker Boehner.

In that balanced approach and and frankly that is a danger going forward the danger going forward is that.

House Republican Caucus will continue to refuse to take a balanced approach and and that's gonna -- the entire process.

Others injured going for record to many people is how far you push.

This spending debate into the debt ceiling -- when you go past here's what the president said about that on Tuesday -- If congress refuses to give the United States government the ability to pay these bills on time.

The consequences for the entire global economy would be catastrophic.

Far worse than the impact.

For the fiscal Clinton congressman Jordan back in 2011 when we had this debate you -- you advocated going past the debt ceiling deadline saying it wouldn't be such a bad thing would you advocate well I.

In the advocated a solution not a deal what we always get Washington's a deal when Americans want is solutions no one of the president doesn't want to debate this because if I'd been the president -- states and presided over.

The four highest annual deficits in American history a five trillion dollar increase in the national debt I would want to talk about the issue either but let's let's look at the facts.

Since the debt ceiling -- past sixteen months ago.

The day after it past -- we got a downgrade from S&P first time in American history week after past the market dropped thirteen hundred points.

The super committee which Chris voted for and some -- members voted for fell apart like we all thought it would and the scheduled cuts.

The only scheduled cuts that were supposed to take place we just suspend them five days ago in the fiscal cliff deal we've yet to cut one dime.

From the last debt ceiling agreement and now here it is time to do it again so.

This is we got to stop the madness I mean this is big this is the.

Eighteen year old kid on a credit card in -- -- the credit card.

Instead of cut it up and put him on a budget Barack Obama says give us some new credit card and oh by the way Harry Reid you don't have to pass a budget three years and this is craze -- would you support this year.

Letting the debt ceiling deadline -- what I won't support is not dealing with the problem American sinister to deal with the problem if you -- -- keep given government more -- this whole what the way this town works this fiscal -- deal.

The only winners in this fiscal -- deal -- Washington they got more money the folks I've represented -- fourth district of Ohio.

They they that they lost -- small business owners had money taken from.

Washington always wins the politicians that consults the folks here always -- fact.

Ten of -- seven of the ten wealthiest counties in this country.

Are in the DC area in fact mr.

van Holland represents -- does this area always win it's regular Americans who lose and it's about time.

We said stop this madness cut up the credit card.

We want -- solution not another Washington deal which helped.

DC local -- a couple points John first of all.

The sequester it was not kicked down the road it was replaced for two months with a combination of cuts postpone until now postpone it means less likely is -- don't risk -- you gotta get your facts straight we had twenty we can forget we have 24 billion dollars in deficit reduction.

Half -- that was cuts half of revenue not nearly enough but the idea is the -- the model going forward.

Is to continue to do a balanced approach of cuts and revenue number two.

What America got was we didn't go over the fiscal -- I mean I know you voted to go over the fiscal cliff -- -- terrorist -- -- anyone -- with because you didn't -- -- ask people making a million dollars a year that he's not every single person -- haven't -- and it's going -- the president has stopped -- what you guys as united as we wanted to -- read what -- lot of and one -- what we said was that we need to take a balanced approach that very high income -- need to contribute a little more to reducing our deficit.

Because otherwise folks on Medicaid.

And Medicare.

Who were burning 22000 dollars year.

Median income we get wallet I -- you want a wallop them to protect the millionaire zone but but going forward -- trial went forward on the debt ceiling but Newt Gingrich had it right on Friday when he said it was a dead loser for Republicans to threaten to tank the United States economy.

By refusing to pay our own bills this is not about future payments this is about paying bills already due and -- this is like.

We get up 1 morning say we're not gonna pay.

Our mortgage that is reckless.

An irresponsible and the reason that's not credible -- it's kind of the madman theory due to negotiations right.

Give us what we want is what Republicans senators -- or we're gonna tank he and United States -- economy that's reckless and it's irresponsible and we won't do it.

What's reckless is not addressed the problem but we -- let's look at the way that this may unfold the president says if this is tied to the debt ceiling this is not the discussion that I'm going to have a speaker Boehner said it's absolutely discussion you and -- fact that we talked about raising the debt -- we want an equal offset equal or greater offset.

In taxes and and and other cuts.

And isn't it people.

Or greater asset -- -- rather spend it right -- and other cuts Mitch McConnell said the other day Mr.

President this is an argument you would have muscles and what he's.

Now that he has the tax rates he wants.

His calls for balance.

-- he needs to join us.

Any effort to achieve.

Meaningful.

Spending reform.

President I -- have this debate but it's the one he's -- because the country needs it.

So that does the country need this today and we we -- two years ago we went from fourteen to sixteen trillion dollar -- and everybody said how horrible that one.

Now we're talking about going from sixteen to eighteen -- Not only take sister 4014 at which what we're going to be talking about going to twenty trillion dollars so a lot of people rightly ask and I think when does this stop.

