but, for example, the house budget committee chairman, paul ryan, was on the erskine bowles committee and he voted against the final report which called for some tax increases so if he's on this committee, some democrats are going to be really wary about whether they can get anything done and he's the chairman of the house budget committee so one would think he would be on it. >> and it's not going to be easy to get some sort of consensus, six democrats, six republicans and presumably some of those democrats and republicans will be on the extreme. nancy pelosi, the democratic leader is speaking. >> thank you to the gentleman for yielding, and every chance i get i want to salute him for his tremendous leadership as the top democrat on the budget committee, for the work he did with the bipartisan talks as they strove to have what the american people want, a balanced, bipartisan, fair agreement to lift the debt ceiling and take america forward. unfortunately, that did not happen. what did happen, and it brings to mind the extension question why are we here? and i would divide in legislat

we'll ask paul ryan, republican chair of the house budget committee. and bill miller, head of legg mason capital management. then, it is showdown time in iowa. we'll talk with a candidate who has a lot riding on the first caucus state, tim pawlenty. and from the thursday fox news debate to the crucial saturday straw poll, the stakes are high. we'll ask our sunday panel who has the most to win and lose in iowa, all right now on "fox news sunday." and hello again from fox news in washington. before we get to the economy we want to bring you the latest on that terrible store arery out of afghanistan. insurgents shot down a u.s. military helicopter, killing 38. including 22 navy seals from the same unit who took down osama bin laden. conor powell has more from kabul. conor? >> chris, this is a devastating blow to the small tight knit community of special operations forces here in afghanistan. the single deaiest day for american troops since the war started nearly ten years ago. the military is still investigating the cause of the crash but the taliban were

one of those was cast by chris van holland, ranking democrat on the house budget committee and he's good must have st hav enoue to talk about it. >> good to be with you. >> you voted yes for the bill, but it's hardly a deal that you wanted. so tell us specifically what the negative consequences your vote will have by voting for this bill on your constituent and what did you have to sacrifice? >> well, this was an exercise in damage control. we had a situation where the first time in history, history of the republic, you had a group within the house of representatives, some of the tea party republicans, who were manufacturing a crisis over the debt creel to go try to get 100% of what they wanted on the budget. they wanted to end the medicare guarantee, they wanted to slash medicaid and the social safety net, they wanted to cut education. >> we've been over this part, but let's go to why you went for it and how you feel your constituents are going to suffer as a result. >> i was in fact telling you that because they were not successful at the end of the day in doing that. they were not suc

paul ryan is the chair of the house budget committee. he seemed pretty confident today at a news conference with speaker boehner saying he thinks this bill will prevail, going to prevail with a majority of republicans. one thing we've been tracking throughout the day is where do house democratic leaders stand? because they have refuse to take a position throughout the day. just a couple hours ago, we finally heard from a top aide that the democratic leader nancy pelosi, she was a yes vote, she was going to support and shortly right after that we saw steny hoyer, the number two democrat in the house take the house floor and throw his full support behind it. it's not perfect, but this is what we have. there seems to be a bit in 24 deal for everyone to dislike, and that seems to be part of the sales job we've been hearing from democratic and republican leaders saying this is not perfect, it's what compromise is. it's more important that we pass this rather than threaten default. >> kate baldwin will stay with us throughout this hour. david

he's 41, on the house budget committee and has been a central part of all the debate with health caredget and the debt ceiling debate we watched over the past several months and paul ryan, apparently, according to him is in the final stages of making his decision. but has not take then possibility off the table and we'll follow that and see where that leads, a lot of people from different parts of the republican party have encouraged paul ryan, and chris christie of new jersey, saying there is room for one more on the campaign trail and now, a sharp shift in popularity for the tea party, fox news polling number showing the movement is losing support. 3 1% of americans view the group as favorable and 51%, say unfavorable and analysts saying it is backlash from independent voters tor taking a hard line on the debt debate and what to do two leading tea party members think of that. the president and ceo of freedom works and co-author of "give us liberty", and, anna is co-chair of the kitchen table patriots and, anna, good morning to you. >> good morning, thanks for having me. bill: what d

