he doesn t need someone happeneding him cards about what the talking points are. he really i think feels very positive about this deal and was ready to make the case to us. i think the members had great questions about the nature of the snap back sanctions whether there should be something short of snacking back all the sanctions, issues about how we could counter iran s use of greater resources, as well as what would happen after the 15-year period expires. i think for all of us in that room who are still undecided, it was helpful to get the president s perspective quite directly. we re hearing from other experts as well to inform our decision by i thought it was a very useful session. while you were with the president of course the hearing was going on in the senate. i wanted to play a little bit of foreign relations chash man bob corker s concerns about the ieae and the inspection regime. we don t even have a copy of the agreement to ascertain on behalf of the american people wh
own panel? that is a democrat s plan. not the democratic plan. six democrats are on this committee and though i i have a great deal of admiration for all of them, democrats have no not coalesced around a plan. chris: isn t that a problem ten days out that the democrats don t have a plan? republicans don t have a plan. we re there to develop a bipartisan plan. that s why it s 6-6. i believe we can get to a bipartisan plan. we ve got to get realistic about these so-called tax increases. how do you define the close of a loophole as a tax increase is beyond me. if you have someone who is supposed to be paying 30, 35% in taxes yet can find loop hopes not to pay anything and say it s
chris: go ahead, sir. we ought to go to a big deal. that way we could do enough job creation in a resolution that would allow us to do some i call surgical fix to say entitlements. i would love to see us put together a deal that increases the possibility of a 75 year solvency for social security. you cannot do that with a little deal. you have to have a big deal to do that. chris: let s talk about the democratic plan. not specifically yours but the plan on the table. it offers $1 in spending cuts for every $1 in revenue increases. now, the bowl simpson commission offered a 3-1 ratio. $3 in spending cuts for every $1 in revenue increases. isn t the deal on the table now much less attractive to republicans than the president s
we have time but no time to waste. i stayed here this weekend as most of my colleagues did to continue the various discussions. it s important we be successful and i intent to work as hard as i can. where are the talks right now? it s at a difficult point. i think we ve got a ways to go. but i hope we can close that gap quickly. chris: again, before we get to your plan, what are the stakes? if you fail to make a deal, if november 23rd the super committee comes up empty and the automatic triggers come in, what do you think the impact is on the markets, the economy and u.s. credit rating? there will be further erosion in what little confidence remains of our federal government. this has a dysfunctional senate for the year i ve been in office and this is an attempt to make important progress. it would only being the first of what needs to be many steps because we ve dug a deep hole.
chris: go ahead, sir. we ought to go to a big deal. that way we could do enough job creation in a resolution that would allow us to do some i call surgical fix to say entitlements. i would love to see us put together a deal that increases the possibility of a 75 year solvency for social security. you cannot do that with a little deal. you have to have a big deal to do that. chris: let s talk about the democratic plan. not specifically yours but the plan on the table. it offers $1 in spending cuts for every $1 in revenue increases. now, the bowl simpson commission offered a 3-1 ratio. $3 in spending cuts for every $1 in revenue increases. isn t the deal on the table now much less attractive to republicans than the president s