hours. today is monday, no progress has been made. joining me with analysis author of revolt dick morris. how are you? good to be here. i m in missouri, the country music capital of the world. sean: tony orlando s home. boehner has scheduled a vote. the president has been fear-mongering, scaring seniors, demagoguing the issue. even warren buffet is upset about the class warfare, private jets. boehner scheduled a vote on cutting 111 billion now for 2012. cutting serious cuts. capping spending. and a balanced budget amendment. i think strategically, this is what the republicans need to do. they have one house. they don t have the senate. now put the onus on the president and put them on record where they stand. is this a good strategy, in your view? it is half of a good strategy. the other half is they should
reports now indicate that congress is considering only two plans to raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless, the other, a last resort plan in which each side can claim some sort of victory. today, the president issued a rare obama veto threat against the stunt house republicans are calling the cut, cap, and balance act of 2011. it would cut fiscal 2012 spending by $111 billion, cap future federal spending at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax
hours. today is monday, no progress has been made. joining me with analysis author of revolt dick morris. how are you? good to be here. i m in missouri, the country music capital of the world. sean: tony orlando s home. boehner has scheduled a vote. the president has been fear-mongering, scaring seniors, demagoguing the issue. even warren buffet is upset about the class warfare, private jets. boehner scheduled a vote on cutting 111 billion now for 2012. cutting serious cuts. capping spending. and a balanced budget amendment. i think strategically, this is what the republicans need to do. they have one house. they don t have the senate. now put the onus on the president and put them on record where they stand. is this a good strategy, in your view? it is half of a good strategy. the other half is they should
raise the debt ceiling this week. one, a hopeless stunt that everyone knows is hopeless. the other is a last resort plan in which each side claims some sort of victory. today the president issued a rare obama veto threat against the stunt. house republicansle call it the kupt, cap and balance act of 2011. it would cus spending by $111 billion, cap future federal spends at a fixed percentage of gdp, require congress to pass a balanced budget amendment and send that amendment to the states for ratification before granting the president authority to raise the debt ceiling to $2.4 trillion. the balanced budget amendment would also include a provision that any tax increase, any tax increase must pass both chambers of congress with a two thirds
ceiling unless we pass a balanced budget amendment. right. that is that, chris i know you want to get away from this, that s the key aspect of this plan. and unlike you, i m pretty optimistic. i think we ve got a great chance a great chance to pass a balanced budget amendment, chris, ow both the house and the senate this year, and send it to the states. okay. let me just ask you three questions. the bill you re going to vote, you re going to vote for this bill today. try one at a tinchts all right. i can t get the first answer. yes, i m going to vote for this bill. why doesn t it name the cuts? it calls for $111 billion in cuts. where? again, in the bill chris. where are the cuts? in the bill. in non-defense discretionary spends. what s that? $111 billion. you fwlee that is. you want to harp on this. i m telling you for the first time, where s the president, chris matthews? where s the democrats plan? you know, you re criticizing