to everyone in america, house republicans don't believe you can tax your way back to either a balanced budget or to a stronger economy. i'm not worried about this new committeeg tax increases. they will be voted down in the house. i worry about reports like s&p, while they said we remain neutral on revenue issues. they said the way we keep this rating is for the super committee to create more savings and for the bush tax cuts to expire on two of our pro-growth tax brackets. i think is a mistake. we are going to focus on the spending side. >> jamie: the s&p was clear, they wanted more revenue in this plan or down the road. i wonder whether you think the white house will come up with a proposal for more stpeupl or more spending? another way to -- stimulus or more spending? another way get money out there for programs that will cost us more what would you do if that happened? >> we are going to reject another round of stimulus, it has failed. i think the stimulus promises have fallen short by 6.3 million jobs. unemployment rate was supposed to be 6.3%. we were promised with the stimulus. it has been a massive failure. there is a way, we think to create more rev

his desk a photo young guns, as they're called, the new leaders -- cantor, mccarthy, and house budget committee and brash and they have maiden mys and at times that has included the president. > good for this economy nding that barack obama's programs are >> how heated has it got news 10 your time with the preside >> it's gotten heated. i mean, i think that we always have a cordiality present. obviously, you know, the coerves a lot ne. his agenda is focused on his d his party's view. obviously, i have different views. >> reporter: and sometimes during this crisis those views have caused friction with speaker boehner as well. but americans are exhausted by all of it, always the back and forth, and they just want to see both parties arrive at a deal. the speaker's staff is working get one thing. they know it's going to mean more heavy lift and by lunchtime they're already hunkering down for a long night ahead. >> i think we're ahead of ourselves. >> reporter: for another top cc1:cc1:cc1: aide to the speaker, a momentary break in the action allows time to call home and talk to his wife. >> i haven

we'll ask paul ryan, republicann chair of the house budget committee and bill miller head of legg masonapitol management and it is showdown time in iowa. we'll talk to a candidate that has a lot riding on the caucus state, tim pawlenty . thursday fox news debate and exclusive saturday's straw poll, the stakes are high. we'll ask our panel who has the most to win or lose in iowa, all right now on fox news sunday. hello, again from fox news in washington. before we get to the economy, we'll bring you the latest on the terrible story out of afghanistan. insurgent shot down a u.s. military helicopter saturday killing 38 including 22 navy seals from the same unit that took down osama bin laden. fox news correspondant conner powell has more from cabble. conner? >>reporter: chris, this is a devastating blow to the small tight-knit community of special operations in afghanistan. it is a single deadliest day for american troops. the military is investigating the cause of the crash. the taliban were quick to claim responsibility saying they shot it down with a rocket-propelled grenade. the force

kong campbell, member of the house budget committee, good to have you. >> thank you very much. >> kellyajor consumer alert. honda is recalling about 1.5 million cars in the u.s.. including certain 2005 to 2010 four cylinder accords. honda says it is issuing the recalls following complaints that engine stalls and vehicles that shift too quickly. >> jamie: new numbers showing another troubled automaker struggling to win overconsumers. general motors standing by their -- their new electric car the chevy volt. they plan to step up production nevertheless and make 5,000 more volts per month. despite selling only 125 volts last month. general motors saying the low numbers are a result of limited supplies and long waiting lists not a reflection of that car's popularity. >> kelly: audi might have the sedan for you. >> it has the face of a super car. the body of a sports sedan. the secret that makes the audi a-7 special is this. it is a hatch back. i thought we hate these things. if we do it is probably because we've never seen one as special as this. it has the goods to back it up. 310 horsepow

you can catch chris wallace on fox news sunday talking about the economy with the house budget committee chairman congressman paul ryan and chief investment officer bill miller and sits down for an exclusive interview with presidential candidate tim pawlenty on sunday. prosecutors going for the maximum punishment against warren jeffs after a jury convicted the politic man of child sexual assault. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. >>trace: the punishment phase considers in the jeffs trial after he was found guilty of child sex assault. but the 55-year-old leader who is representing himself asked to be excused from the courtroom in protest. he faces up to life in prison and pr

. >> congressman chris man hullen is top democrat on the house budget committee. okay. so first of all, you're looking forward to the senate voting confident that's going to go as planned? >> i am confident. as you indicated, we had a bipartisan vote in the house. there's a lot to dislike on both sides of this package. it went through, i'm confident, through the senate too. >> when in fact, we've heard a lot of criticism of the tea party and its ability to, as some people put it, hijack the process. the vice president even reportedly called the tea party terrorist. you said in the past they are unfit for governing. but didn't they accomplish what their voters sent them to washington to do? >> well, i don't think their voters sent them to washington to put the united states creditworthiness at risk to threaten the entire economy unless they got # # 00% of what they wanted. at the end of the day what they did was put the economy at risk, probably did long-term damage to our credit worthiness and they did not get the cuts they wanted. they wanted to end the medicare guarant

