people read what they say the rating ages and i read the latest reports both put them out and you can read them online they are not saying they want a deal, they want an agreement to deal with this humungous debt that is is being created. and the cut, cap and balance amendment is the most moderate balanced approach. we are only talking about cutting a few hundred billion the first year but they are putting in place a mechanism that gradually starts retiring debt, gradually starts slowing spending, but it is portrayed as some extreme right wing thing by the people who have driven us to the edge of the cliff. you are saying the fear tactic, we miss august 2nd and suddenly it is insolvency and default and say the president deliberately makes bad on some the social security checks and does not pay them out open the 3rd or the 4th, that ain t real, ain t happening?
balanced approach. we are only talking about cutting a few hundred billion the first year but they are putting in place a mechanism that gradually starts retiring debt, gradually starts slowing spending, but it is portrayed as some extreme right wing thing by the people who have driven us to the edge of the cliff. you are saying the fear tactic, we miss august 2nd and suddenly it is insolvency and default and say the president deliberately makes bad on some the social security checks and does not pay them out open the 3rd or the 4th, that ain t real, ain t happening? guest: i have been talking about there for two weeks and no one has disproven this $29 billion interest to service the debt. we bring in $200 billion. interesting they keep raising the 14th amendment and the president has no choice but to pay that. come august 2nd and 3rd and then he makes decision, he can decide
pay unemployment insurance through taxes, so they re going to have to pay even more taxes in the future. you re basically robbing peter to pay paul. you know, we re worried about our federal government deficit, correct? i mean, you are basically increasing that deficit or marginally increasing that deficit by doing this. that s why these measures never work. i mean, listen, if you want to handle this situation right, look at what chris christie s doing. he s not raising taxes, he s taking it to the unions and the special interests saying, listen, our state cannot exist if you guys don t make, don t give; don t chip in and give back some of the perks you ve gotten over the years. doing this just makes a bad situation worse in the long run. jenna: charlie, you just wrote on this, there s so many speculations or still a lot of speculation about states going bankrupt it ain t happening. jenna: you don t think it s happening? you know, i think it s a fear tactic. the left is using it
the money is, it calls into question where that money comes from. isn t it striking that an administration that passed health care reform, massive stimulus to try to grow the economy is in, its, using a fear tactic, talking about karl rove, chamber of commerce and secret money into the campaign? it s just the facts. karl rove, who believed quite frankly that the 2004 race had potential to derail our democracy before he started running a group that we now both agree, i think, has a chance to derail democracy. they spent $50 million. chamber is spending $50 million. if you add it up, it s $399 million. nobody knows who those donors are or what their political agenda is. what do they want from the next senator or in the next congressman? $400 million injected into this political campaign. is this more smoke than fact? absolutely not. we could know all the facts by simply having karl rove and
ads. i have to say, david, it s a pretty easy political solution to show the american people where the money is coming from. since it s been a week and a half, two weeks in this debate and they haven t shown you where the money is, it calls into question where that money comes from. isn t it striking to you that, robert, an administration that passed health care reform, massive stimulus to try to grow the economy is in, itself, using a fear tactic couple weeks before the election, talking about karl rove, chamber of commerce and secret money into the campaign? it s just the facts. karl rove, who believed quite frankly, that outside money in the 2004 race had the potential to derail our democracy before he started running a group that i think we now both agree has a chance to derail democracy. karl rove is spending $50 million. chamber is spending $50 million. if you add it up, it s $399 million. nobody knows who those donors