i've had rand paul on, connie mack. connie mack going to be on tomorrow or friday.ut, cap and balance, both of you support cut, cap and balance but you didn't have a chance to vote on it. we are now with our baseline budgeting, projected 7.5% increase, pretty much as far as the eye can see, correct? every year we go up in increased spending 7, 8% a year, is that right senator thune? >> in the entitlement programs that probably is right. that's why we have to get entitlement reform undertaken. >> sean: we passed a bill that says we live within the 2011 budget. in other words, this year's budget, which is 1.65 trillion that we didn't take in. we are going to live within that budget for the next six years and decrease it every year just 1%. can you not find a way to manage the deficit and the debt and get our country off risking its aaa bond rating that way? >> absolutely we could do that. it would be reasonable. it would be the kind of steady step-by-step process that could lead us to a balanced budget. it won't be easy. that's most significant than it might appear. b

. >> sean: connie mack and rand paul have a plan.get rid of all growth for the next six years projected, all across the board and have a 1% cut, every year for six years from where we are now, we would balance the budget in six years. >> is it going to pass? >> sean: with this president, no. >> i think it would be very hard. in the boehner plan there is something that troubles a lot of people and i understand why. this is the super committee -- >> sean: i don't trust them. >> you asked a good question, who will be on that committee? who would want to be? i think they will put from the senate side, only very safe members. somebody like eclair mccaskill, she won't be on it. take a claire mccaskill, she won't be on it. >> sean: we can't win with that they are trying. the president has done nothing. >> i think there's another way to lack at this, there's a different in leading and putting out a plan and being willing to be the pinata and take the blows for it. >> sean: i've never seen somebody so over his head than this guy. >> where is

by may, congressman connie mack was introducing this bill into the house. we have already gotten almost 45 co-sponsors. we have seen it introduced this past month in the senate. when we get it to folks concerned about solving the problem, this becomes something of interest. i am not quite as cynical. i think this is something more members of congress will support. it gets us to balance. that has to be our objective as voters. we want the members of congre to support bills that will give us to balance. that is the only time you stop adding tdebt. st: some folks who align themselves with tea party interests say that we should cut more and do it faster. why are you not advocating for more and quicker cuts? guest: we wanted to make sure the numbers work. we met with leading economists, getting ideas, bouncing things off of eacother. when we came up with the 1 cent solution, one of the goals was to put a plan in place that would not be cataclysmic. it would have a pathway to balance. it would get there but not be so significant in the early years that it would c

joining me, the man behind the plan, former congressman connie mack who decided that he would supportor did not support speaker boehner's bill? >> i voted no, sean. >> sean: that it what i thought. let me explain to people. all the plans that we are talking about here, there is not one of them that solves or attacks the real problem because next year spending goes up 7.5%. the year after we spend 7.5% more. the year after we spend 7.5% more. so am i correct in explaining this meaning the baseline? >> that's correct. the baseline continues to go up at about 7%. >> sean: and you were suggesting and i have been pushing this plan as you know all week because i think we have got to deal with reality here. they are spending too much money. country is going bankrupt. we will have $25 trillion in debt. i like cut, cap and balance and i like your bill. you are saying if we freeze spending at 2011 levels for six years and then cut 1% a year. i want you to say it if your own words? >> thank you very much, sean. also, senator marco rubio just signed on to the bill. picking up momentum and more me

joining me, the man behind the plan, former congressman connie mack who decided that he would support. you did or did not support speaker boehner's bill? >> i voted no, sean. >> sean: that it what i thought. let me explain to people. all the plans that we are talking about here, there is not one of them that solves or attacks the real problem because next year spending goes up 7.5%. the year after we spend 7.5% more. the year after we spend 7.5% more. so am i correct in explaining this meaning the baseline? >> that's correct. the baseline continues to go up at about 7%. >> sean: and you were suggesting and i have been pushing this plan as you know all week because i think we have got to deal with reality here. they are spending too much money. country is going bankrupt. we will have $25 trillion in debt. i like cut, cap and balance and i like your bill. you are saying if we freeze spending at 2011 levels for six years and then cut 1% a year. i want you to say it if your own words? >> thank you very much, sean. also, senator marco rubio just signed on to the bill. picking up momentum a

joining me, the man behind the plan, former congressman connie mack who decided that he would support. you did or did not support speaker boehner's bill? >> i voted no, sean. >> sean: that it what i thought. let me explain to people. all the plans that we are talking about here, there is not one of them that solves or attacks the real problem because next year spending goes up 7.5%. the year after we spend 7.5% more. the year after we spend 7.5% more. so am i correct in explaining this meaning the baseline? >> that's correct. the baseline continues to go up at about 7%. >> sean: and you were suggesting and i have been pushing this plan as you know all week because i think we have got to deal with reality here. they are spending too much money. country is going bankrupt. we will have $25 trillion in debt. i like cut, cap and balance and i like your bill. you are saying if we freeze spending at 2011 levels for six years and then cut 1% a year. i want you to say it if your own words? >> thank you very much, sean. also, senator marco rubio just signed on to the bill. picking up momentum a

