On Republican support for the sequester…
Why would Republicans support -- I mean, the Republicans support the sequester. They're on record as supporting it. Even though it's Obama's idea, they support it. It's the only way we're gonna get some budget cuts, and they're infinitesimal anyway. But the question is, why would Republicans support something that does what Boehner says it's gonna do? Threatens US national security, thousands of jobs could be lost. Boehner's calling the cuts deep, when they're not. I do not have an explanation. I don't think that there is a reasonable explanation for that. I don't understand it. Don't have an answer for you. It's too simple to chalk this up to incompetence. It may be that, but that's too simple. I don't have an answer. I can't explain it to you. All I know is that it doesn't make any sense.
On Obama’s political goal and strategy with regard to Republicans in the upcoming fiscal cliff stand-off…
What Obama is attempting, in the fiscal cliff deal, is to get John Boehner and therefore all Republicans to confess. If he can get the Republicans to raise taxes on the rich, then Obama feels he is helping the Republicans destroy their brand, destroy how it is that they're known and understood. And in the process, what are we talking about? The fiscal cliff, what's that? We're trying to save the country. What Obama wants is for the Republicans to agree that tax cuts, from Reagan forward to Bush, created the current climate. The recession is because the rich didn't pay their fair share. In fact, the entire situation of economic inequality is because the rich haven't paid their fair share. They want the Republicans, by agreeing to raise taxes on the rich, to essentially confess that it's been tax cuts, low taxes on the rich that explain the economic calamity. Not liberalism. Not wanton federal spending. Not socialism. Not Obama. Not the Democrats. Not entitlements. Not spending. No, none of that's to blame. Those are all the fixes, you see. All the Democrat policies are how we save America from what the Republicans believe in: tax cuts for the rich.
On the politics of government student loan interest rates…
The Republican student loan plan is a piece of legislation that would prevent the interest rate from doubling. [The] student loan interest rate’s supposed to go up – it’s supposed to double – on July 12th. So John Boehner and the House Republicans have proposed legislation to prevent that from happening… Nancy Pelosi says that Obama would veto that. Why? This is so brazen and blatant… He wants the issue. He’s gonna veto this so that student loan rates will go up so that he can blame Republicans for it. He is counting on the fact that the media will not significantly report that the Republicans tried to stop it.
On Obama lying to the American people at the height of the debt-limit negotiations with Republicans last summer…
Obama intentionally lied to the American people in a prime-time address, announcing the failure of negotiations to expand the debt limit last summer… the Obama lie was telling the American people the Republicans were demanding cuts to the budget, only – as a means of expanding the debt limit: “We’ll give you the debt limit increase, but you have to have some budget cuts.” Obama lied to the American people and said that was the intractable Republican position. When in fact, Boehner and Eric Cantor had offered tax increases in the $800 million range. Now to take you back, nine months ago – it was Obama who needed the deal… it’s Obama, whose job is spending money, it’s Obama who needs the debt limit increased so he can continue to buy votes, expand government, whatever his plan is. What Boehner and the boys decided to do was essentially call his bluff. He was setting up to run against a do-nothing Congress. They said, “Okay – here you go.” Obama rejected it, and then addressed the nation and lied – told the American people that the Republicans were intractable, inflexible – was their way or the highway. They wouldn’t give an inch. When in fact they had given Obama – this is the key – everything he wanted. And that’s what he couldn’t afford. The trick that they played on Obama was giving him everything he wanted.
On Republican Bob Turner’s victory in the NY-9 special election…
Look at all the conventional wisdom here that has to be thrown out, and I want to make a contrast of something. After Obama’s speech last Thursday – the joint session of Congress speech, the campaign speech, where he announced his $457 billion in new tax increases – what did Boehner do? Boehner put out a Press Release immediately. And featured prominently in the Press Release was Boehner assuring everybody how eager the Republicans were to work with Obama on this. Now, Bob Turner, not one time, in a New York district that has been Democrat for 90 years, not one time did Bob Turner say, “I am eager to go to Washington to work with President Obama.” What Bob Turner said was “Send me to Washington to stop this. Send me to Washington to roll this back.”