exclusive interview, somebody who voted for the compromise, and he's the chairman of the house budget committee, wisconsin congressman paul ryan. always good to see you. >> good to be with you. >> sean: i know it's been a long battle, a difficult process. why don't you give us your take on it. you voted for it, why you think this is good for the person people. >> because we're cutting spending. look, is this everything i want? of course not. our budget proposed to cut 6.2 trillion. this cuts $2..1 trillion to $2.4 trillion. we actually got discretionary caps inxñ>fk law. i've been fighting forn@vgç thee spending caps ever since the day i came to congress. we couldn't get these kinds of spending caps in the bush administration. this tells you how far the culture has changed. we got $2.1 trillion to $2.4 trillion in spending cuts. the president started asking for a blank check, then a big increase, he got none of though, and we kept our pledge, which is we will cut more spending we will raise the debt limit by. that pledge was maintained. >> the president will get just shy of a trillion dollars -

referring back to the 90's when he was on capital hill as the republican chairman of the house budget committee and they were able to balance the budget with the republicans running congress and then president clinton, a democrat, obviously, in office. and seems like we are far, far from those days of cooperation on both sides, kelly. >> yes, indeed and ed henry reporting live from martha's vineyard, massachusetts, we thank you, sir, have a good day. >> kelly and ed, so president obama is pressuring congress to work together in the weekly address, while a new gallup poll is finding the mass majority of americans think congress is doing a bad job. 13% approve and 84% disapprove, the worst on record. can they get the people's work done or will we have to wait for the next election? here now, alexis mcgill johnson, and executive director of the americans value institute and a con stul tennant for the national republican senatal committee. it's good to see you, welcome. >> thanks for having us. >> jamie: alexis what do you think the mood is, taking the poll into consideration, and independent voter

. >> and house budget committee chairman paul ryan, and a republican from wisconsin saying both parties share the blame equally for the credit down grade. >> and we were reporting a call for the top mannan, tim geithner, to leave, and now some news about his future. >> apparently he's not going to be leaving. a statement from the treasury department today saying geithner has decided that he will stay and that he looks forward to dealing with the challenges ahead, big once as though they may be. and a statement from the press secretary, jay carney, the president asked him to stay on and he welcomes the secretary's decision to do so. and others call for his resignation yesterday, as you noted. >> thank you very much. live from washington. some world leaders holding emergency conference calls about the stability of financial markets. part of it a reaction to the u.s. being downgraded by standard and poors but they are also dealing with a euro debt crisis because of a cash problems in spain and italy and a growing list of nation that is are trying to avoid financial collapse like we've seen

in june house budget committee chair paul ryan called the tax cut, quote, sugar high economics.pokesman for canton said cantor didn't believe this type of temporary tax relife is the best way to grow the economy and increases the deficit. here's what the off of david camp, who is also a member of the super committee, told the ap. quote, tax reductions, no matter how well sbe-intentioned will t the task higher. joining me now is ezra kline. we started this kvshgs in ernest on friday when i joined you on martin bashir's shoem you were guest hosting and we talked about this payroll tax question. i'm excited to extend this conversation with you. there's no doubt that republicans are right about this in the sense they will increase deficit, but how do you score it on its stim laifb at a time rates. >> it's nice to see them say it costs money. the payroll tax cut is much more stimulant. the payroll taxes affects only the first $106,000 of your income. the people it helps out are people that spend their income to make ends meet. if you try to get money into the economy right now, what

defense secretary leon panetta, once the chairman of the powerful house budget committee thinks cutsional security can both take place. >> i don't deny there are going to be tough decisions that have to be made and tough choices that have to be made. but we owe it to our citizens to provide both strong fiscal discipline and a strong national defense. . >> reporter: the real problem -- if congress has to enact the second phase, $500 billion in military cuts across the board, that means no adjustment for new threats or realities, just the butt knife. >> just one base, it's really irresponsible to do it only in that fashion. >> there will be deep cuts, there will be programs being trimmed out of the pentagon budget, but already there are internal budget protections that some of these budget cuts, these decreases that congress is talking about may be little more than slower or smaller increases in the years ahead. that's budget math. >>> missing leadership, that's what critics say about mitt romney regarding the debt ceiling debate. even going so far as to show them on a milk carton. we'

