| 00:00:15 |
Casey, Libby - Host
YOU FOR HAVING ME. HOST: LAST WEEK TO INTRODUCE A CAMPAIGN TO FIX THE DEBT. WHAT IS IT?
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| 00:00:22 |
MacGuineas, Maya - President
GUEST: THERE ARE SOME MANY PEOPLE
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| 00:00:26 |
Casey, Libby - Host
INSIDE WASHINGTON THAT WANT TO DO SOMETHING ABOUT IT. WE ARE SEEING THAT IT IS HARD.
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| 00:00:31 |
MacGuineas, Maya - President
IT IS DIFFICULT TO PUT TOGETHER. AT LEAST $4 TRILLION OF SAVINGS TO GET THE DEBT TO A NORMAL LEVEL. IT SEEMS LIKE ONE OF THE MOST IMPORTANT THINGS TO...
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| 00:02:09 |
Casey, Libby - Host
THE DEFICIT IS ALL COMING INTO PLAY. YOU MENTIONED TWO NAMES. SIMPSON AND BOWLES. IS THAT THE CENTERPIECE? >> THE HALL COMMISSION THAT THEY WANT -- GUEST:...
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| 00:02:33 |
Unidentified Speaker, -
WITH SHOWED THAT THERE WAS A WAY TO FIX THIS PROBLEM. WE WERE COMING OFF OF YEARS FOR ALL THAT CONGRESS HAD DONE WAS MAKE
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| 00:02:39 |
MacGuineas, Maya - President
THE PROBLEM WORSE. PEOPLE WERE BECOMING VERY CYNICAL. THIS SHOWED THAT WHAT YOU WILL HAVE TO DO TO FIX THE PROBLEMS THAT WE FACE IS DEAL WITH THE BIGGEST...
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| 00:04:52 |
Casey, Libby - Host
TRILLION IN HIGHER TAXES. $2.50 TRILLION IN SPENDING CUTS. A $500 BILLION SAVINGS IN DEBT SERVICING. MARION BLAKEY -- MAYA MACGUINEAS, YOU TALKED ABOUT...
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| 00:05:23 |
MacGuineas, Maya - President
A VERY SICK WITH THE CAN SEQUESTER THAT IS ACROSS THE BOARD SPENDING CUTS. ALL COMING IN AT ONCE. THESE ARE SORT OF AUTOMATIC CHANGES. THIS IS WHAT WILL...
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| 00:06:58 |
Casey, Libby - Host
THIS WILL BE ONE OF THE BIGGEST ISSUES THE NEXT PRESIDENT HAS TO DEAL WITH. AND THE TRUTH IS, WE HAVE NOT HEARD
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| 00:07:06 |
MacGuineas, Maya - President
IN ENOUGH DETAIL FROM EITHER OF THEM HOW THEY WILL FIX THE PROBLEM. ONE OF THE THINGS THAT THE CAMPAIGN TO FIX THE DEBT IS CALLING FOR IS TO HAVE A DEBATE...
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| 00:08:24 |
Casey, Libby - Host
IS 202-737-0001. THE NUMBER TO CALL FOR OUR REPUBLICAN LINE IS 202-737-0002. THE NUMBER TO CALL FOR OUR INDEPENDENT LINE IS 202-628- 0205. WE HAVE A SUIT...
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| 00:08:47 |
CALLER, -
GOT TO WHERE WE ARE. AUGUST IT, 1861, ABRAHAM LINCOLN INSTALL THE FIRST INCOME TAX TO PAY FOR THE CIVIL WAR. EVERY PRESIDENT SINCE ABRAHAM LINCOLN UP...
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| 00:09:54 |
MacGuineas, Maya - President
FOR IT. IT HAS BEEN DAMAGING, THE FACT THAT WE SPEND SO MUCH MONEY THAT -- ON THE PAST OR SO WE DID NOT HAVE MONEY TO PAY FOR. WE'RE GOING TO SPEND MORE,...