. >> now i want to bring in republican representative connie mack. he's put forward a plan that he says would, and i quote, "cut up the government's credit card." and he joins me now from capitol hill. congressman, explain your plan, please. >> first of all, thank you very much for having me on. and you know, everyone right now is looking for that plan, and i've got one i think people on both sides of the aisle not only can understand but can like. and what it does is simple. we would cut 1% of spending a year for six years. so that's only one penny out of every federal dollar. it's up to the congress to define where that 1% comes from. but if the congress fails and the president fails and they can't work together, then it would be an across-the-board cut. after six years we cap spending at 18% of gdp. in the seventh year we balance the budget. and after ten years you cut $7.5 trillion. one of the things people need to understand, when washington talks about a cut, what they're not talking about is every year there's a projected 7.5% increase in spen

. >> senator, we will continue to folldone the connie mack penny plan which i think is a good idea andaybe, maybe the democrats are doing the conservatives a favor by sayin3 no because ndone they have to produce a bill. good to see you. thanks for birng withhe.s. >> thaob you. >> sean: and breaking developments here. we just heard and fox ne ots confirming that in fact to get more votes there may be a tweaking of the boer.er bilui we will have a lot more of this. ge cd ierage of all the latest breaking developments out of washington as we ahimit the house bsenatinning a vote n the boehner debt bill. we will get reaction from ann coulter andk-uan williams and our great american panel, cominghe.p. a big race today? don't worry, kevin, i've got it all covered. (cheering crowd) track announcer: and jamie mcmurray wins the brickyard 400. how'd we do? announcer: check out huge clearance savings at bass pro shops and our upcoming fall hunting classic. [ male announcer ] an everyday moment can turn romantic anytime. and when it does, men with erectile dysfunction can be re confident in eir abi

by may, congressman connie mack was introducing this bill into the house.e have already gotten almost 45 co-sponsors. we have seen it introduced this past month in the senate. when we get it to folks concerned about solving the problem, this becomes something of interest. i am not quite as cynical. i think this is something more members of congress will support. it gets us to balance. that has to be our objective as voters. we want the members of congress to support bills that will give us to balance. that is the only time you stop adding tdebt. host: some folks who align themselves with tea party interests say that we should cut more and do it faster. why are you not advocating for more and quicker cuts? guest: we wanted to make sure the numbers work. we met with leading economists, getting ideas, bouncing things off of each other. when we came up with the 1 cent solution, one of the goals was to put a plan in place that would not be cataclysmic. it would have a pathway to balance. it would get there but not be so significant in the early years that it wou

congressman connie mack introduced the bill. we have almost -- we have 44o- sponsors of the bill. is called the 1% spending reduction act of 2011. it was introduced in the senate last week by senator enzi from wyoming. people can understand. it has a goal of getting us a balance. when we balance the budget, we will stop producing that. it also provides a process as opposed to a prescription. that process with spending cuts is something we think that, in a bipartisan fashion, both sides of the aisle can get together on anmove forward. host:ur guest is bruce cook, chairman of citizens for restoring america's financial future. how did you start this organization? guest: it is an interesting journey. i had my first branch out over a year ago, about a year-and-a- half ago, at a time when the six congressional budget office came out with the tenure forecast and it said that we -- the 10-year forecast that said we were on an unsustainable track. i realized, for my granddaughter, if that happens, we will note -- she will not have the benefit of the country that i had when i was growing up

the language that i have introduced, the language that michelle bachmann introduced and others, connie mack comes to mind, if all republicans voting for it, is this, it ends 40 words to repeal obamacare and ends with these words, as if it had never been enacted. close quote. that's the language we must put on a president's desk who will sign it. in the meantime, to spend $23.6 billion to implement an unconstitutional piece of legislation that's 26 pages -- 2,600 pages long, that kind of money in a period that must be a period of austerity is an absolute waste. we know it's a waste. and this point where we are going to cut down spending, we have to do it by cutting off the $2.6 trillion of outlays that are obamacare. $23.6 billion of that are sitting now in the hands of kathleen sebelius and they are seeking to send the roots of obamacare in our lives so that we decide we can't get along without obamacare. to give you an example, if i might inquire how much time i have left, mr. speaker. the speaker pro tempore: the gentleman has 13 minutes remaining. mr. king: thank you, mr. speaker. mr. sp