we should raise taxes on people who make tons of money and people who have corporate jets and get rid of the oil company loop holes and raise taxes on millionaires and all that stuffer, and also, we should make growth adjustments in social security and capitate medicare, but that s the solution to the long-term solution to the problem, republicans are running scared, putting their political interests ahead of the country. that s going to hurt them terribly in november, i have to agree with you. i am frankly astonished the collapse of the leadership of the republican party. well, there is that theory that wall street has kind of backed republicans up against the wall and said okay, the game is over. you guys can t risk what we do for a living. you can t risk this entire economy, you can t risk the world economy with this game you re playing. i don t know what s gotten through with republicans in terms of coming up to the basic agreement with the president of yes, we do have to raise t
president those checks will go out on august 3rd? i cannot guarantee those checks go out on august 3rd if we haven t revolved the issue. speaker boehnor and senator mcconnell will no doubt at some point be desperately trying to convince republican members of congress that it will be great for their campaigns, great for the republican presidential campaign if president obama gets to raise the debt ceiling without doing any spending cuts at all. that the republicans will have tricked the president into the political suicide of not doing any medicare cuts, not cutting social security. but not doing any spending cuts was president obama s original position. on the debate stage in his reelection campaign, the president can say, i was in favor of doing the big deal, i was in favor of the $4 trillion in deficit reduction, but the republicans refused because they
the other party voted against them, but they made sure it passed as senator durbin explained last night. i didn t see how the republicans could go into reverse on this, but he does seem to have them on the run. in some ways it s the republican party doing this to their own leadership. last week i was actually praising speaker boehnor because he was actually talking about a grand compromise. tonight he s in full retreat. i think his speakership in some ways has collapsed, because he s just not able to deliver what has to be done for the country. and what has to be done for the country is there should be a grand bargain. we should raise taxes on people who make tons of money and people who have corporate jets and get rid of the oil company loop holes and raise taxes on millionaires and all that stuffer, and also, we should make growth adjustments in social security and capitate medicare, but that s the solution to the long-term solution to the problem,
just not able to deliver what has to be done for the country. and what has to be done for the country is there should be a grand bargain. we should raise taxes on people who make tons of money and people who have corporate jets and get rid of the oil company loop holes and raise taxes on millionaires and all that stuffer, and also, we should make growth adjustments in social security and capitate medicare, but that s the solution to the long-term solution to the problem, republicans are running scared, putting their political interests ahead of the country. that s going to hurt them terribly in november, i have to agree with you. i am frankly astonished the collapse of the leadership of the republican party. well, there is that theory that wall street has kind of backed republicans up against the wall and said okay, the game is over. you guys can t risk what we do for a living.
chris, those cuts came out of insurance companies. they didn t come out of seniors. right. the difference between obama s cuts and the republican cuts is the republican cuts come out of senior citizens pockets. the president s cuts came out of providers and insuranceรง companies. he actually made and the cbo agrees with this. he the president made medicare more sustainable because of health care reform. these guys hate medicare. they hate the welfare state. they hate social security. they hate anything that helps ordinary people. they are in the pay of corporations. that s who paid for their campaigns, and, of course, that s whose tune they are going to dance to. finally i want to get your sense what have you would like to see from the president tomorrow night when he lays this out because it seems like it s going to be an opportunity to set the agenda and move it off the conversation about the ryan budget. what we should do is we should find a way to capitate medicare