| 00:00:06 |
Unidentified Speaker, -
HOURS AND THE ROUNDTABLE IS BACK AGAIN THIS WEEK WITH NEW CLARITY ON THE FISCAL CLIFF -- OUR ROUNDTABLE IS BACK AGAIN THIS WEEK WITH A CLARITY ON THE...
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| 00:00:26 |
Unidentified Speaker, -
QUESTION. I GUESS CONGRESS WILL GET BACK ON WEDNESDAY. WE WILL SEE THEY CAN COME UP WITH SOMETHING, SOME FIGLEAF THAT WILL GIVE EVERYBODY ENOUGH POLITICAL...
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| 00:00:48 |
Scully, Steven - Host
IT ABOUT A 75% CHANCE THAT WE WOULD GO OVER THE CLIFF A COUPLE OF WEEKS AGO. GUEST: OF TODAY
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| 00:00:56 |
Collender, Stanley - National Director
ARE CLOSE TO 90%. THE NEW MENTALITY IN WASHINGTON SEEMS TO BE, WE DO NOT HAVE TO DO THIS BY DECEMBER 31. THE DAMAGE TO THE ECONOMY IN THE SHORT TERM WILL...
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| 00:01:20 |
Scully, Steven - Host
OVER? GUEST: IT IS A SLOPE,
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| 00:01:26 |
Gordon, Josh - Policy Director
THAT IS IMPORTANT TO LAY OUT. YOU DO NOT HAVE MAJOR ECONOMIC EFFECTS ON YOUR AVERAGE PERSON'S TAKE-HOME PAY. IT WOULD TAKE A COUPLE OF WEEKS FOR THAT...
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| 00:01:51 |
Scully, Steven - Host
OF THE HILL. WHAT WAS THE LAST TIME THAT YOU REMEMBER THAT CONGRESS WAS HERE BETWEEN CHRISTMAS AND NEW YEAR'S? GUEST: IT HAS HAPPENED A
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| 00:02:01 |
Collender, Stanley - National Director
LOT, ESPECIALLY ON BUDGET RELATED MATTERS. EVEN WHEN I WORKED ON THE HILL, WHICH WAS 30 SOME YEARS AGO, THE ROLLING UP SESSIONS THAT MAY NOT HAVE GONE...
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| 00:02:28 |
Scully, Steven - Host
THIS, IT IS AVAILABLE ONLINE AT THEHILL.COM -- THE ACTIVISTS ARE SEEING THAT SPEAKER BOEHNER AND OTHER REPUBLICAN LEADERS ARE TOO SCARED ABOUT SUFFERING...
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| 00:03:14 |
Gordon, Josh - Policy Director
MAKES SENSE TO ME. YOU NEED TO GET SOMETHING TO THE HOUSE REPUBLICANS, AND THE PRESIDENT HAS TO SIGN SOMETHING. IF THAT DOES NOT HAPPEN, THEN YOU HAVE...
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| 00:03:52 |
Collender, Stanley - National Director
ALSO SEEN ALL THE POLLS THAT SHOW THAT THE PRESIDENT'S POPULAR THE IS CLOSE TO AN ALL-TIME HIGH, AND THE POLLS SHOW DEFINITIVELY THAT THE REPUBLICANS...
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| 00:04:22 |
Scully, Steven - Host
WHEN YOU MAKE A PUBLIC THREAT, YOU BETTER BE ABLE TO BACK UP -- GUEST:
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| 00:04:32 |
Collender, Stanley - National Director
WASHINGTON WIZARDS MIGHT HAVE HAD A WORSE WEEK. FROM A POLITICAL STANDPOINT, THIS WAS A MONUMENTAL EMBARRASSMENT FOR THE SPEAKER. HOST: I WANT TO MAKE...
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| 00:04:41 |
Scully, Steven - Host
I GET THE TITLE OF THIS CORRECT. "THE GUIDE TO THE FEDERAL BUDGET." HOW BIG IS THE FEDERAL BUDGET? HOW MUCH DO TAKE IN? , TO DO SPEND? HOW MUCH IS $16...
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| 00:04:57 |
Collender, Stanley - National Director
PAYROLL SPENDING WILL BE ABOUT $3.80 TRILLION. REVENUES WILL BE ABOUT $2.80 TRILLION. WE HAVE A DEFICIT OF ABOUT $1 TRILLION. THAT IS FOR FISCAL 2013....
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| 00:05:56 |
Unidentified Speaker, -
DID WE GET TO THIS POINT? WE HAVE SEEN THE DEFICIT UNDER THIS PRESIDENT GO UP BY ABOUT $1 TRILLION. GUEST: THERE
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| 00:06:07 |
Gordon, Josh - Policy Director
ARE TWO WAYS TO LOOK AT IT. WHEN YOU'RE LOOKING AT THE SIZE OF DEBT AND WHERE WE ARE GOING, RIGHT NOW, WE ARE STILL COMING OUT OF THIS ECONOMIC CRISIS....
