Text Timeline
  • Text Timeline
  • Graphical Timeline
All Speakers
00:00:00
HOST, -
HOST: GOOD MORNING. IT'S FRIDAY, JULY 29. TWO DAYS LEFT UNTIL THE AUGUST 2 DEADLINE. HERE ON CAPITOL HILL, THINGS ALL SEEM TO BE RATHER CHAOTIC AS YOU...
00:01:39
HOST, -
FRIDAY MORNING, WE WANT TO TURN TO THE POLITICAL BLOG. DAY LEFT BEFORE DEFAULT IS THEIR STORY THIS MORNING. WHAT WAS ORIGINALLY DESCRIBED AS A BRIEF...
00:03:01
Unidentified Speaker, -
WAS PROBABLY THE MOST DRAMATIC DAY IN THE HOUSE SINCE THE HEALTH CARE VOTE IN 2010. THE PUSH WAS ON FOR THE VOTES. IT'S TOUGH REPORTING BECAUSE YOU'VE...
00:04:10
Unidentified Speaker, -
THE SENATE MIGHT TAKE UP LEGISLATION AND HAVE THAT BE A VEHICLE THAT GOES TO THE HOUSE. THE RULE IN THE CONSTITUTION THAT MONEY BILLS SHOULD BE MERGING...
00:04:25
Unidentified Speaker, -
TAX REVENUE BILLS TECHNICALLY SHOULD START IN THE HOUSE. BUT WHAT WE'VE SEEN IN CONGRESS IS THAT THERE ARE WAYS AROUND THAT. YOU CAN TAKE A BILL AND...
00:05:26
Unidentified Speaker, -
OF THE HOUSE OF REPRESENTATIVES OFFICE BUILDINGS. IT'S JUST 7:05 ON THE EAST COAST, AND THERE'S STILL GOING TO BE LOTS OF ACTIVITY BEHIND HIM. WE THOUGHT...
00:06:02
CALLER, -
MORNING. THE GOVERNMENT CANNOT CONTROL THE TEA PARTY. AND BUSH, HIS TWO WARS, AND MEDICARE, THE TEA PARTY -- RAN UP $5 TRILLION IN DEBT AND OBAMA ...
00:06:34
HOST, -
FROM A CALLER IN ROYAL OAK, MICHIGAN. GOOD MORNING, EUGENE. TURN DOWN YOUR TV VOLUME. GO AHEAD. SORRY. WE'RE GOING TO MOVE ON. IF YOU'RE CALM CALLING...
00:06:52
CALLER, -
INDEPENDENT. CALLER: HI, SUSAN. I UNDERSTAND YOU'RE GOING TO HAVE JOE WALSH ON LATER. HE'S ONE OF THE TEA BAG NUTS. HE'S LECTURING THE COUNTRY TO ...
00:07:14
HOST, -
VERY MUCH. READING ON HIS OWN WEBSITE THAT ESSAYING IT'S A SEVEN-YEAR-OLD STORY THAT HE THINKS IS BEING BROUGHT UP FOR POLITICAL PURPOSES RIGHT NOW....
00:07:37
CALLER, -
YES. I WANT TO KNOW WHAT GIVES THE RIGHT FOR THE UNITED STATES GOVERNMENT TO MESS WITH THE MONEY THAT WE PAID IN AS TAXPAYERS TO SOCIAL SECURITY, MEDICAID,...
00:08:46
HOST, -
FOR YOUR CALL. NEXT UP, A COMMENT FROM HEWITT, TEXAS. TONY, A REPUBLICAN THERE. GOOD MORNING. CALLER:
00:08:53
CALLER, -
GOOD MORNING. HOW'S EVERYBODY THERE THIS MORNING? HOST: IT'S A LITTLE
00:08:57
HOST, -
HOT BOTH TEMPERATURE-WISE AND INTERNALLY I THINK
00:09:01
CALLER, -
HERE. CALLER: YEAH. YOU KNOW, WE DEAL WITH A FEW FACTS HERE THIS MORNING. THAT CUT, CAP AND BALANCE THAT WAS PASSED DID TWO THINGS THAT EVERYBODY JUST...