republican who has his own tough, tough passage in ohio and he was here in '97 as the chair of the house budget committeee said that we ought the be talking about reform and not just slashing spending. but reorganizing the government and the programs, because as we mismanaged the expansion of government, we can't mismanage now the cutting of government. and that is what i really think. >> well, we are talking about recession. okay. i have never felt since the 2008/2009 period that we would be in a growth mode coming out like many of the trading partners like china and brazil and russia and india, and not us. now we are talking about a recession and the first time it has been on the table and caused by government and not caused by business people. they want to build and lend and do anything possible to avoid this recession. the second half, we will be in recession if this is not resolved, and recession means many fewer jobs and far few tax receipts and trillion dollars left and ira and 401(k) and trillions lost in job creation and i'm hearing about little amounts saved here versus what is going to be lost

i testified tuesday before the house budget committee in a hearing congressman paul ryan called to independent advisory board. the 15 member board that is going to have huge authority over hundreds of billions of dollars in medicare spending affecting tens of millions of seniors. congress has a difficult time having veto power. no administrative or judicial review of this board. really the epitomizes the sense that washington knows best, not doctors or patients. that is why this law must be repealed. strict oversight in congress. the lot of questions about thousands of pages of ridge of let -- regulation being written. as the cases percolate through the courts the best guess is the supreme court would rule on this by june of 2012 particularly on the constitutionality of the individual mandate. finally i really do believe it will be a political issue which is why i am glad you are here. a lot of people either have given up and said we did everything we could. we tried to get congress to not pass this and they passed it anyway. the president is telling us it is all these little things, preexisti

chair he1: in '97cc1: of the house budget committee.t to be talking about reform and not just slashing spending. we ought to be reorganizing the overnment and these programs,c: because as we mismanage the government,cc1: we can't mismanage now the cutting of government. that's what i really think. >> we're talking about recession, okay? i have never felt since the 2008-2009 period that we'd be anything other than a growth mode coming out, like many of our trading partners, like china,ike brazil, like russia, like india, not us. now we are talking about a recession. this is the first time it's been on the table. this is a recession caused by government. caused by cc1: businesspeople. they want to build, they want to lend, they want to do anything possible to avoid this recession. the second half, we will be in recession if this is not cc1: resolved. recession means many fewer jobs, means far few taxes received, trillions dollars lost, i.r.a. lost in ), trillionscc1: job creation. i'm hearing about little amounts being saved here versus w

he's going to keep his focus on the budget committee in the house of representatives. of conservatives really loved paul ryan, but it's quite clear that many democrats out there were planning on using his budget plans especially for entitlements as part of the coming campaign. he would have had a lot of polarization issues, if you will, if he were to have run for president. >> so a no go for him. joe johns, thank you so much here. as we are now at the top of the hour, i want to get back to the top story, breaking story here. 42 years of moammar gadhafi's tight fisted control over libya appear to be nearing an end. anti-ga dpaf anti-gadahfi rebels rolling into tripoli. tracer fire, but the big question this hour, where is moammar gadhafi? let's go to wolf blitzer, who has been part of our team coverage here, the story, wolf, i was watching you for hours on end last night as the story has been developing. i want to talk about libya and washington because the state department, also the pentagon have reason to believe that gadhafi has not left. they're tamping down rumors t

paul ryan, the congressman from wisconsin, the chairman of the house budget committee and maybe evenris christie, the governor of new jersey. do you see republicans, sarah palin, for example, deciding to throw their hats in the ring? >> i think sarah palin's day has probably come an gone. we eebl probably have to wait and see. but if rick perry were to stumble a couple of times, yeah, i think somebody else might get in. there are a lot of republicans out there that would like more choices. if he gains his footing and as the president said, it's hard. it's not like running for governor. rookies make mistakes. but if he gapes his footing i think it makes it less likely. there are a lot of people who look at his record. he claims a third of the new jobs have come in texas over the last couple of years. that's a pretty strong claim in a climate where people are desperate for new jobs. i think he was getting some traction with some heavy hitters in the last few days. we'll have to see how it goes now. he is under scrutiny. and i think president obama in your interview today was very caref

committee is this guy. paul ryan. the house republican's budget cutting guru. why no paul ryan? >> reporter: he actually put out a statement to clear up the rumors or whatever and said, hey, i asked not to be on this committee. he says the budget committee is going to have some things -- some important things to do over the next several months. he would frankly rather not be there. there is that issue of paul ryan being a bit of a lightning rod for controversy. he didn't say anything about that, but we all know it's true. perhaps it was better he stayed off of that just in the interest of potential compromise. >> just in time today, we have a poll out. i want to share with viewers, that it shows 62% of americans want higher taxes on the wealthy. just 34% back no new taxes. that's a position adopted by the republicans. the republicans including hencer ling named to this committee. let's listen to him. this is the congressman from last week. >> there are those who still called for job-killing tax increases from the federal government. it is not going to happen. >> so joe johns, the

