but i think they would have to be more realistic and come forward with a better plan and quickly. because we do not need to not raise the debt ceiling at least for a temporary base base. greta: have you heard or had any conversations, harry reid has he said anything to the republican leadership in the senate? yes, they are talking. there s no doubt about that senator reid and senator mcconnell talk on a regular basis. it appears sunday night they had an an game greta: what happened? they went to the they had an agreement. greta: what happened? they went to the white house and the president said no. greta: why? he didn t want this debt limit increase he wanted a bigger amount to take him past the next election. i don t see if there is anything wrong if we can achieve a significant reduction in our debt experts tell us we need to
but i think they would have to be more realistic and come forward with a better plan and quickly. because we do not need to not raise the debt ceiling at least for a temporary base base. greta: have you heard or had any conversations, harry reid has he said anything to the republican leadership in the senate? yes, they are talking. there s no doubt about that senator reid and senator mcconnell talk on a regular basis. it appears sunday night they had an an game greta: what happened? they went to the they had an agreement. greta: what happened? they went to the white house and the president said no. greta: why? he didn t want this debt limit increase he wanted a bigger amount to take him past the next election. i don t see if there is anything wrong if we can achieve a significant reduction in our debt experts tell us we need to
plan which is why it is so important. i was one who said months earlier, we can sustain two votes in the house. let s get all the cuts down now. the president said no, we need to raise taxes instead. we came back and said fine let s do this in mentally. we are going to insist that we do this incrementally. we are going to insist that we not increase without sufficient cuts. we don t want to give you a blank cheque. greta: what does he said when you say things like to him? he gets agitated. greta: i don t think he s wild about you now. i think we have a professional cordial relationship. again, i ve been through this before with the president when we were discussing the stimulus bill. the president doesn t like people who differ with him on policy grounds. i saw that in the white house. we come from different world
now down on the other end of pennsylvania avenue, the white house is still trying to deal themselves back into the conversation. monday of course it was the president. now look at tuesday s blitz. all on tv tuesday pushing compromise trying to get something done. but they re not at the center of the talks. behind the scenes, white house officials are essentially working through and with senate majority leader harry reid to shape a deal. he s the proxy here. now yesterday they did issue a veto threat on the john boehner plan. but that is it, the boehner thing would be as it when it got to the president s desk. the real news of yesterday as the day wore on is lots of whispers that the likelihood of some sort of ten, 20 or 30-day extension, and look at the history of debt ceiling, there s actually been a few very, very short extensions to buy more
experts tell us we need to reduce spending by four trillion at a minimum over 10 years. this plan would only reduce it by one. this cannot be a long term solution. it can own be an interim solution to get us past this august 2nd, date. greta: many republicans are critical of the president because he wants to go k past the 2012 election and they say he s doing it for political, selfish reasons. the president says he wants to stabilize the market, give certainty to the business community so we are not constantly wrangling over this how do we know which is which? if he wants to do a long term plannd not come back at it. then he s got to talk in terms of four trillion dollar reduction in spending. he s leaked and said i ve got three trillion. let s see your three trillion. greta: does he have a plan? harry reid said he has three trillion. we examined it carefully, it is only one. so the president doesn t have