00:10:23
HOST, -
HOST: TONY, THERE'S A LOT OF PEOPLE WAITING, SO WE NEED TO WRAP UP HERE. YOUR POINT? CALLER: THAT THE
00:10:31
CALLER, -
MAINSTREAM PRESS IS BLAMING ALL OF THIS ON THE REPUBLICANS, AND ALL YOU GUYS DO LOOK AS TO WHO'S SITTING IN THE WHITE HOUSE AND WHO'S OVER THERE IN...
00:10:39
HOST, -
YOU, SIR. NEXT UNITY, MAINE. THAT'S AN INTERESTING TITLE OF A TOWN. WOULD YOU LIKE TO SEND A LITTLE UNITY TO WASHINGTON? WHAT ARE YOU THINKING ABOUT...
00:10:53
CALLER, -
THAT THE ONLY WAY THAT THIS IS GOING TO BE RESOLVED, IT'S GOING TO BE OVER THE YEARS THAT THE AMERICAN PEOPLE VOTE OUT OF THE HOUSE AND CONGRESS. EVERYONE...
00:11:10
HOST, -
ARE YOU SUGGESTING THE CHANGE TO BE? WHERE ARE YOU ON ALL OF THIS DISCUSSION ABOUT THE U.S. DEBT? >> I BELIEVE
00:11:17
Unidentified Speaker, -
THAT THE REPUBLICANS, IF THEY PUT AS MUCH EFFORT INTO HELPING OBAMA AS THEY ARE JUST TRYING TO GET RID OF HIM, I THINK THIS WOULD BE RESOLVED BY NOW....
00:11:31
HOST, -
FOR YOUR CALL FROM UNITY, MAINE. THERE'S A NUMBER OF PIECES THIS MORNING THAT TELL YOU WHAT LIFE IS LIKE FOR THOSE UNDECIDED MEMBERS. HERE'S ONE. ...
00:13:02
GUEST, -
AS FAR AS REPUBLICAN LEADERS TRYING TO GET MEMBERS FROM NO TO YES, AND HOW YOU DO IT WITH DIFFERENT MEMBERS, OR DIFFERENT METHOD YOLINGS. -- METHOD...
00:14:33
Unidentified Speaker, -
THEM. IT WAS INDICATED THAT THAT'S NOT A BIG ISSUE FOR HIM, THAT THE PROGRAM WHETHER THEY CHANGE THAT OR PAIR BACK OR TAKE IT OUT, HE'S STILL GOING TO...
00:15:36
HOST, -
FEW FACEBOOK COMMENTS. YOU CAN JOIN THE CONVERSATION ON FACEBOOK AT FACEBOOK/COM/C-SPAN. HERE IS THE COMMENT FROM ELIZABETH TYRANNY WHO WRITES --...
00:16:12
HOST, -
CALLS. NEXT IS OHIO. BRIAN IS A DEMOCRAT THERE. GOOD MORNING,
00:16:16
CALLER, -
BRIAN. CALLER: GOOD MORNING. HOW ARE YOU DOING?
00:16:18
HOST, -
HOST: GREAT, SIR. THANKS. CALLER: I JUST HAVE THREE
00:16:21
CALLER, -
SIMPLE SOLUTIONS THAT WE COULD HAVE OR DO THAT WOULDN'T HAVE TO RAISE THE DEBT CEILING. ONE IS THE IRAQ AND AFGHANISTAN WAR, IT'S GEORGE BUSH'S WAR....
00:17:11
HOST, -
CALL. NEXT UP IS ROYAL OAK, MICHIGAN. THIS IS EUGENE A REPUBLICAN. GOOD
00:17:16
CALLER, -
MORNING. CALLER: YES. I AM CALLING IN REGARDS -- I'M VERY DISAPPOINTED IN BOEHNER. I WAS GOING TO SEND HIM SOME MONEY, BUT NOW I'M NOT. I GAVE ALLEN...
00:17:46
HOST, -
FOR THE CALL. THIS DEBT PLAN, BOB CUSACK, TIED TO THE SPEAKER. YOU MENTIONED EARLIER THE TEST FOR HIS SPEAKERSHIP. I HAVE A NUMBER OF ARTICLE THAT ...
00:18:05
GUEST, -
YES, YESTERDAY WAS THE BIGGEST DAY IN JOHN BOEHNER'S SPEAKERSHIP. HE'S PUT THIS BILL ON THE LINE, HIS SPEAKERSHIP ON THE LINE. HE WAS GOING TO MEMBERS...