for example, the chairman of the house budget committee, paul ryan, was also on the deficit reduction committee, and he was one of the republicans that did not sign on to the plan, although he is in favor of some kind of tax reform that would lower rates. so you know, it's very -- it's kind of very hard to tell right now. let me also add one other thing. on today's vote in the house, if it does happen today, and one would assume it would, i was told that the legislative folks counting votes for the house feel okay, but i think as you and i were talking about earlier, drew, the fear -- the fear is that unlike the vote on t.a.r.p., there is sort of not a lot of moderates around these days to make these things pass, and so you know, they believe that this is another question of whether boehner's speakership is on the line here because he has to deliver. >> let's get joe johns. joe, you are on the house side and that's where the drama seems to be taking place. and the house, very iffy, and it's iffy from both sides of the aisle. i am not sure the far left nor the far right will go for thi

. >> reporter: house budget committee chairman paul ryan republican from wisconsin says, both parties are to blame for the credit down . lots of reaction on capitol hill. >> shannon: thanks steve. john boehner says the s&p decision is a consequence of out of control spending and blames democrats. saying: democrats had who run washington are unwilling to make tough choices. joining us congressman charlie rangel. we just talked about the blame game. is there plenty to go around for both parties? >> you stole the words right from my mouth. first of all, investors don't look for democrats or republicans or house members or senate members or the president. this is our government. and it is not just the deficit, i am convinced that this is the safest place in the entire world for investors. had they seen an internal political struggle where certain people wanted to prove their strength by threatening and in fact putting us on the brink of economic destruction, you cannot blame somebody for saying that our markets are not as stable as they should be. it is not republicans and democrats. it i

governor kasich was harkening back to the '90s when he was the republican chairman of the house budget committeece the budget with a democratic president. in bill clinton, we've seen far, far from those days when both sides were working out their differences. in fact, the president here in martha's vineyard put the finishing touches on that new economic plan we're expecting after labor day, it seems like a stretch to believe that very many of his new initiatives will go very far, for example, in the republican-led house. >> heather: president obama is taking a lot of heat for this vacation at martha's vineyard. does this hurt him? what do you think? >> well, it certainly could. there is no doubt about it. white house aides like to point to the statistics that show former about the george w. bush vacationed about three times as much as this president at this time in his presidency. but the fact of the matter is, with the president you see some pictures there, we got yesterday of him out golfing, george w. bush was in much more calm economic times, if you will, much more turbulent economic times n

up next we'll speak to the ranging member of the house budget committee about this vote and does this mean he can now turn his attention to jobs? chris van hollen of maryland joins us next. a new government proposal aims to prevent another tragedy like the oklahoma city bombing. how to keep a critical bomb-making element out of terrorist hands. host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance. but for some of us with overactive bladder, our pipes just don't work as well as they should. sometimes, i worry my pipes might leak. but i learned there's something more i can do. now, i take care with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you h

and then paul ryan, the chairman of the house budget committee, very popular.er member, he came out and endorsed this plan saying this is -- may not be perfect, but it's the best they can do and he urged his republican colleagues to go forward and vote in favor for it. in fact, he predicted more than a majority, more than half of the republican members of the house of the republican members, 240 republicans in the house would go on to support it. if that is the case, if it turns out a majority of the republicans have it, there probably will be enough democrats to bring it over the top to 216. it's going to be close. it's not going to be overwhelmingly approved. it's going to be a close vote. eel watch it every second of the day. i'm not exactly sure what time that roll call will take place, but if it happens between 5:00 and 7:00 in "the situation room" we'll carry it live. i suspect we'll carry it live whenever it airs because cnn does that stuff, as you know. >> because that's how we roll. we're a 24/7 news station. here we are top of the hour, want to welcom

paul ryan is the republican house budget committee chairman. he had his own plan for a long time. more if into what was passed by congress -- it morph ed into what was passed by congress as part of the house budget. it is a non-binding resolution. it says we would like to work towards it. that did not become law. nevertheless, it got a lot of discussion. it started a lot of discussions about how medicare might be changed. the part of the plan you are talking about is either his original plan that as vouchers giving seniors a certain amount of money. it was not handing them cash or a check, but it must be used to buy a private insurance plan. i interviewed paul ryan. i asked him if this amount of money would be enough for seniors to actually buy insurance. his answer was, in some cases yes in some cases no. some people would probably have to put in more money to be able to fight the plan -- buy a plan. he said it would take work. he said they would have to figure out if there was a way to get more money in there. the point was to reduce medicare spending. that is different from wha

