economics in the united states saying we should drill, get the deficit down, quick being so broke because that is the source of our declining influence. is that your point? guest: yes, yes, the fault is not in our stars but ourselves. this is not inevitable, we are making bad policy decisions. if we don t drill we will be more dependent on the saudis if we over borrow we are dependent on the chinese so it is difficult to have a lot of freedom in foreign policy and difficult for us. the saudi are not treating us with respect, and we are not treating ourselves with respect with a non-assertive foreign policy. good point. is this a function of our domestic economic problems here in the united states? or is it a funding of some problem with president obama s stand toward other nations, and his foreign policy? guest: on the foreign policy side it is the president moving
megyn: what will that take? i think the polls show that 70% of the people want something done about the debt or the deficit, but the same number says, don t touch social security or medicare. they want something done, but don t want it done to them. yeah. courage is standing up and doing the right thing, even if it costs you. if our politicians will get off their high horse and recognize doing the right thing to save the country to get the deficit down, because it s very dangerous right now, is important there their survivability as a politician and they can join us back in the private sector. doing the right thing is coring a and our leadership doesn t have that courage. we know it s more important than their survivability, but their survivability comes number one, for every republican, every democrat and the white house i have to stay in power. that s my first job. megyn: neal, chip, thank you so
commission s view is that and maybe the president s and some other people advising him. the future of the economy will depend on bringing the deficit down, maybe gradually, maybe so that there can be a restoration of productivity. but there s some things that aren t true in that statement. no one says that the social security is part of the deficit problem. yet, part of the prescription was that. we do have a deficit problem in the long term. we don t have one in the short term. look, you want to cure the deficit problem? you need to create jobs. you re fought going to create jobs by cutting everything away. look, we lost 256,000 working government jobs in the last year in this country. they left because factories closed and factories closed and people don t have jobs. the way to address the deficit is to put money in people s pockets so it s create jobs and unions so they can get a bigger
reduce it in the nondefense budget, in the entitlements, in the tax code. just moments ago, president obama said yes, he didn t get everything he wanted. he hopes in the short-term, they help create jobs and ease the pain of middle class families. the president conceding wealthy families will get an extension, but the president suggests in two years when the tax cuts are due to expire again, then tough choices maybe. these tax cuts will expire in two years and i m confident that as we make tough choices about bringing our deficit down, as i engage in a conversation with the american people about the hard choices we re going to have to make to secure our future and our children s future and our grandchildren s future, it will become apparent that we cannot afford to extend those tax cuts any longer.
would never expire. he said, we knew that politically once you get it into law, it becomes almost impossible to remove it. that s not a bad legacy. the fact that we were able to lay the trap does feel pretty good to tell you the truth. i have to ask you this morning, with the president having as many democrats still having huge democratic majorities in the house and the senate campaigning on this issue, talking about this issue for two years, what makes you think two years from now the result will be any different, that these tax cuts for the wealthiest ever are ever going to go away? i ll tell you why. because i think over the next two years you re going to see the president engaging in very tough matters to get our budget deficit down. i hope all the congress is devoted to that. as people see things like pay freeze for all workers, as they see spending cuts happening, as they see many americans being asked in some way to sacrifice to bring our deficit down, it is going to be hard