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| 00:11:41 |
Casey, Libby - Host
PREVIOUS CALLERS SAY SHE HAS HER STATEMENTS AND THERE'S NOTHING WRONG. THEY CAN
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| 00:11:47 |
CALLER, -
WRITE DOWN ANYTHING THEY WANT. THE MONEY'S NOT THERE, IT IS INSOLVENT. I DON'T KNOW IF IT WAS THE SAME ORGANIZATION THAT TALKED ABOUT GETTING A HOLD OF...
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| 00:12:48 |
Casey, Libby - Host
TALKING ABOUT. YOUR 401K IS YOUR PRIVATE PROPERTY, BUT I CAN IMAGINE THAT WOULD
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| 00:12:53 |
MacGuineas, Maya - President
BE ALARMING TO SOMEBODY. IN TERMS OF BEING EVASIVE, WE HAVE SHOWN A LOT OF EFFORTS HOW WE CAN FIX THE DEBT. THE ONES THAT SERIOUS HAVE BEEN INCREDIBLY...
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| 00:15:58 |
Unidentified Speaker, -
IT IS FOR CITIZENS TO CALL ON CONGRESS TO MOVE FORWARD ON A FISCAL PLAN BY JULY 4, 2013. >> SOCIAL MEDIA IS A NEW WAY OF GALVANIZING PEOPLE. NOT ONLY...
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| 00:16:14 |
Unidentified Speaker, -
BECOME ACTIVE ON THE ISSUE. ONE OF OUR CALLS TO USE SOCIAL MEDIA TO TAKE PEOPLE WHO KNOW THIS IS A PROBLEM, WANT TO SEE WASHINGTON BELOW THE FIX THESE...
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| 00:17:27 |
Unidentified Speaker, -
A COMMENT, WE DO NOT NEED MORE NEW TAXES
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| 00:17:31 |
CALLER, -
I AM WORKING SIX MONTHS OUT OF A YEAR NOW TO PAY FOR THE HAIR CUTS, FOOD, EVERYTHING FOR THE LEGISLATURES. THEY'RE NOT MY CHILDREN. SECOND, WHERE IS MY...
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| 00:18:04 |
Casey, Libby - Host
THE CHANGES WE WILL NEED TO MAKE. YOU ARE RIGHT. WE NEED TO GO TO THE BUDGET LINE BY LINE BY LINE AND MAKE SURE THAT ALL OF OUR TAX DOLLARS ARE BEING...
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| 00:20:17 |
Casey, Libby - Host
AT ONCE, OR DO IN THE COUNTRY LARGE DEFICITS THAT WILL PERMANENTLY SLOW ECONOMIC GROWTH AND INCREASE THE LIKELIHOOD OF A FISCAL CRISIS. A LAW IN THE COUNTRY...
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| 00:21:08 |
MacGuineas, Maya - President
ALSO WANT TO SOLVE THE PROBLEM. THERE ARE A LOT OF MEMBERS IN THE SENATE AND THE HOUSE TO THINK THIS IS THE MOST IMPORTANT ISSUE, AND SPENT A GREAT...
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| 00:22:03 |
Casey, Libby - Host
WITH EACH OTHER AND COME TO SOME KIND OF BUDGET?
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| 00:22:06 |
CALLER, -
I DO BELIEVE SOCIAL SECURITY WILL GO IN THE WHOLE EVENTUALLY. PEOPLE ARE LIVING LONGER, SO MANY MORE PEOPLE ARE APPLYING FOR SOCIAL SECURITY TO ENTER...
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| 00:23:15 |
Casey, Libby - Host
THE CONGRESS CANNOT BUTT WITH
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| 00:23:20 |
CALLER, -
THE PRESIDENT AND NOT GET ANYTHING DONE. SOMEONE HAS TO DO SOMETHING. HOST: LET'S GET A RESPONSE FROM MAYA MACGUINEAS ABOUT THE POOR AND FEDERAL GOVERNMENT...