was: andrew field houshouse working as an assistant budget analyst with the house budget committee. how long ago was that? guest: most of a1 day11tthe 111h congress. host: ok. let's go back to the phones. caller: i do not note economics very well. but i want to talk about the core gdp. ours is starting to fail. why haven't the congressman issued junk bonds said that we can invest in our own tax i should be able to invest in greensboro and get to the return -- we can rebuild the transportation sector if we have cash for the regular people. guest: i think you see a very weak economy out there. consumer credit has retracted enormously. some are afraid to take on risk at the banks. we see that with a revolving into non revolving credit. there is a limit to how much the federal government can do for individuals. most revolve lowering in -- most involve lowering interest rates. i do not think you will see a direct lending program. it is more efficient on creating jobs, increase aggregate demand, with the exception of doing something to address the foreclosure crisis. host: steve is a busi

when you speak about the ryan plan, you're talking about paul ryan, the republican house budget committee chairman. now, he had his own plan for a long time. then he -- it morphed into what was passed by congress, by the house as part of the house budget. now, the house budget, when you pass a budget in congress, it's a non-binding resolution just saying we'd like to work towards this so that did not become law. nevertheless, it got a lot of discussion. it started a lot of discussion about how medicare might be changed. the part of the plan that you're talking about is something called -- you're either talking about the original plan paul ryan's original plan which was vouchers, giving seniors a certain amount of money not handing a cash or check to use for anything, but must be used to buy a private insurance plan. i interviewed paul ryan and asked him the question would this amount of money be enough for seniors to buy insurance? his answer was, in some cases yes, in some cases, no. some people would probably have to put in more money to be able to buy a plan. he said this is going to t

join meg now to debate are two congressmen and members of the house budget committee.g to you. >> great to be with you. >> gretchen: congressman tonka, are you going to say the same thing that david axelrod and other democrats said on the sunday talk shows, that it was better known as a tea party downgrade? >> look, i think a blame game doesn't help anyone here right now. i think what the country needs is certainty. i think the certainty that we can provide comes with a response that is sound, that speaks to a jobs crisis, that is looping large and heavy for a long time as opposed to a manufactured crisis that was an overnight crisis on the default that really didn't get to the jobs creation issue that i think will provide certainty in the market and provide protection for all of the income strata in this country, including the middle class. >> gretchen: so you're not blaming the tea party for the downgrade? >> i think that some of the extreme thinking of cuts for the sake of cutting was not helpful. we don't need a cleaver approach. we need a scalpel where we cut wher

paul ryan is the republican house budget committee chairman. he had his own plan for a long time. then it more if into what was passed by congress -- it morph ed into what was passed by congress as part of the house budget. it is a non-binding resolution. it says we would like to work towards it. that did not become law. nevertheless, it got a lot of discussion. it started a lot of discussions about how medicare might be changed. the part of the plan you are talking about is either his original plan that as vouchers giving seniors a certain amount of money. it was not handing them cash or a check, but it must be used to buy a private insurance plan. i interviewed paul ryan. i asked him if this amount of money would be enough for seniors to actually buy insurance. his answer was, in some cases yes in some cases no. some people would probably have to put in more money to be able to fight the plan -- buy a plan. he said it would take work. he said they would have to figure out if there was a way to get more money in there. the point was to reduce medicare spending. that is different

was: andrew field houshouse working as an assistant budget analyst with the house budget committee.ong ago was that? guest: most of a1 day11tthe 111h congress. host: ok. let's go back to the phones. caller: i do not note economics very well. but i want to talk about the core gdp. ours is starting to fail. why haven't the congressman issued junk bonds said that we can invest in our own tax i should be able to invest in greensboro and get to the return -- we can rebuild the transportation sector if we have cash for the regular people. guest: i think you see a very weak economy out there. consumer credit has retracted enormously. some are afraid to take on risk at the banks. we see that with a revolving into non revolving credit. there is a limit to how much the federal government can do for individuals. most revolve lowering in -- most involve lowering interest rates. i do not think you will see a direct lending program. it is more efficient on creating jobs, increase aggregate demand, with the exception of doing something to address the foreclosure crisis. host: steve is a business o

