what do you expect will happen? well, i expect cut, cap and balance will pass the house of representatives, go to the senate an die. just about like everything else, that the republican house snendz to the senate these days and i know there are a lot of republican senators that support cut, cap and balance but there aren t enough in the senate to move the bill to the president. jamie: how critical is it to have a balanced budget amendment or don t we need it at all? well i think i ll leave that to the policymakers to decide. what i would tell you is that republicans, particularly the ones elected in 2010, feel like the government cannot control itself and so what they are demanding is the balanced budget amendment be sent to the state for ratification and the state could get it and reject it because you need 3/4 of the states to approve a constitutional amendment. i believe i have my math right there. and, so, i m not sure that it would matter ultimately, but, it is something tha
like to see passed, to deal with the debt crisis and i think those bills will obviously go nowhere because i don t think the democratic senate will send them to the president and if they did, i m not sure he d sign them and i think once we have votes that fail, it might put us on track to try something that could work, even though, right now, republicans and even a lot of democrats are skeptical about some of the plan bs, that have been talked about. namely, the mcconnell plan, which would put this onus for a debt increase on the president. right now, senator mcconnell and majority leader reid are working on a compromise to the mcconnell plan to include, i think a trillion to a trillion-and-a-half of spending cuts meant to entice house republicans to ultimately vote for the plan b, or as i call it a break-glass plan. jamie: cut, cap and balance is supposed to be introduced on the floor this week. what do you expect will happen? well, i expect cut, cap and balance will pass the hous