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Transcripts for CNN The Lead With Jake Tapper 20131014 20:12:00

i think the one thing i cannot accept and the one thing that i think is really not even a compromise at all is the democrats want to exceed the sequester caps. so where are we on that issue, sequester caps? harry reid as you know when he and john boehner entered into that agreement that boehner wasn t able to hold up in september, had agreed to the lower level of funding. now it sounds as though democrats are pushing for the higher level. where do you think we re going to land on this? you know, i think it s hard to know exactly but my guess is we stay with the budget control act of 2011 and stay with those numbers. i think there s very strong feeling on the republican side not to affect that. now, i would say the budget control act of 2011 was a compromise. you know, people say we re not compromising. hey, that was a big compromise back in 2011. neither side was overly happy with that, but that s what we got and that s how we got sequester. but the truth is, if you look at it, i

Detailed text transcripts for TV channel - FOXNEWS - 20131014:14:18:00

no major spending reforms attached is also pie in the sky, so at the moment i don t know what there is for them to talk about unless the two of them privately can come up with some other formula. martha: it feels like we started off at, you know, one place with ted cruz trying to defund obamacare and the democrats completely dug in that that was never going to happen or that wasn t a possibility, and then they had to back pedal and figure out, well, what are we going to fight for now? what are we going to can ask for now? you know, when i was listening to the panel on fox news sunday with chris wallace, basically, kim was saying, look, what people are looking for is some kind of down the road financial stability plan, and paul ryan talked about it over the weekend as well. and it feels like that gets lost in the middle of all of this. well, yeah. i mean, what paul ryan was hoping to do was to use the debt limit deadline as a way to do a larger deal on, in which the sequester caps wou

Detailed text transcripts for TV channel - FOXNEWS - 20131014:10:10:00

time since the korean war. we re not budging on this. here is senator rand paul on the sequester versus obamacare. i think the one thing i cannot accept and the one thing sing really not even the one thing i think is not a compromise at all is democrats want to exceed sequester caps, things we put into law to restrain spending. they are about obamacare being the law of the land but so is the sequester. the sequester is the law of the land and if we exceed that it is a big step in the wrong direction. want to unite republicans, throw out sequester. anybody who is a moderator or tea party, they all agree let s not get back to where we started in order to give the president what he wanted. another overreach. if you thought the house was an overreach in trying to fund obamacare, this is an example of a democratic overreach. they are at loggerheads

Detailed text transcripts for TV channel - FOXNEWS - 20131014:06:24:00

we keep spending more money than we have. if we continue to do that, we re going to make it difficult for our kids and grandkids, for future generations to enjoy this amazing thing we call america. answer my direct question. are you prepared to make a deal and let it go past thursday. you should be asking harry reid and barack obama this. if they were here, i would. i m asking you. we are prepared to do what needs to be done to address the underlying problems in this country. but you won t raise the debt limit if it doesn t do that? we re not going to break the sequester caps. that s one thing where we save the american taxpayers some money. we think that s important achievement. unless we kind the mandatory changes, long-term changes in mandatory spending that put us on a path to balance and address the underlying problem. you can t keep raising the limit on a credit card if you re not going to address the problem long term.

Detailed text transcripts for TV channel - FOXNEWS - 20131014:22:44:00

automatic cuts next year would kick in. and so the republicans have to be giving up the hammer in which had they pass and would they pass right now a year-long c.r., they would be the ones in control of the cuts and obama would have to be the ones who undoes them, and they are giving away the hammer, and with with the debt creeling that is the trump card, obama cannot allow it, they are extending all of the way to february, which if you make it short, you will force the president into negotiating. and now, listen to senator rand paul talking about the big picture here. to me, there is a big picture problem with the $17 trillion debt and borrowing more than $1 million a minute, and we have to address that. the one thing that i cannot accept and the one thing they think that is really not even a compromise at all is that the democrats want to exceed the sequester caps and the things that we put in law to restrain the spending already, and it is

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