the house appropriations committee plans on slashing the budget of the country's hurricane hunters programat is that? well, hurricane hunters are military flights that measure and track hurricanes from inside the storm. this program makes forecasting disasters, like irene, a hell of a lot more accurate, which in turn saves lives. do you think? since i'm talking about house republicans here, let me put it in terms that they can understand. this program saves money. by monitoring these storms, the country saves up to $150 million per storm. that far exceeds the 12 million in savings from cutting the hurricane hunters' budget, don't you think? once again, the republican math just doesn't add up. >>> coming up, one man working through eric cantor thinks the best way to create jobs is to let the country pollute more. be right back. >>> thanks for staying with us tonight. the debate continues in the white house over how big president obama's jobs plan will be when it's unveiled next week in a speech. the president spoke to radio host tom joyner this morning saying the economy had a heart attack

committee on budget. the chair recognizes the gentleman from california, mr. dreier. house will be in order. members, please take combingses from the floor. -- conversations from the floor. members in the rear of the chamber, please take your conversations from the floor. the speaker pro tempore: the gentleman from california is recognized. mr. dreier: thank you very much, mr. speaker. i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks on the measure before us. the speaker pro tempore:ithout objection. mr. dreier: mr. speaker, i yield myself such time as i might consume and ask unanimous consent to revise and extend my remarks. the speaker pro tempore: the gentleman is recognized. mr. dreier: mr. speaker, at this moment we are beginning debate on a measure which i believe will finally send a signal to job creators in this country and in the global marketplace that we are finally, finally getting serious about getting our fiscal house in order. we know that we're dealing with a very sad 9.2% unemployment rate in this country, we

budget committee. these people know the nuts and bolts. they don't be confused by what's being discussed there. what should the democrats do in the house in terms of appointment of this committee? >> i might finesse it and see what boehner is doing in the house. if he goes to the tea party and says no one who is a moderate conservative, you know where this committee is going. and you might put more militant people on there. i think she needs a couple of people who are very strong on the democratic position, like barney frank. and somebody more moderate. maybe put steny hoyer on. there's a little tension between pelosi and hoyer. put him on there. >> lawrence o'donnell takes on the day's most compels stories. airs weeknights at 8:00 p.m. eastern, only on msnbc, the place for politics. >>> it was a somber ceremony in delaware yesterday. the remains of 30 american service members killed when their helicopter was shot down in afghanistan last weekend. and they have arrived back on u.s. soil. president obama traveled to dover air force base to meet with the families of the fallen heroes. the military has opened an investigation into the dev

budget. two remain. one for issuing deficit-covering bonds and a second that promotes the use of renewable energy. a lower house committee approved the deficit-covering bond bill on wednesday and it is likely to be enacted by august 26. >>> markets across asia bounced back on wednesday after two down days. here in tokyo, the key stock index rebounded to about 9,000 points. a surge in u.s. stocks helped provide the boost. the nikkei average ended the day's trading at 9,038. that's an increase of a little more than 1% from tuesday. the nikkei climbed 200 points during trading at one point, but sell orders increased after the u.s. dollar fell to the upper 76 yen level on the forex market. investors let go of export-related shares such as automakers. >>> in the rest of the asian markets, share prices showed a recovery on wednesday. south korea's kospi ended slightly higher at 1,806. up about 0.3% from tuesday's close. the market rebounded from big losses on the previous day when it touched a 13-month low. in shanghai the key composite climbed to 5,876. in hong kong, the hang seng at 19,783, after renewing a 15-month low at o

committee. the way congress is actually supposed to work, where, the house comes up with a plan and this is the house republican budgetthat actually solves the fiscal challenges and the senate comes up with a plan and they have not come up with a plan but hopefully will do so and the two committees, the two groups get together in a conference committee and come forward with an agreement between the two chambers. so, i view it more as a conference committee as opposed to a super committee and it is within the structure now, of the processes in both the house and the senate whereas the others were not. alisyn: i like your optimism, but how does the conference committee get past the huge divide that of course separates the republicans from the democrats and that is whether to increase taxes, or to cut more spending? >> well, there is the challenge,ing a sin, you are absolutely right. we don't believe job-killing tax increases are appropriate, at this time. senator reid and his party seem to continue to believe tax increases are exactly what the american people need. and so we believe that washington needs to get out of t

house and cook you dinner. >> that is some of what they said. they were not just going after president obama. >>> the congressional super committee that was selected to find ways to cut the huge budget deficit is complete. house minority leader nancy pelosi announced the last three panel members. each has a member from the senate ands house. they have until november 23rd to recommend $1. a trillion in deficit reduction over the next ten years. if they can't agree on a plan or if someone doesn't pass one by december 23rd automatic spending cuts would kick in. >>> european markets appear to be holding their own despite the french government reporting a worse than expected economic report. ex-presidents all -- experts all but dried up. asian markets had a mixed finish overnight. despite a better than expected day on wall street. south korea and taiwan closed down more than 1%. it ended down slightly. australia, new zealand, and china all showed gains by the close. checking in on the numbers here on wall street. right now, the futures indicate a slightly higher opening this morning. that follows a pretty big day on the upside this morning. however market analysts are really saying the b