On the immediate consequences of the new debt deal…
Our country added $239 billion dollars in debt in a single day yesterday. $239 billion dollars in debt in a single day. May I put that in perspective for you? $239 billion dollars in debt in one day is about five times the real cuts, scheduled to occur, over the next ten years under the bipartisan debt deal. By way of comparison, we are supposed to get, as a result of the debt deal $900 billion in cuts. But they are spread out over ten years, meaning most of them are unlikely to ever happen since they are scheduled for the out years, and cannot be enforced on future congresses. But the regime was given $400 billion dollars in new borrowing authority for this week, and they ate up 60% of it in a single day… remember now: this was bipartisan. This was Boehner and McConnell and Krauthammer Online and the Kristol Standard and all and the Wall Street Journal, and they were all in on this. “Oh wow zowee what a great deal, this is the best we can do, why, golly we gotta do this. We gotta avoid default, we got to avoid losing the Triple A rating, we gotta do this deal, why, it’s real spending cuts!” That will never happen. More in debt in one day, than the spending cuts over ten years in the debt deal. It’s comical. It’s comical because it’s the same-old same-old. It’s the same old bag of you-know-what.
On the latest iteration of the debt ceiling negotiations…
Boehner 3.0 basically does this: Would pave the way for the debt limit to be raised, through the 2012 election, in two chunks. But it would mandate that the second increase of the debt ceiling could only occur after a balanced budget amendment passed both chambers of congress and went to the states for ratification. That’s the big difference in Boehner 3.0. Now before we get into the specifics of all of this, I want to say something to all of you conservatives out there. I want to tell you, how damn proud of you I am. Because you made this happen. The conservative intelligentsia, the conservative so-called “media”, inside the Beltway, would’ve accepted anything.
On the latest version of the Boehner plan...
Boehner’s plan, basically is 1.1, 1.2 trillion dollars in cuts. No defense cuts. No new revenue, no tax increases. In exchange for raising the debt ceiling a trillion dollars. Each member of congress – well, two members of each leadership, will get to name three members to a congressional blue-ribbon panel to actually make the cuts. So it’d be a 12-member commission, six appointed by Democrats, six appointed by Republicans. They would report back, and, debt ceiling runs out in April, here we are all over again. Obama, if this thing survives, this is what will be set up for him to sign. No guarantee on that yet but that’s the only thing that’s on the table right now.
On the importance of House Speaker Boehner holding firm in debt-limit negotiations with Obama.
If Boehner holds firm, it’ll be Obama and his re-election team that gets choked up and starts crying, not Boehner. If he holds firm. Right now John Boehner is more than just the Speaker of the House and a negotiator in the debt ceiling deal. Right now, as far as Obama’s concerned, John Boehner is the life-line to Obama’s political future. Oh yeah. If Obama can get Boehner to cave – you look at it that way... and Obama’s out there saying, “If they don’t budge, there’s no deal." Fine! If there’s no deal, then we start cutting. The law of the land right now is the current debt ceiling. That’s the law of the land. If we don’t do anything and write a new law, guess who’s gonna be in violation of it if they don’t abide by it? Obama and the Democrats, not us. Right now, Obama looks at Boehner and sees his route to re-election. By getting Boehner to cave. That’s a lot of pressure to be under. For Boehner. But that’s the way Obama has set this up.
On Speaker Boehner's $38 billion budget-cutting deal with President Obama and the Democrats.
The deal is done. The debate has shifted from spending to cutting, as we sit here today. Thirty eight billion dollars, I'm sorry, I can't start throwing parties over it. But it's a first step. I mean it didn't take overnight for the Democrats to get us here, and it's not gonna happen overnight shifting us outta here. So this is a first step. I wish they'd've kept their promise, I wish it had been 100 billion, I wish it had been 61 billion, but even those numbers, as you and I both know, are – we're talking pennies!