00:19:13
HOST, -
THE 33 WOULD PUT THEM OVER THE TOP, IF THEY COULD GET THE MAJORITY OF THOSE?
00:19:18
GUEST, -
GUEST: THAT'S THE CHALLENGE RIGHT NOW. THEY HAVE TO MAKE CHANGES. NOT ONLY DO THEY HAVE TO CONVINCE AT LEAST TWO REPUBLICANS WHO ARE NO VOTES RIGHT...
00:19:33
HOST, -
AND IN THE PROCESS NOT LOSING ANY OF THE YESES THEY ALREADY HAVE. GUEST: EXACTLY
00:19:37
GUEST, -
RIGHT. SO AN ENORMOUS CHALLENGE FOR THE WHIP TEAM LED BY KEVIN MCCARTHY. I DON'T KNOW HOW THEY GET THERE. THROUGHOUT THE DAY YESTERDAY AT TIMES THEY...
00:20:20
HOST, -
ASK THE AUDIENCE TO BARE WITH ME. I'M NOT GOING TO DO IT ALL AT ONCE. BUT I WANT TO GO THROUGH THE 33 REPUBLICANS WHO ARE UNDECIDED, WHO THIS DEBATE...
00:21:22
CALLER, -
JUST LIKE TO SAY THAT THIS IS JUST SICKENING WATCHING ALL OF THIS. THERE HAS TO BE INDEPENDENCE OUT THERE THAT ARE NOT GOING TO BE TIED TO EITHER PARTY...
00:22:29
HOST, -
YOU. CURTIS FROM GEORGIA. NEXT UP IS MARIE, A REPUBLICAN FROM MISSISSIPPI. GOOD MORNING.
00:22:36
CALLER, -
CALLER: HELLO. THANK YOU FOR TAKING MY CALL.
00:22:38
HOST, -
HOST: SURE THING. CALLER: I TOTALLY AGREE WITH
00:22:40
CALLER, -
THE GENTLEMAN THAT JUST PHONED. I BELIEVE THE ONLY WAY THAT THIS SITUATION IS EVER GOING TO BE RECTIFIED IS IF WE IMPLEMENT TERM LIMITS IN CONGRESS...
00:23:40
HOST, -
THANKS VERY MUCH. TO GET A PERSPECTIVE ON THIS FROM OUTSIDE WASHINGTON, THE FINANCIAL MARKETS, WE'VE GOT PETER COY TO JOIN US. HE WROTE THE COVER STORY...
00:24:09
GUEST, -
I THINK IT'S SURPRISING THAT THEY'RE REACTING AS MILDLY AS THEY HAVE. IF I WERE A MAJOR BOND HOLDER AND I KNEW THAT MY BONDS WERE IN DANGER OF BEING...
00:24:48
HOST, -
EXAMPLE. "THE WALL STREET JOURNAL" HAS A STORY OF A -- LET ME SEE, A FIRM THAT HOLDS TREASURY BILLS THAT MATURE AUGUST 4. THE FIRST TO MATURE AFTER THE...
00:25:39
GUEST, -
RATES RISE FOR FEDERAL DEBT -- AND THEY WOULD RISE FOR FEDERAL DEBT OBVIOUSLY BECAUSE OF THE RISK OF NONPAYMENT. ALMOST ALL OTHER INDUSTRIES IN THE...
00:26:49
HOST, -
SAME SPILLOVER EFFECT TO THE PRIVATE CAPITAL MARKETS? >> THERE
00:26:53
Unidentified Speaker, -
WOULD BE SOME SPILLOVER TO THE PRIVATE CAPITAL MARKETS. BECAUSE THIS IS UNPRECEDENTED, WE CAN ONLY SPECULATE ABOUT THE IMPACT. BUT I WOULD SAY THE MORE...
00:27:56
Unidentified Speaker, -
THE THESIS OF YOUR COVER STORY. WHY THE DEBT CRISIS IS EVEN WORSE THAN YOU THINK. IT'S ACCOMPANIED BY THIS CHART, GRAPHIC ON THE SCREEN, WHICH IS IS...
