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the great american awakening: two years that changed america, washington and me, senator jim demint. welcome both. thank you. good morning. thank you. tim geithner, treasury secretary, was here last sunday. i asked him about this ongoing deliberation, and he was emphatic about the outcome. this is what he said. let me make this clear, david, the united states is not going to default. we are a country that pays its bills. we re going to meet our obligations, and the leadership in congress, republicans and democrats, house and senate, understand that. there is no alternative for congress to act by the 2nd, and they recognize it, and i m fairly confident they re going to do that. senator demint, is he right, no alternative but to raise the debt ceiling? well, he s probably right on that, but there s only one plan in congress right now to do it in a way that the credit agencies say won t turn us towards a negative rating, and that s to cut, cap and balance plan in the house t
but he s not accomplishing it. well, i think that if you look at where the parties are, compared to discussions over the last decades, there are things that both sides are talking about doing that are very dramatic. i think there s still time to get something big done. the president s made it clear he wants to do something substantial. you know, when you look in the past at agreements between divided government, it s taken leadership on both sides. it took reagan and o neil, it took clinton and gingrich. the president is out there, he s willing to do it. he said it in the state of the union, he said it in the budget. the question is do we have a partner to work with? and i hope the answer is yes. but you suspect it may not be yes. leadership requires a partner. mr. lew, thank you very much. appreciate your time. thank you. joining me is assistant majority leader of the senate, democrat dick durbin of illinois, and republican senator from south carolina, author of the gre
the president s trying to lead, but he s not accomplishing it. well, i think that if you look at where the parties are, compared to discussions over the last decades, there are things that both sides are talking about doing that are very dramatic. i think there s still time to get something big done. the president s made it clear he wants to do something substantial. you know, when you look in the past at agreements between divided government, it s taken leadership on both sides. it took reagan and o neil, it took clinton and gingrich. the president is out there, he s willing to do it. he said it in the state of the union, he said it in the budget. the question is do we have a partner to work with? and i hope the answer is yes. but you suspect it may not be yes. leadership requires a partner. mr. lew, thank you very much. appreciate your time. thank you. joining me is assistant majority leader of the senate, democrat dick durbin of illinois, and republican senator from so
reality is he said my job is to get the economy back on its feet. that s my job. the reality is, it s not, and this budget deal has fallen apart. the president s trying to lead, but he s not accomplishing it. well, i think that if you look at where the parties are, compared to discussions over the last decades, there are things that both sides are talking about doing that are very dramatic. i think there s still time to get something big done. the president s made it clear he wants to do something substantial. you know, when you look in the past at agreements between divided government, it s taken leadership on both sides. it took reagan and o neil, it took clinton and gingrich. the president is out there, he s willing to do it. he said it in the state of the union, he said it in the budget. the question is do we have a partner to work with? and i hope the answer is yes. but you suspect it may not be yes. leadership requires a partner. mr. lew, thank you very much. appreciate
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