jack. why on the debt limit why on the debt limit won t the white house just tell the republicans, look, let s just increase the debt limit by the amount of take it would take to accommodate paul ryan s budget plan? you guys have passed that out of the house. it is going to add 5 or 6 trillion in debt. why wouldn t you guys just say okay, we will do that? we have made it clear that we believe that the debt limit is something that we are all going to have to deal with, responsible leaders in the congress have acknowledged about that it is going to be hard getting there importantly, we have parallel very significant conversations going on to focus on the real problem, which is reducing the deficit and getting our fiscal house in order. jack lew, director of the omb, we know this is tough work and appreciate you taking a few moments to share your thoughts and cop text with us. thanks very much. thank you, matt. we will bring back the panel and turn to our specialists after the b
Detailed text transcripts for TV channel - MSNBC - 20110525:20:23:15
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