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| 00:23:34 |
Casey, Libby - Host
IN GROWING TOO MUCH. GUEST: THE POINT WE CANNOT BE A GREAT COUNTRY WHEN WE ARE FINANCIALLY DEPENDENT ON OTHERS FOR LENDING US MONEY IS ABSOLUTELY RIGHT....
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| 00:23:45 |
MacGuineas, Maya - President
TO BE WORRIED ABOUT THIS. BUT I WOULD GO BACK TO THE POINT, WHICH HE MADE ALSO, WHICH AS WE CAN DO THIS IN NO WAY THAT ALL PROTECT THE POOR, THAT WILL...
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| 00:25:53 |
Casey, Libby - Host
GUEST: WHAT IS GREAT IS, PEOPLE ABOUT SOME SYMBOLS. A LOT OF THIS IS BECAUSE THE TWO FOLKS WHO LED THIS COMMISSION AND JOINED BY MANY OF THEIR COLLEAGUES
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| 00:26:10 |
MacGuineas, Maya - President
FROM THE RIGHT AND LEFT IN SUPPORTING THIS HAS TRAVERSED THE COUNTRY TALKING TO PEOPLE ABOUT THIS ISSUE. IF THERE ARE TWO PEOPLE OUT THERE WHO TELL LIKE...
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| 00:27:56 |
Casey, Libby - Host
THE ACCOUNTABILITY
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| 00:28:02 |
CALLER, -
OFFICE COMES UP WITH THESE GUYS GOING TO VEGAS AND SPENDING $500 MILLION ON A TRIP TO VEGAS, YOU ADD THAT UP, $20,000 FOR BEEN STICKS? YOU GO THROUGH...
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| 00:29:16 |
MacGuineas, Maya - President
GET RID OF THOSE KINDS OF IRRESPONSIBLE ACTS AND SHOULD NEVER BE WASTING OUR MONEY. HOWEVER, IT IS NOT THE CORE OF THE PROBLEM WHEN IT COMES TO THE...
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| 00:30:56 |
Casey, Libby - Host
OF THAT EFFORT. LET'S LOOK AT SOME OF THE KEY ELEMENTS OF THIS, CALLING FOR LAWMAKERS TO ACKNOWLEDGE THAT IS A SECURITY THREAT. STABILIZE THE DEBT AS...
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| 00:31:39 |
MacGuineas, Maya - President
OF THE BUDGET. THE RESULTS OF A BIG DEBT DEAL IS IT WILL HELP THE ECONOMY, THE FISCAL SITUATION WILL IMPROVE. YOU WANT TO MAKE SURE THE RESULT OF LAWMAKERS...
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| 00:33:06 |
Casey, Libby - Host
HEARING ABOUT IS SHARED SACRIFICE.
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| 00:33:09 |
CALLER, -
IT IS OBVIOUS THE 99%, MYSELF INCLUDED, HAS DONE ALL THE SACRIFICING AND IT SEEMS TO ME THE TOP 1% HAS BEEN DOING ALL THE SHARING OF THE SACRIFICES. IT...
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| 00:35:07 |
MacGuineas, Maya - President
WORKING POOR, THE MIDDLE CLASS AND ALSO THE WEALTHY, AND YOU CAN SEE THE PROPOSED FEDERAL INCOME-TAX RATE AND A PRECEDENT OF THEM IN BLUE AND UNDER...
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| 00:35:46 |
MacGuineas, Maya - President
MUCH WE'RE SPENDING AND HOW MUCH WE'RE TAKING IN IN REVENUES IS TREMENDOUS. HUNDREDS OF HUNDREDS OF HUNDREDS OF BILLIONS OF DOLLARS WE BORROW EVERY YEAR,...
