it s about saying what is more important, re-election or our country. everyone who is signing this letter is willing to do that. this is a huge problem we have to deal witness. we have to put our country first. bill: if this fails do you blame republicans like senator shaoeurpl? it s very important to read the letter. he actually agrees with schumer more than he s admitting on television here. it s important that we not fight over thaoeurbs use, that we encourage a bold solution and a bold solution will really have everything on the table. it should be a balanced approach with everything on the table. we ve got to come up with something, and there are only a few days left, otherwise the country will suffer. let s put our partisanship aside, focus on the real issues. it should be spending cuts that are huge and predominant and also some revenues. we can do this. we must do this and we only have until november 23rd to get it done. bill: mr. grim do you want to respond to that? where
bill: are democrats squeezing you to raise taxes? i don t want to get into the specifics too much, but i will acknowledge, there s a big fundamental divide. my democratic colleagues in congress, generally, and in particular, want much, much higher taxes and more in tax revenue, and myself and my colleagues think that the problem is overspending and that that s what we ve got to deal with, so that is certainly the fundamental divide. bill: would they meet you half way if you reformed the tax code instead? i don t again, we ve got an obligation to each other not to get too specific, but i can tell you i have said publicly and privately that the key to a success here is reforming the tax code, so that we can have strong economic growth, lower marginal rates, that generates the revenue that my friends on the other side of the aisle are so insistent upon and it generates the economic growth that i m insistent upon, so i think that s the sweet spot of finding an agreement. bill: there
enterprise system. by the way, this company, the russian company, the russian multi billionaire who owns it, they have access to all the capital in the world, they can borrow money very affordably but perhaps not as affordably as this deal because we d be subsidizing them with artificially low interest rates. bill: why not give that money to a steel company in pennsylvania? well, i m not in favor of taxpayers giving out bill: what happened to buy american? i m not in favor of taxpayers giving out money to private businesses. they need to learn to survive or fail on their own. but we certainly shouldn t be giving it to a giant russian steel company. this makes no sense. bill: some say it s worse than solyndra. are you in that category? yeah, i think they re both indefensible but this one is particularly offensive when you consider that it s the super wealthy russian individual and company that s going to get a taxpayer-subsidized loan and a taxpayer is on the hook for this 3/4
out of our district over sb 1070. it is kind of disappointing. good people can disagree but this was brought about by the extreme far left with some republicans joining. two republicans in this race. one endorsed by the democrats, you know. and then me, who is endorsed by the republicans. it was republican nominee. there is no primary. this is going around the back door. we have primaries for a reason. so the party can nominate their candidate to stand election. that is not what is happening here. this is lot of money. moveon.org, seiu, afl-cio, tons of money coming in the back door to my opponent, a republican taking that kind of money. outrageous us. bill: do you win today? do you survive or not? it will be very close because he has all the democrats voting for him. actually, not all, reagan democrats are voting for me. democrats voting for him. doesn t take a lot of
to continue to go up much faster than the rate of inflation. bill: but is it 8 billion now and 8 billion in the future for a total of $16 billion? what s the bottom line? absolutely. right. the $8 billion hole in the state budget, we balanced, we balanced this budget without tax increases, and made that go but going forward we know if they don t if we don t do reforms we re not going to keep it going and in ohio districts school districts alone, there s an oonts paitd $7.9 billion hole that they re going to have to balance and they re going to have to balance largely because there s no more money at the state with local resources. and that s an awful lot of levees. there are personnel the personnel costs are estimated to be 95 percent of their operating cost during that same time period. that becomes unsustainable. the target in ohio is no more than 80 percent. that s the problem we keep seeing. we ve got to reign this in. bill i have a minute left