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| 00:08:02 |
Scully, Steven - Host
OUR SUNDAY ROUND TABLE INCLUDES STAN COLLANDER. AND WHAT HAPPENS NEXT AS WE REACHED THE JANUARY 1 DEADLINE? LET ME SHARE WITH YOU -- JONATHAN STRONG OF...
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| 00:09:14 |
Collender, Stanley - National Director
SURE THAT JOHN BOEHNER WILL BE AT THE TABLE. HE SAID IT IS NOW UP TO THE SENATE, I AM GOING HOME. IT IS NOT TAKING MY BALL AND GOING HOME, BUT IT IS DOING...
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| 00:10:36 |
Unidentified Speaker, -
WE NEED TO CUT SPENDING. SEQUESTRATION WAS A DEMOCRATIC DEAL. DEAL WITH IT. GUEST: I
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| 00:10:45 |
Gordon, Josh - Policy Director
WOULD CALL THAT A DEAL BETWEEN THE REPUBLICAN CONGRESS AND PRESIDENT. THE WHOLE POINT OF SEQUESTRATION, IF WE REMEMBER, WAS NOT TO HAVE TO TAKE EFFECT....
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| 00:11:58 |
Scully, Steven - Host
AND JOSHUA GORDON. DEMOCRATS LINE, GOOD MORNING. CALLER: GOOD
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| 00:12:07 |
CALLER, -
MORNING AND MARY CHRISTMAS. I DO NOT BELIEVE THIS CONGRESS IS GOING TO BE ABLE TO DEAL WITH THE FISCAL CLIFF. THE NEXT CONGRESS, UNLESS THEY REFORM...
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| 00:13:25 |
Scully, Steven - Host
CALL. CALLER: GUEST:
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| 00:13:32 |
CALLER, -
SO MANY THINGS. BASICALLY, YOU ARE ASSUMING THAT JOHN BOEHNER WOULD BE ELECTED SPEAKER IN A DEMOCRATIC HOUSE. IT IS NOT LIKELY THAT THEY WOULD GIVE HIM...
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| 00:14:12 |
Scully, Steven - Host
AGREE OR DISAGREE? GUEST:
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| 00:14:17 |
Collender, Stanley - National Director
I AGREE COMPLETELY. THIS IS SOMETHING THAT HAD TO TAKE PLACE, A CONVERSATION WITH THE REPUBLICAN PARTY. I STARTED TO SAY THIS BEFORE THE ELECTION DAY....
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| 00:15:13 |
Scully, Steven - Host
NUMBER OF REPUBLICANS WHO SAY THAT THE PROBLEM IS SPENDING. THE GOVERNMENT NEEDS TO CUT SPENDING. THAT IS WHERE WE NEED TO GO IN TERMS OF REDUCING...
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| 00:15:24 |
Gordon, Josh - Policy Director
TRUE, WE TO CUT SPENDING, BUT THERE IS SOME CONFLICTING OF A COUPLE ISSUES. WE TO CUT LONG-TERM SPENDING ON RETIREMENT PROGRAMS TO MAKE THEM MORE IN...
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| 00:16:31 |
Scully, Steven - Host
YOU WHAT FAMILY PET RICH WRITES. SHE SAYS IT IS ALMOST CERTAIN THAT SOCIAL SECURITY WILL BE PART OF THE DEAL. CONTINUED MURKINESS HAS AT BECAUSE THE...
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| 00:16:54 |
Unidentified Speaker, -
IT HAS TO BE. >> GUEST:
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| 00:17:02 |
Collender, Stanley - National Director
DESPITE THE CONVERSATIONS ABOUT THE GRAND BARGAIN, IT WAS NEVER GOING TO HAPPEN, THERE HAD NOT BEEN ENOUGH PREPARATION. ONE OF MY PREDICTIONS FROM MY...
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| 00:17:49 |
Unidentified Speaker, -
HARDER TODAY THAN IT WAS IN 1986, WHEN HER OF WRITING WAS ABLE TO FORGE A COMPROMISE ON TAX REFORM? GUEST: WHERE
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| 00:17:58 |
Collender, Stanley - National Director
DO YOU WANT TO START? COMMUNICATIONS ARE VERY DIFFERENT NOW. THE INTERNET, A CABLE TV, INFORMING PEOPLE DIFFERENTLY. YOU HAVE A DIFFERENT SITUATION...
