reconstituting our leadership. juan: very quickly, lou, when it comes to the debt reduction talks, the president says he is now going to meet separately with mitch mcconnell the republican leader in the senate as well as with harry reid the senate minority leader the democrats leader. so far the republicans are saying no to any kind of tax increase including closing tax loopholes. so what kind of deal is possible here? there are a number of deals possible. but the first thing we have to find some serious adults who want to make something happen. what has to happen is we have to roll back the scale of government itself. we re not going to be able to do much on the immediate horizon of deficits. we are looking at 1.65 trillion this current fiscal year. but that that in the next year there should be a target of about half of that we should be looking toward reducing this deficit significantly within certainly the next five to 10 years. and if these two political parties can t com
a great place to begin is by reconstituting our leadership. juan: very quickly, lou, when it comes to the debt reduction talks, the president says he is now going to meet separately with mitch mcconnell the republican leader in the senate as well as with harry reid the senate minority leader the democrats leader. so far the republicans are saying no to any kind of tax increase including closing tax loopholes. so what kind of deal is possible here? there are a number of deals possible. but the first thing we have to find some serious adults who want to make something happen. what has to happen is we have to roll back the scale of government itself. we re not going to be able to do much on the immediate horizon of deficits. we are looking at 1.65 trillion this current fiscal year. but that that in the next year there should be a target of about half of that we should be looking toward reducing this deficit significantly within certainly the next five to 10 years. and if these tw
we need to reconstruct. a great place to begin is by reconstituting our leadership. juan: very quickly, lou, when it comes to the debt reduction talks, the president says he is now going to meet separately with mitch mcconnell the republican leader in the senate as well as with harry reid the senate minority leader the democrats leader. so far the republicans are saying no to any kind of tax increase including closing tax loopholes. so what kind of deal is possible here? there are a number of deals possible. but the first thing we have to find some serious adults who want to make something happen. what has to happen is we have to roll back the scale of government itself. we re not going to be able to do much on the immediate horizon of deficits. we are looking at 1.65 trillion this current fiscal year. but that that in the next year there should be a target of about half of that we should be looking toward reducing this deficit significantly within certainly the next five to 1
other than this country? let government provide certainty when it comes to business, something that is not happening now. we re not building new coal-fired plants right now. remove the carbon uncertainty. remove the potential of cap and trade legislation. perhaps you have hundreds of thousands of jobs right there, as an example. then balance the budget. we re on the verge of a financial collapse. that will be a bond market collapse. we re printing and borrowing money. at the rate of 43 cents on every dollar we re spending. the collapse will be due to the fact there is no repaying $14 trillion in debt when your deficit this year is $1.65 trillion this year, last year, years before and years going forward. gary johnson would submit a balanced budget for the year 2013. eric: you have to get democrats to go along with that. you talk about financial
well, you know, we re essentially one is, we have a $1.65 trillion budget deficit and congress should be looking in the couch cushions for every bit of spare change and not sending it back home. but two is, they invite this corruption into the process and i mean the small seat corruption where we pick winners and losers on the basis of political muscle rather than project merit. for instance, only members of the armed services committee actually got these projects. the rest of congress was not able to do it. picking the winners and losers. that s the thing. thanks so much, steve ellis, for coming in on the holiday weekend and i ll see you back in the nation s capital. the nation s chief executive offering comfort to tornado damaged joplin, missouri later today. president obama is expected to arrive shortly after 1:00 p.m. eastern. he s going to meet with tornado victims and deliver brief remarks at 3:00 eastern at a memorial service. his visit comes as the death toll rises now