00:28:16
GUEST, -
THE FISCAL GAP IS A DIFFERENT WAY OF MEASURING OUR PROBLEMS. EVERYONE FOCUSES ON THE NATIONAL DEBT WHICH, OF COURSE IS IMPORTANT TO FOCUS ON. BUT THE...
00:29:06
HOST, -
DO WITH THAT? GUEST: WELL, WHAT YOU DO IS
00:29:11
GUEST, -
WHAT PEOPLE HAVE BEEN TALKING ABOUT DOING. YOU'VE GOT TO TACKLE THE ENTITLEMENTS BECAUSE THAT'S BY FAR THE BULK OF THE PROBLEM. TITLEMENTS, OF COURSE,...
00:30:01
HOST, -
THING TO NOTE, AS YOU'RE SAYING SOCIAL SECURITY IS PART OF THE SOLUTION, IN THIS ILLUSTRATION YOU HAVE HERE SOCIAL SECURITY -- ONE SIDE IS REVENUE --...
00:30:28
GUEST, -
CORRECT? GUEST: YEAH. HOST: SO PEOPLE MIGHT ARGUE
00:30:30
HOST, -
IT'S REALLY SOLVENT FOR NOW, WHY SHOULD THAT BE PART OF THE DISCUSSION? GUEST: THAT'S A GOOD
00:30:39
GUEST, -
POINT. THE IT IS NUMBERS -- THE TRUST FUNDS FOR SOCIAL SECURITY IS NOT THE CRUCIAL ISSUE. THAT'S WHY PEOPLE SAY MEDICARE IS WHERE THE BIGGER PROBLEM...
00:31:13
HOST, -
THANK YOU VERY MUCH FOR OUTLINING THE CONCERNS OF THE FINANCIAL MARKET WHICH YOU SAY RIGHT NOW ARE MORE MOOTED THAN YOU -- MUTED THAN YOU EXPECTED AND...
00:31:35
GUEST, -
YOU. HOST: BACK TO OUR
00:31:37
HOST, -
TELEPHONE CALLS. VERO BEACH, FLORIDA, TOM IS AN INDEPENDENT THERE. CALLER: THANK YOU
00:31:43
CALLER, -
FOR TAKING MY CALL. IF BOB COULD ANSWER THIS QUESTION FOR ME. WHY WON'T THEY EVER ANSWER THE QUESTION, THE MONEY THIS COUNTRY GIVES TO OTHER COUNTRIES,...
00:31:57
HOST, -
CUSACK? GUEST: CERTAINLY THAT'S
00:31:58
GUEST, -
MORE OF AN ISSUE THAN IT HAS BEEN IN THE PAST. A LOT OF LAWMAKERS ARE FOR SCALING BACK FOREIGN AID. MOST NOTABLY RON PAUL, WHO IS RUNNING FOR PRESIDENT...
00:33:06
HOST, -
A STORY ABOUT RON PAUL, AS OUR CALLER AND ALSO -- RON PAUL CALLS ON SUPPORTERS TO LOBBY LEADERSHIP FOR NO COMPROMISE. RON PAUL BLASTED TOP HOUSE REPUBLICANS...
00:34:14
HOST, -
NEXT PHONE CALL FROM DETROIT. JOSEPH, REPUBLICAN. GOOD MORNING. CALLER:
00:34:22
CALLER, -
THANK YOU. THE FIRST THING I'M SHOCKED ABOUT IS THE ONLY PLACE THEY CAN KIND PLACES FOR REDUCTION OF EXPENSES IS THE SOCIAL SECURITY. THE WHOLE BUDGET...
00:35:23
HOST, -
YOU. NEXT UP, CELINE, A DEMOCRAT FROM OHIO. WHAT'S YOUR POINT OF VIEW? CALLER: GOOD
00:35:29
CALLER, -
MORNING. JUST GIVE ME A MINUTE. FIRST OF ALL -- OK, FIRST OF ALL -- I MEAN, THE REPUBLICANS THAT WE HAVE IN RIGHT NOW, IN THE PAST, NO MATTER WHAT,...
00:37:11
HOST, -
THANK YOU. LET'S GO WITH THAT POINT. BOB CUSACK, WHAT DO YOU HAVE FOR CELINE? GUEST: ALWAYS ANGER TOWARDS
00:37:19
GUEST, -
THE UNITED STATES. THERE HAS BEEN FOR DECADES. REPUBLICANS NOTE THAT THAT ANGER HAS NOT SUBSIDED NOW THAT GEORGE W. BUSH IS OUT OF OFFICE AND PRESIDENT...
