Washington Journal host Susan Swain interviewed Dr. Coburn this morning about the latest debt limit negotiations and various proposals to put our nation's economy back on a sustainable course.
“We have seen the Republicans offering multiple things. We have a bill on the senate they are going to table that actually fixes the problem, raises the debt limit, and they don't want to vote on it, so we're going to table it. So I think it is all political posturing”
“The root for us, as every American, is if we don't get a deal done, I think it will cost us a half of one percent. Even if we got a deal done 10 days later, I think it costs us a half of one percent. The problem isn't the negotiation between the republicans and democrats, it is not between the president and the speaker. The problem is for us to maintain our debt rating we have to have a program that cuts about $4 trillion at a minimum over the next 10 years”
“Washington doesn't cut because Washington cares more about being re-elected than they do about the public. It comes from a lack of courage to stand up and do the best right thing for our country”
“I would rather fix our country and lose a battle with Grover Norquist then send our country down the tubes and raise a point of view that is suicide”
“I think there are tons of tax credits and things in the tax codes that are unfair that we ought to eliminate. Anybody that gets something out of the tax code today in terms of the tax credit and the tax spend tour, you are paying for it if you didn't get one”
“We have to get $4 trillion. That doesn't go away no matter what anybody says. The President didn't have a deficit plan. The President's commission had a deficit plan. He never embraced it”
|7/27/11||9,000,000,000,000 Ways to Balance the Budget|