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-- much so here we go again the government has already come within 48 hours the shut down twice and now congress has until Friday to strike a deal.
Both parties -- saying they have a planned but who's to blame -- the government does shut down.
Senator Kay Bailey Hutchison ranking member of that commerce committee is joining me now from the great state of Texas thank you senator for joining us great to have you here.
Thank you voters imminent yes.
Great to have you voters in the last elections have a strong message to congress saying they wanted major changes and cuts in the budget.
Yet here we are dealing with yet another deadline in order to avoid a government shut down there are some -- who say.
If there aren't real substantive cuts go ahead and -- the government's close up.
Can either party really afford the political heat.
There is -- shut down.
I don't think either party wants to have a government -- there are so many consequences of that.
Veterans not getting there payments.
Our military not getting raises some mean they these are things that.
We need to deal where and we need to come to terms.
Having said that and it is very important that we show that we are going to cut.
Spending even this year even though we are in the middle of the fiscal year.
We need to cut spending.
And that is that that's the fight right now but we need to come to terms.
The big fight in my opinion -- is the debt ceiling.
We will not lift the debt ceiling without true reform that's going to do much more.
Then 33 billion dollars or sixty billion dollars we need to reform -- spending ways of Washington.
It remains a vexing problem in Tea Party members are crying out that the proposed spending cuts by the Democrats don't go far enough and there are reports that democratic senate leaders have told house speaker.
Don they -- there will be no compromise -- -- the Tea Party demands are -- now is that realistic at this point.
Well I don't think you can say anyone's demand should be ditched I think everyone needs to be heard and I think we all need to.
See the big picture.
The big picture is the debt ceiling we have got to do much more in cutting.
Then 33 billion dollars or 61 billion dollars we need to attack the real spending.
Which is in entitlements Franklin.
Well can you actually have real budget cuts and talk about the debt ceiling when you don't include health care cuts in this discussion.
Well you have to look at -- security you have to look at the costs of health care.
You know that the Obama health care plan that is going forward has huge increases in spending.
Cuts in Medicare.
And I think.
Stopping the implementation of the health care bill is one thing that we ought to be looking at to try to get these costs in line.
Everyone's insurance rates are going up in anticipation.
Of this plan.
And that's gonna stifle the growth in our economy so I think we need to be looking at a lot of different ways to.
Attack the entitlement spending and all of the -- discretionary spending that we can as well prioritize the spending that needs to be done.
Like investment spending investment and infrastructure investment in research.
But we cannot continues to have all of these programs that have been built up in the last two and four years.
Let's turn -- -- to the president's energy policy unveiled this week the American consumers' spending nearly 30% more these days for gasoline than a year ago.
At a time when the president just -- that policy he wants to cut US oil imports by a third within ten years -- given a gasoline prices.
And the continued unrest in the Middle East go on do you think he will be forced to expand domestic oil and gas production.
We must expand our oil and gas production and our country -- the only country in the world that has vast resources that we are not tapping.
And we will not be able to cut 13 of our imports without.
Developing our own resource -- I hope the president will follow those words with real action.
Because right now they are not permitting and that deep water in the Gulf of Mexico which is our second largest.
Alaska is our first largest opportunity and we are prohibited from most of the drilling in Alaska so we've got.
Capabilities -- the president will follow his words with action.
Reduce our imports and that's what is necessary for our economy.
Senator Hutchison thank you so much for joining us today with your insights we appreciate very much thank you.
Thank you can.
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