00:38:32
HOST, -
THE WHIP NOTICE. THAT'S KEVIN MCCARTHY FOR THE REPUBLICANS. LAST NIGHT AT 10:30 HE PUT THIS NOTICE OUT. MEMBERS WERE ADVISED THERE WOULD BE NO MORE...
00:38:55
GUEST, -
THAT'S RIGHT. WE WERE TRYING ALSO TO ATTACH IF ANYONE WAS GOING TO MISS THE VOTE OTHER THAN OBVIOUSLY GABRY YELL GIVERRED -- GABRIELLE GIFFORDS WHO IS...
00:39:52
HOST, -
COMMENT. HE WRITES, GOVERNMENT OWES FUNDS THAT WERE BORROWED. WORTHLESS I.O.U.'S IN THE PLACE OF THE PEOPLE'S DONATIONS. THEY'RE TRYING TO GET OUT OF...
00:41:11
GUEST, -
NUMBERS ARE ESPECIALLY LOW. CONGRESSIONAL RATINGS ARE ALWAYS LOW. BUT THOSE HAVE TO BE A CONCERN FOR ANY INCUMBENT IN CONGRESS. THERE'S SO MUCH FRUSTRATION...
00:42:16
HOST, -
THAT POLL. LET ME SHOW YOU THEIR COVER. HOST: BACK TO
00:42:24
HOST, -
YOUR TELEPHONE CALLS. ROBERT, REPUBLICAN. GOOD
00:42:27
CALLER, -
MORNING. CALLER: GOOD MORNING. HOW ARE YOU? IT'S NICE TO TALK WITH YOU. BIN LADEN SAYS THE WAY TO DESTROY AMERICA IS ECONOMICALLY. OBAMA'S SPENDING...
00:43:04
HOST, -
FOR YOUR CALL, SIR. NEXT UP, A TWEET. BOEHNER'S DOWNFALL IS HIS REFUSAL TO WORK WITH DEMS AND TRYING TO REFUSE A TEA PARTY WHO WANTS NO PART OF HIM....
00:43:23
CALLER, -
MORNING. I'D LIKE TO MAKE A COMMENT AND THEN A QUESTION TO THE GUY
00:43:28
HOST, -
THERE. HOST: SURE. CALLER: I'D LIKE TO
00:43:31
CALLER, -
FIND OUT -- [INDISCERNIBLE] PEOPLE WORK THEIR BUTTS OFF ALL THESE YEARS. IT'S HANDOUT MONEY. MOSTLY LIKE A FAMILY TRADITION, YOU KNOW? WHEN KIDS...
00:44:08
HOST, -
BOB CUSACK? GUEST: THERE'S
00:44:09
GUEST, -
A LOT OF FRUSTRATION ON BOTH THE LEFT AND RIGHT. THAT'S WHAT'S PULLING, THIS HUGE TUG OF WAR THAT CONGRESS IS GOING THROUGH, LIKE CALLERS LIKE THAT....
00:45:10
HOST, -
LITTLE PAUSE HERE FOR A RELATED VOICE IN THIS PROCESS. THIS WEEKEND DEPENDING ON THE SENATE'S SCHEDULE WE'RE GOING TO BE HAVING A SPECIAL FOCUS ON "BOOK...
00:46:04
Unidentified Speaker, -
DONE. THE ATMOSPHERE IS THE GAME. THE GAME IS RE-ELECTION. YOU'VE GOT TO GET THE MONEY FOR RE-ELECTION. IN OTHER WORDS IN 1998, 12 YEARS AGO, I HAD...
00:47:03
HOST, -
WILL BE 90 LATER THIS YEAR. EXPRESSING HIS FRUSTRATION. HE'S PART OF THE MANY VOICES WE WILL INCLUDE IN OUR "CHARLESTON WEEKEND" ON "BOOK TV" AND "AMERICAN...
00:47:46
GUEST, -
ARE CONTINUING TO GO ON. WHENEVER THERE IS A CONTROVERSY OR BIG BILL, THERE'S SOMEONE IN WASHINGTON THINKING, HOW CAN I RAISE MONEY OFF OF THAT? WE'VE...