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| 00:38:17 |
Casey, Libby - Host
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| 00:38:19 |
CALLER, -
TAKING OFF WITH THE LAST CALLER SHARED, THIS PROBLEM HAS BEEN GOING ON FOR A LONG TIME. INCOME EQUALITY IS THE PROBLEM. UNTIL YOU FIX THAT THE ALLEGED...
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| 00:39:08 |
MacGuineas, Maya - President
THINK IT STARTS TO THE BEGINNING. WE NEED TO INVEST A WHOLE LOT MORE IN HUMAN CAPITAL IN THIS COUNTRY. WE NEED TO BE MAKING SURE THERE ARE GOOD JOBS,...
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| 00:40:29 |
Casey, Libby - Host
CALLER: GOOD MORNING. I HAVE TO THE POINTS. AND SO SECURITY, THEY
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| 00:40:36 |
CALLER, -
HAVE 1 MILLION ILLEGAL ALIENS -- HOST: AND YOU STILL WITH US? CALLER: YES, WE HAVE A LEGAL
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| 00:40:48 |
Casey, Libby - Host
ALIENS. NOW
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| 00:40:54 |
CALLER, -
OBAMA WENT DOWN THERE TO NEGOTIATE MEXICO TO GIVE ALL THE FARM WORKERS AND ILLEGAL ALIENS FOOD STAMPS TO COME INTO THIS COUNTRY. HOST: WE'RE RUNNING SHORT...
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| 00:41:14 |
Casey, Libby - Host
KIDS. ARE THEY GOING TO DRAW SUCH A SECURITY
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| 00:41:19 |
CALLER, -
BENEFITS? HOST: THE DREAM ACT. DON IS ALSO CONCERN ABOUT ILLEGAL IMMIGRANTS
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| 00:41:27 |
Casey, Libby - Host
GETTING ON THE SOCIAL SECURITY ROLE IN ILLEGALLY. GUEST: WE'RE HEARING A LOT OF THINGS ABOUT THE WASTE IN GOVERNMENT SPENDING, THE ILLEGAL PIECES OF THIS,...
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| 00:41:38 |
MacGuineas, Maya - President
IN THE WRONG WAY. I HAVE TO TELL YOU, THIS IS ABOUT WHAT IS DRIVING THE PROBLEM READ ALL OF THOSE ARE ABSOLUTELY LEGITIMATE ISSUES. IF YOU THINK CARE...
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| 00:43:08 |
Casey, Libby - Host
MONTHS, THE COMMITTEE FOR RESPONSIBLE FEDERAL BUDGET OUTLINES POLICIES THAT EXPIRE OR ACTIVATE AN HOUR AFTER 2012 INCLUDING THE BUSH-A TAX CUTS, THE SEQUESTER....
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| 00:43:37 |
MacGuineas, Maya - President
WE HAVE THIS HUGE PROBLEM, WE'RE TAKING A YEAR OFF BECAUSE IT IS AN ELECTION YEAR? NOBODY ELSE GETS TO TAKE OFF THE AIR. WE NEED TO BE WORKING ON THIS...
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| 00:45:13 |
MacGuineas, Maya - President
PRESIDENT OF THE AEROSPACE INDUSTRIES ASSOCIATION. ALSO, TOM TIDWELL, HEAD OF THE U.S.
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| 00:45:18 |
Casey, Libby - Host
FOREST SERVICE. FIRST, A NEWS UPDATE FROM C-SPAN RADIO. >> THE SUSPECTED GUNMAN IN THE COLORADO THEATER SHOOTING HAS HIS FIRST COURT APPEARANCE TODAY....
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| 00:45:36 |
Unidentified Speaker, -
AUTHORITIES SAY JAMES HOLMES HAS NOT BEEN COOPERATING IN THE INVESTIGATION AND THE MOTIVE IN THE ATTACK THAT KILLED 12 PEOPLE IS STILL NOT KNOWN. TURNING...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.