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| 00:19:00 |
Gordon, Josh - Policy Director
WHEN YOU ARE LOOKING AT THIS SPECIFIC DEAL IN YOU WANT TO KNOW WHY THEY CANNOT GET TOGETHER, ONE OF THE THINGS PEOPLE FORGET, THEY HAVE ALREADY DONE A...
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| 00:20:19 |
Scully, Steven - Host
IS WHAT JOHNSTON SAYS ON TWITTER. GUEST: MATHEMATICALLY, IT IS
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| 00:20:27 |
Collender, Stanley - National Director
ONE OF TWO THINGS OR BOTH. YOU COULD ALSO SAY WE ARE TAKING IN LESS THAN WE ARE SPENDING. THE QUESTION IS, COMMITMENTS LIKE MEDICARE AND SOCIAL SECURITY,...
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| 00:21:25 |
Scully, Steven - Host
NEXT PHONE CALL. CALLER: I HAD
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| 00:21:31 |
CALLER, -
A COUPLE OF THINGS I WANTED TO BRING UP. WHAT WAS THE TAX CODE THAT THE GENTLEMEN BROUGHT UP. LONG AGO I WAS TALKING TO MY SENATOR AND REPRESENTATIVE...
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| 00:22:46 |
Scully, Steven - Host
ON THIS, WE CANNOT GET TAX REFORM WITH THE CURRENT CONGRESS. THEY DO NOT HAVE THE CAPACITY. GUEST: I AM NOT READY
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| 00:22:56 |
Gordon, Josh - Policy Director
TO WRITE IT OFF COMPLETELY. HOST: YOU ARE
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| 00:23:04 |
Scully, Steven - Host
MORE OPTIMISTIC THAN STAN COLLENDER. GUEST: WE HAD A DISAGREEMENT
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| 00:23:16 |
Gordon, Josh - Policy Director
ON THIS LAST WEEK. THERE IS AN UNDERLYING CONSENSUS ON THE HILL THAT WE NEED TO DO TAX REFORM, MAINLY BECAUSE YOU HAVE THESE TAX EXPENDITURES WHICH...
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| 00:24:07 |
Scully, Steven - Host
REPUBLICAN LINE. GOOD MORNING. CALLER: MY QUESTION IS,
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| 00:24:15 |
CALLER, -
WHEN DOES OUR CURRENCY BECOME ALMOST WORTHLESS? WHEN WE GET TO 80% OF OUR GDP SPENDING? WHAT IS THE PURPOSE OF GOLD? I KNOW WHAT THE PURPOSE OF GOLD IN...
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| 00:24:57 |
Collender, Stanley - National Director
KNOW ABOUT YOU. IT CHANGES BASED ON COMMODITY PRICES AROUND THE WORLD. THANK YOU FOR SAYING AT LEAST THAT THERE IS GOLD IN FORT KNOX. MOST OF THE TIME...
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| 00:26:46 |
Scully, Steven - Host
OF. HOST: ONE OF OUR VIEWER SAYS, HOW WELL WALL STREET REACTS TO THE FISCAL CLIFF? WE KNOW THERE WILL BE A DEAL. WELL STOCKS DROPPED ANYWAY? TO FOLLOW...
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| 00:26:51 |
Gordon, Josh - Policy Director
GUEST: I DO. IT IS POSSIBLE THE MARKET WILL REFLECT DISPLEASURE OR CONCERN OR WORRY ABOUT GOING OVER THE CLIFF. IT IS IMPORTANT FOR THE AVERAGE AMERICAN...
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| 00:28:18 |
Collender, Stanley - National Director
ONE OF THE THINGS THE MARKET MIGHT REACT TO IS A DROP IN CONSUMER SPENDING. YOU MIGHT EXPECT INDIVIDUAL PRODUCTS TO BE AFFECTED PRETTY SUBSTANTIALLY....
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| 00:29:08 |
Scully, Steven - Host
TO SOME OF THE COMMENTS THAT YOU MADE EARLIER. THIS IS FOUND ON LINE AT THE POLITICO. POINTING OUT A FEW THINGS, FIRST OF ALL, THE PRESIDENT EXPRESSING...
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| 00:29:53 |
Collender, Stanley - National Director
WILL FIX IT SOMETIME IN JANUARY. IT IS HARD TO SEE EXACTLY HOW YOU GET THERE FROM HERE. HOST: DOES THE
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| 00:30:01 |
Scully, Steven - Host
NEW CONGRESS HELP? IT WILL BE A SMALLER MAJORITY FOR THE REPUBLICANS IN THE HOUSE. GUEST: IN THE
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| 00:30:09 |
Collender, Stanley - National Director
SENATE, THE DEMOCRATS ONLY FIVE REPUBLICANS TO COME OVER. THEY WILL HAVE 55 DEMOCRATS. IN THE HOUSE, IT MAY MAKE THINGS MORE DIFFICULT. THE REPUBLICAN...
