reduction. nothing could be further from the truth. in the past three decades the only thing that has worked in washington to get the spending under control is to tie debt spending to a limit. gramm-rudman. it is a tool that can and should be used. gretchen: he seems to think it has nothing to do with spending. what would be your counter to that? it has everything to do with spending. again, it s been the most effective tool to be used to try to get washington to finally begin to tighten its belt and do the right thing. if we don t, the country does become bankrupt. some would grew it already some would argue it already is, as we saw in that hbo hank paulson looked good. gretchen: he wasn t playing himself. unfortunately we re out of time, but this discussion could go on and on. the american people want us to deal with this issue,
right? and those are calling for very big defense cuts which i imagine to the seven members who look to getting money from the defense contractorrors that is a catch 22. guest: i have been in washington long enough to remember the gramm-rudman triggers that congress found a way around. congress always find as way around especially a limit or ceiling or trigger that congress credited. they will find a way around this, too. neil: they can create. they can uncreate. well put, thank you very much. stay tuned.
says let me repeat a. tuesday a guy speaking on behalf of 114 democrats says let me repeat a. greta: the republicans are sitting there watching. that s why i wrote the column. i think the republicans need to get ahead of this it will help them win the public opinion war. american people don t want to pass a clean debt ceiling. they don t want a blank cheque for more of what we ve seen over the last two years. president obama has increased discretionary domestic spending by 84%. here s the deal, put a reasonable effort out there we had gramm-rudman a bipartisan effort to restrain spending during the 80s it worked. we ought to look at spending and deficit caps and put them into practice during the debt ceiling vote as part of the debt ceiling vote so the american people have confidence and the markets can have confidence we are serious
[captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] white house spokesman robert gibbs will hold a briefing today. he ll lightly touch on the recent departure of chief of staff rahm emmanuel, we ll have that live for you at 1:00 p.m. eastern. here on c-span. later we ll have more campaign 2010 coverage for you with a debate between candidates hoping to replace retired republican senator voinovich. also here on c-span. our coverage of campaign 2010 will continue at 8:00 with three more debates. first the race to be the next congressman from new hampshire s first district. an hour later the focus is on the oregon governor s race. and finally we ll show you a debate between the candidates for connecticut s next senator replacing christopher dodd. the c-span networks, it provides coverage of politics, public affairs, nonfiction books, and american history. it s all available to you on television, radio, online, and on
says let me repeat a. tuesday a guy speaking on behalf of 114 democrats says let me repeat a. greta: the republicans are sitting there watching. that s why i wrote the column. i think the republicans need to get ahead of this it will help them win the public opinion war. american people don t want to pass a clean debt ceiling. they don t want a blank cheque for more of what we ve seen over the last two years. president obama has increased discretionary domestic spending by 84%. here s the deal, put a reasonable effort out there we had gramm-rudman a bipartisan effort to restrain spending during the 80s it worked. we ought to look at spending and deficit caps and put them into practice during the debt ceiling vote as part of the debt ceiling vote so the american people have confidence and the markets can have confidence we are serious about getting this deficit