00:48:39
HOST, -
COMMENTS. YOU CAN JOIN THE CONVERSATION THERE. HOST: NEXT A CALL FROM
00:49:22
HOST, -
SOUTH LAKE TAHOE. GREG IS WATCHING US OUT THERE REPUBLICAN. GOOD MORNING. CALLER: GOOD
00:49:27
CALLER, -
MORNING. I WOULD LIKE TO SAY I AM A FISCAL AND SOCIAL CONSERVATIVE. IT OCCURS TO ME THAT THIS CURRENT CRISIS IS A CONDITION OF BOTH PARTIES OVER MULTIPLE...
00:51:12
HOST, -
HOST: OK. LET ME TURN BACK TO BOB CUSACK. GREG IS ADVOCATING REVISITING THE TAX CODE. AT SOME POINT THAT WAS AN ASPECT OF THE MAJOR PLANS THAT WERE...
00:51:29
GUEST, -
GUEST: NOT AT THE MOMENT. NO THERE ARE A LOT OF PLAN C AND PLAN D. BUT THE GRAND BARGAIN OF A HUGE DEAL WHERE YOU HAVE TRIGGERS THAT WOULD POTENTIALLY...
00:52:22
HOST, -
IS A PIECE IN THE "THE WASHINGTON POST" THIS MORNING ABOUT THE C.B.O. WHO C-SPAN VIEWERS KNOW THE REFERENCE TO IT. AND THE HEADLINE, C.B.O. PACKS AN...
00:53:10
CALLER, -
CALLER: YES. THE FIRST THING I WANT TO SAY IS I THINK IT'S A DISGRACE TO EVEN CONSIDER NOT PAYING OUR VETERANS. THE SECOND THING I WANT TO SAY IS I...
00:54:12
HOST, -
ON HOW TO ADDRESS THE DEBT PROBLEMS. AND THE QUESTION OF WHO GETS PAID FIRST, ITEMIZING THE BILL COLLECTORS. UNLESS THERE'S AN AGREEMENT, GOVERNMENT...
00:55:07
CALLER, -
GOOD MORNING, SUSAN. HOW ARE YOU
00:55:09
HOST, -
TODAY? HOST: GOOD. THANK YOU.
00:55:11
CALLER, -
CALLER: GREAT. TWO QUICK COMMENTS. MY TOTAL DISGUST AT THE IGNORANCE OF NOT ONLY SO MUCH OF THE AMERICAN VOTERS BUT ALSO THE NEWS MEDIA THAT FOSTERS...
00:56:54
HOST, -
NOTICED. HOST: ALL RIGHT. THANKS FOR YOUR CALL. A WOMAN WRITES ON TWITTER, THE WEALTHY ARE NOT THE BEST AND BRIGHTEST, THEY ARE ONLY THE MOST MONEY....
00:57:57
GUEST, -
WELL, I WENT TO THE HOUSE RULES COMMITTEE LAST NIGHT AND THE CHAIRMAN ADMITTED HE DIDN'T HAVE A LOT OF ANSWERS. THEYIF THEY PASSED A RULE LAST NIGHT...
00:59:04
HOST, -
YOU FOR BEING WITH US THIS MORNING. GUEST:
00:59:06
GUEST, -
THANK YOU. HOST: WE ENCOURAGE YOU TO GO
00:59:09
HOST, -
TO THEHILL.COM FOR MORE OF THEIR REPORTING THROUGHOUT THE DAY. WE HAVE JUST A MINUTE OR SO LEFT. LET'S TAKE ANOTHER CALL AND ANOTHER TWEET AS WE WRAP...
00:59:22
CALLER, -
PLEASE. CALLER: YES. I WAS CALLING -- I DON'T UNDERSTAND, WHY ISN'T ANYBODY BRINGING UP ABOUT THE THE $9 TRILLION THAT WAS THE FEDERAL RESERVE LOSS...
01:00:19
HOST, -
SORRY, BRENDA, WE'RE OUT OF TIME HERE. THANK YOU FOR YOUR CALL. ONE LAST VOICE HERE, JAMES ON TWITTER WRITES, HE'S REACTING TO THE DEMOCRATIC CALLER...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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