that gag order back in place just this summer the house foreign affairs committee voted to reinstate it and place it within the state department's budget for fiscal year two thousand and twelve to go through the senate and be firmly approved but if it does it could hurt millions of women worldwide but the thing is if you consider the history behind the rule the history of western money from the world bank usa i.d.m. the u.n. population fund amongst others the beginning in the one nine hundred fifty s. helped her most sex selection as a means of controlling populations fighting poverty and even fighting communism and we see the effects today in china india korea and taiwan so how do we look at this tragic history and yet move on to keep options available for women in the future earlier i caught up with marvet this insults give me a correspondent for science magazine and author of the book natural selection choosing boys over girls and the consequences of a world full of men now i also asked her about to explain the history of this for us. well history really goes back to the one nine hundred fifty s. when population growth became an iss

today house minority leader nancy pelosi name herd picks to the budget super committee.sentative bucera clyburn and van hollen, a trio of progressive democrats expected to fight hard for the democratic policies. but they will join six conservative republicans, all pledging ton raise taxes under any circumstances. meanwhile, republicans are on vacation holding town hall meetings. and finding angry voters demanding, the message is clear, taxes should be on the table. >> why do you believe that tax breaks to the wealthy improves jobs -- >> i do not believe that raising taxes on anybody is helpful in making our economy better. [ inaudible ] >> let's have the discussion. >> let's tax the rich. >> let's tax the rich. >> we would tax some of the big business instead of always putting it on the backs of middle class and low-income people. if [ applause ] [ inaudible ] >> yes. >> compromise is not a four-letter word. >> will the republicans get the picture and learn that compromise is not a four-letter word? joining me now is a kol you will any of the for the nation and msnbc con

committee on theth budget. the chair recognizes the gentleman from california, mr. dreier. >> the house will be in order. members please take conversations from the floor. members in the rear of the chamber please take your conversations from thee ta floo. [inaudible conversations] the >> thank you very much mr. speaker. i ask unanimous consent all members have five legislative days the measure before is. >> without objection. >> mr. speaker i yield myself such time measu ask unanimous consent to revise my remarks. mr. speaker, at this moment, we aree beginning debate on a measure which i believe will finally send a signal to job creators in this country and in the global marketplace that we are finally, finally getting serious about getting our fiscal order.n we know that we are dealing with a very sad night -- 9.2% of employment rate in this country. we know that there are people. hurting. we all have constituents who have lost their homes, people who have lost their jobs, people who have lost their businesses,e people are a hurting. it is absolutely imperative that we do everything that we can to trac

budget just for next year. moreover, the white house insisted that defense suffer an additional $492 billion in cuts over the same period if the select committee set up by this bill fails to produce or congress refuses to adopt recommendations on how to cut overall government spending to meet the goals of the bill. mind you, these cuts in defense were not the result of careful planning and analysis. they were just arbitrary percentages thrown out in negotiations, totally unconnected to actual defense requirements. worse, the cuts that would be triggered if the committee recommendations failed were intentionally designed to be so large, so unimaginable, so irresponsible that congress would be inseptemberred to -- incented to approve the committee recommendses. the phrase "armageddon" was used to characterize this scheme. can you imagine anything more irresponsible than for the commander in chief of the military to promote, not just promote but insist on the knowing destruction of the u.s. military as a means to threaten congress? the theory was the consequences of inaction by congress must be so severe that no responsible senator or representat

budgets committee, john kerry is on the finance committee. these people know the nuts and bolts. what should the democrats do in the house in terms of appointments to this committee? >> i guess i might finesse it and get some sense of what john boehner is doing in the house. if he cares to the tea party and says no one who's even a moderate conservative, then you know where this committee is going and might put some more militant people on there. i think she needs a couple of people who are very strong on the democratic commission like schakowsky or barney frank, maybe steny hoyer, there's always talk about there's a little sort of tension between pelosi and hoyer, put him on there. that would be a good symbol and he can rally some of the moderates. >> most of all, let this congress stay away from washington for the month of august. >> i don't think anyone in the country wants to see them come back. >> "the washington post" e.j. dionne, tells us how to get through this month of august. thanks for joining us, e.j. >>> coming up, people who want 100% of the downgrade, why the people of fox news got exactly what they asked