for default, et cetera, and it was brilliant maneuvering by mcconnell. joining us now, jim more and, democrat from virginia. congressman, i watched you this morning, you didn t look happy about the deal. i m not, chris. i trust if you were here, you would have voted the same way. i think this is a bad deal. you know, the tea partiers put us into a straightjacket, but i think to some extent, the democrats tied the knot. in order to get through another short term crisis, we have really created a situation in the long term that s going to come back to haunt us. the real problem is the economy. we never cut ourselves out of recession. we have grown out of recession. i know the way you feel about this country. we tap the human resource potential, we will be fine and generate enough revenue to pay the debt. the problem is we will have no money for education, research,
i m not, chris. i trust if you were here, you would have voted the same way. i think this is a bad deal. you know, the tea partiers put us into a straightjacket, but i think to some extent, the democrats tied the knot. in order to get through another short term crisis, we have really created a situation in the long term that s going to come back to haunt us. the real problem is the economy. we never cut ourselves out of recession. we have grown out of recession. i know the way you feel about this country. we tap the human resource potential, we will be fine and generate enough revenue to pay the debt. the problem is we will have no money for education, research, development, for infrastructure investment. we have hundreds of billions of dollars of projects sitting there. that s my question.
momentum behind it, i stand here ready to do those things we need to do to cut spending in washington. every american knows that needs to be done. i just came from a meeting where all kind of options are looked at, depending what happens with this cut, cap and balance vote tomorrow but, look, this is serious issue. it s very important to americans. even if we were able to get past this debt ceiling vote, if we don t do something dramatic, the bond market will leave us. the markets are going to leave us because we haven t made those tough decisions. so . jenna: what are the ideas? you mentioned being in a meeting. what other ideas are being put on the table? well, i mean there are all kinds. the cut piece. what kind of major down payment, what kind of major down payment can we come up with to go ahead and reduce spending now? what kind of a straightjacket can we put in place to make sure that continues?
tomorrow but, look, this is serious issue. it s very important to americans. even if we were able to get past this debt ceiling vote, if we don t do something dramatic, the bond market will leave us. the markets are going to leave us because we haven t made those tough decisions. so . jenna: what are the ideas? you mentioned being in a meeting. what other ideas are being put on the table? well, i mean there are all kinds. the cut piece. what kind of major down payment, what kind of major down payment can we come up with to go ahead and reduce spending now? what kind of a straightjacket can we put in place to make sure that continues? if this, you know, i actually would rather see what the outcome is before i go to the third component but the point is, there are serious discussions by serious people who are trying to solve this problem and . jenna: those discussions now different than the discussions that have been happening over the last several weeks and
with us. and from new york, joe kline is with us. let s start with the 59. if you re john boehner and you know you have to vote in the coming weeks to raise the ability to borrow, the debt ceiling, if you know you re going to have to try to negotiate with the president a longer-term deficit reduction plan, the president wants tax increases. that 59 madonna cuffs, a straightjacket? what would we call it? probably both. what they had to deal with, they had to have 81 democrats vote yes. they needed 39, but the bottom line is they needed the democrats on this. anything that gets done is going to have to be bipartisan. maybe that is potentially a good thing if you look at the big picture. but it definitely makes it very difficult for the house speaker. i think it s a little more difficult, though, as you continue to go through these fights and the president gave a pretty partisan speech yesterday