simpson bowles came very close. it was really disappointing and discouraging they were not able to pass that. i believe if it had been brought to the floor for a vote, it would have passed. there were a number of members of congress who worked tirelessly to get it done. i think political leadership often stands in the way, and not all the leaders at the time -- many were incredibly helpful, but there were some who did not want that bill to get done as it could have and should have. it was a big loss. we would be in a better place today if simpson bowles had been adopted. that is why i am hoping this part of the deal there will be a commission that gives us a chance to focus on the bigger problems that are weakening our budget, our economy and our role in the world. host: we have a viewer off of twitter that ask you had stated we were approaching the ratio around world war ii. how do we fix that? is it through tax cuts and spending or tax raises and spending? guest: cutting spending which generated a huge amount of e

simpson bowles came very close. it was really disappointing and discouraging they were not able to pass that. i believe if it had been brought to the floor for a vote, it would have passed. there were a number of members of congress who worked tirelessly to get it done. i think political leadership often stands in the way, and not all the leaders at the time -- many were incredibly helpful, but there were some who did not want that bill to get done as it could have and should have. it was a big loss. we would be in a better place today if simpson bowles had been adopted. that is why i am hoping this part of the deal there will be a commission that gives us a chance to focus on the bigger problems that are weakening our budget, our economy and our role in the world. host: we have a viewer off of twitter that ask you had stated we were approaching the ratio around world war ii. how do we fix that? is it through tax cuts and spending or tax raises and spending? guest: cutting spending which generated a huge amount of e

simpson bowles came very close.couraging they were not able to pass that. i believe if it had been brought to the floor for a vote, it would have passed. there were a number of members of congress who worked tirelessly to get it done. i think political leadership often stands in the way, and not all the leaders at the time -- many were incredibly helpful, but there were some who did not want that bill to get done as it could have and should have. it was a big loss. we would be in a better place today if simpson bowles had been adopted. that is why i am hoping this part of the deal there will be a commission that gives us a chance to focus on the bigger problems that are weakening our budget, our economy and our role in the world. host: we have a viewer off of twitter that ask you had stated we were approaching the ratio around world war ii. how do we fix that? is it through tax cuts and spending or tax raises and spending? guest: cutting spending which generated a huge amount of economic growth and it was a time whe

things we hope is injected into the negotiations, i a bipartisan independent commission much like simpson-bowlesquires us and forces us to vote up or down on their findings within a year, because until we tackle the mandatory spending and get -- get a handle on our long-term sustainability of our debt and deficit, we're just playing around the margins. >> congressmen, we'll stay tuned to the work you can get done in the coming days. thank you both for your time. >> thanks for having us. >> thanks. >>> we go now to new york city and its mayor eric adams, a democrat. mr. mayor, good morning to you. >> good morning to you as well. >> you said that the president and the white house have failed new york city, and that you don't have access to federal dollars to deal with the migrant crisis, but the administration reportedly has pledged $30 million to deal with those arrivals. why the discrepancy? >> i don't think that's a discrepancy. we've spent over $1 billion. we're projected to spend close to $4.3 billion, if not more. these estimates were based on a number of migrants coming to the city, and tho

i am in disbelief that simpson bowles went down in flames.ssion to do something about our debt and deficit? rep. hill: you are right. i support the idea. i thought that was one of the most effective things in the first term of president reagan. he also put social security on a stable ground by the greenspan condition which had an up or down vote on how to do that. i would support a commission like this to tackle mandatory spending a social security and medicare, to make sure they have stability and funding for the next generation. there are two thirds of our spending every year which drives the deficit and drives the debt. lisa a: there is an important conversation to be had about what is sustainable and good finance. there is another question around the manor to have it, whether we should be having this on a brings edge, holding the u.s. hostage. is this really the proper way to discuss it when both parties have increased the deficit? rep. hill: that is while february 1 kevin mccarthy met with the president and said let's have a meeting to r

we will think about that simpson bowl. it was ignored. same thing happens again.e a debt crisis coming down the road and it's going to be serious. >> steve: nobody knows more about it than you do. check him out on fox business 9:00 this morning this morning and tonight at 9:00 p.m. >> brian: how many head shots do you have? every head shot you are smiling? >> stuart: i always use the young one. >> brian: exactly the same. >> steve: you make it sound like there are two elvis young and old. >> brian: no difference. >> stuart: i was the beatle generation, no elvis. i'm not that old. >> steve: thank you, ringo. >> ainsley: 23 minutes after the top of the hour. that's how do you the time, brian. >> brian: thank you. >> ainsley: defending defense. tennessee man facing charges opening fire armed men attempting to break into his car why is he being critically charged for standing his ground. >> brian: miami one win away from the miami finals after beating the boston celtics thrilling if you are miami. boston forgot to show up. we have the highlights ♪ ♪ i hope they don't

problem solvers caucus of republicans and democrats trying to put together a deal similar to the simpson bowlss on the table by republicans and democrats who want to actually solve the problem as opposed to pushing off the problem. i think that coalition is going to be the coalition that makes this happen between the executive branch, senate and the house among democrats and republicans. the fact of the matter is, we have the largest debt since world war ii compared to gdp. these are very, very dire circumstances. i think the markets are responding to it. >> donna, the republicans say, we put together a budget. democrats say that that budget is not survivable, because it's so drastic in the cuts and discretionary spending. the white house says they will do a budget once they give us something, but we need a clean debt ceiling bill. a lot of democrats are saying privately, the president has to show some give. he has to show he is willing to negotiate. how do you get both sides off of their hard talking points? >> first of all, i think it's really important for the public to understand we have t

why not get something like a commission out of this that would simpson bowles commission, that didn'tit wasn't made mandatory, but get a simpson bowles commission that has some teeth. >> i think the -- there is a fallacy that the debt limit can become leveraged to have a rational fiscal conversation and that is has never actually become the case. the debt limit itself is so existential, and so if anyone says this is going to be my bargaining chip, immediately you end up in a situation where you're not having a rational fiscal conversation. >> okay, that's a fair point warren buffett -- we have nuclear weapons, but we don't use them. >> we need to have a fiscal conversation, a serious fiscal conversation but this episode is a good example. we started this conversation, taking revenue off the table, taking entitlements offer the table, saying on defense spending we would increase defense spending what you're left with is 7% of our spending and revenue to even debate around in the first place. >> which is never going to make a dent. >> never going to make a dent. it is like going and say

>> if i had a magic warngsd i would set up the simpson-bowles group which is set up to address the debtee to 75% of it would cob from the spending side and 25% from the revenue side and work so that it would pass that could happen, who knows it's not going to to happen right now. this default fight is almost the political equivalent of counting angels who can dance on the head of a pin they're fightling over a numb per. i mean it impacts it but not dramatically the debt ceiling is set. this is political positioning. the democrats want to claim that republicans are cutting spending of about, they're not cutting spending even if they go to a freeze. because you're not counting -- the democrats want to count in the baseline emergency spending, which is supposed to be one time for things like their boondoggles, like the inflation reduction act. republicans don't want to count that on the baseline, but as a practical matter, this discussion that's being fought over what is allegedly going to address our debt issue is like addressing your tool shed burning down while your house is on fire. so