Yeah when his madness stop that -- -- of now needs a debate we need we need to solve the problem.

We need to I think.

I think what you'll see from the house side is.

We'll put forward a plan -- -- of him to present if you wanna increase the borrowing authority in this country here is a menu of of options where you can reduce spending on an equal or greater amount.

You tell us Mr.

President you've been afraid to put together budget Harry -- hasn't passed a budget three years you tell us for change where you think it's appropriate that we reduce spending because that's what has to happen if we're gonna solve this problem.

That's the adult responsible discipline thing to do and frankly -- what the American people are looking for us to do let's do it for a change instead of just saying well.

Give us more revenue we promise we'll cuts -- later give us more borrowing authority -- -- the credit come -- we promise we'll 'cause this is the old up.

You that this is that the Lucy Charlie Brown the football American -- and we are tired we're not gonna try to take it this time because you guys you always screw it up.

Let's do the right thing was actually solve this problem put this country on a path to getting to balance so that we can go have a growing economy -- things we want to see happen.

Do do do do.

The president's -- need to be held -- fire here.

-- -- blog -- thought it was the -- the president has already put on the table a plan for another one point two trillion dollars in spending cuts.

They walked away from that proposal why because Jimmy his colleagues didn't want to ask people who burned over a million dollars a year to pay a little bit more so.

The president is that and the president's budget contains significant.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Do we need to do something.

To get our deficits and debt under control yes of course we do and we need to -- -- -- -- -- we need yes you need to cut spending.

You also need to take the balanced approach we started talking about Simpson do you support the pistons and -- framework job Chris and -- -- not religious kind of -- that's kind of tax revenue you know -- I support the spending reduction on that because you just got the taxpayer and no match.

Actually -- I heard actually.

Yeah well you gotta have your look we already get one point five trillion dollars in cuts last year we need to do.

No more cuts on the topic -- -- -- -- spending going forward we caps spending.

Going to so nothing's happened so you heard his answer he wants to take half of the Simpson Bowles recommendation he wants to take just the cuts.

Every bipartisan only really don't -- -- part of that the point in concept.

As if you're Gephardt Kerry Gephardt coming -- now I have learned that this could materially she -- part of the tax -- and we got part of the sense we help one point five trillion dollars in spending cuts a class -- you're eating -- spending that's true reaction well I submitted -- discussion -- -- is any indication of how the next eight weeks -- -- -- -- opportunity to decide how we should become a fact free zone that's the problem.

Let let me shift gears for a second -- gun control that's going to be a big issue on the president's agenda in the next year ten bills were introduced in the house.

On Thursday on gun control one of the big ones interest -- Carolyn McCarthy of New York everyone remembers her husband was killed.

Long Island railroad shooting limiting the capacity magazines to ten rounds but.

When you look at the language of all of those bills -- these all came out with the new attention would anything in any one of those have prevented action.

Mark my view is we need to take a comprehensive approach to gun safety issues that means looking at school security means look at mental health situation it does mean looking at sensible.

Gun control why should congress talking about that what we are wise and -- we are contraction actually actually having university and bills introduced are all -- -- having universal background checks so people who have criminal records and who have been found how we're -- -- -- -- from stealing his -- you know look.

-- hear the argument against gun safety provisions as always because it doesn't solve everything we should we shouldn't do anything I don't subscribe to that I believe we need a comprehensive approach we need to look at all the different elements here.

And just because you -- -- a particular effort won't prevent something in of one particular incident.

Doesn't mean you shouldn't do anything that might help in other incidents right now right now.

You can be on the terrorist watch list you can.

Be prevented from boarding the airplane.

But you can go down the street and by semiautomatic assault weapon that -- doesn't make sense -- who wasn't on anyone's radar screen except for his parents' radar screen and his doctors were so how does how -- gun control -- that.

I don't think it -- -- look every.

Every American's heart was broken when the solid happen there and in Connecticut.

But.

More restrictions on law abiding citizens is not gonna prevent this kind of -- -- we gotta remember the Second Amendment.

Is about freedom and and that's what we have folks on the move forward if there's if there's ways outside of -- -- that we can we can help address the situation fine but.

-- -- remember it's about it's about freedom and and frankly you got to remember that.

That bad guys aren't stupid they're just bad they're gonna figure out a way if they're if they're intent on doing something bad they're gonna -- a way to get a -- using.

I don't know if -- -- Charles Krauthammer and what I thought was a very well thought out opinion piece that its its multi factor or its guns it's mental health it's society you know he was a psychiatrist who back when he was practicing.

Had -- far easier time of committing somebody who thought was potentially violent -- you can do now.

Who -- the Republicans on committing people who were mentally.

Well and did he -- certainly -- won't look at that -- you don't want someone with a little analysts getting I'm getting a firearm but what I what I don't wanna do is restrict law abiding citizens from.

From their Second Amendment Rights which are folks on freedom -- point out all the time remember.

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