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| 00:31:02 |
Scully, Steven - Host
POTENTIALLY WHAT YOU COULD FACE IF THE FISCAL CLIFF BEGINS IN JANUARY. INCREASE OF $400 IF YOUR INCOME IS $20,000 A YEAR. IT INCREASES SUBSTANTIALLY...
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| 00:31:34 |
CALLER, -
ARE SO MANY ISSUES TO ADDRESS HERE BUT I CERTAINLY WANTED TO TALK TO JOSHUA WAS SPECIFICALLY. I RETIRED FROM THE AIR FORCE AFTER 20 YEARS AND RECENTLY...
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| 00:33:12 |
Gordon, Josh - Policy Director
THE DISABILITY INSURANCE PROGRAM AND THEN THE SUPPLEMENTAL INCOME PROGRAM, WHICH HELPS RETIREES GET INCOME AS THEY GO THROUGH -- IT PAID INTO THAT. THE...
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| 00:35:02 |
Scully, Steven - Host
OF THE PRESIDENT. WHEN THE PRESIDENT IS CRITICAL OF PROBLEMS HE CAUSED, HE GOES ON VACATION. AND BETTY IS WITH US FROM ALBUQUERQUE, NEW MEXICO. DEMOCRATS...
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| 00:35:21 |
CALLER, -
MORNING AND HAPPY HOLIDAYS. WHEN WE DISCUSSED THE REPUBLICAN PARTY THESE DAYS, IT SEEMS PEOPLE DO NOT WANT TO TALK ABOUT THE FACT THAT THEY REALLY ARE...
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| 00:36:35 |
Gordon, Josh - Policy Director
YOU CAN CLEARLY LOOK, OVER THE YEARS FROM 2001, WHEN WE HAD A PROJECTED SURPLUS, UNTIL NOW, AND FIGURE OUT THAT THE MAIN DIFFERENCES AND WHY WE DO NOT...
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| 00:37:23 |
Scully, Steven - Host
THERE IS A PIECE THIS MORNING IN "THE NEW YORK TIMES" -- THE ESSENCE OF THIS IS SOMETHING THAT YOU PROBABLY REMEMBER WELL. THE AGREEMENT BETWEEN THE GEORGE...
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| 00:37:54 |
Collender, Stanley - National Director
THERE ARE SEVERAL NAMES THAT ARE NOT SPOKEN OF IN BLACK REPUBLICAN CIRCLES. ONE OF THEM IS GEORGE BUSH 41. ANOTHER IS DICK GARBAGE. IF YOU REMEMBER,...
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| 00:39:24 |
CALLER, -
MORNING. I HAVE A COMMENT ON THE ENTITLEMENT PROGRAMS, SPENDING. I BELIEVE SOCIAL SECURITY AND MEDICARE PROGRAMS DO NOT NEED CUTTING. THAT IS THE ELDERLY'S...
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| 00:40:34 |
Scully, Steven - Host
YOUR POINT IN ALL THIS? CALLER: MY
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| 00:40:40 |
CALLER, -
POINT IS, THE MONEY THAT IS BEING SPENT ON THESE OTHER ENTITLEMENT PROGRAMS HAVE TO BE CUT BECAUSE THESE PEOPLE ARE ABLE TO GET OUT OF WORK AND MAKE A...
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| 00:41:01 |
Gordon, Josh - Policy Director
MAIN THING TO PAY IT TO DO ABOUT THE FEDERAL BUDGET -- AND THIS IS SOMETHING THAT PEOPLE SAY FLIPPANTLY SOME TIMES. AT THE U.S. GOVERNMENT IS AN INSURANCE...
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| 00:42:35 |
Scully, Steven - Host
YOUR EARLIER POINT ABOUT THE 1990 AGREEMENT. RONALD REAGAN WAS PROMISED TWO- ONE SPENDING CUTS TO TAXES. TIP O'NEILL AND COMPANY LAW AND ONCE AGAIN. GUEST:...
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| 00:42:50 |
Collender, Stanley - National Director
A MYTH. A GOOD EXAMPLE OF THAT IN THE POST BY THE WRITER THAT TALKS ABOUT PINOCCHIO. IT HAS DEVELOPED INTO ALMOST A LEGEND BUT IT WAS A 121 PROMISE THAT...
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| 00:43:11 |
Scully, Steven - Host
IS ASSIGNING BLAME MORE IMPORTANT THAN GETTING A RESOLUTION? THAT FROM RICK ON THE TWITTER PAGE. GUEST:
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| 00:43:20 |
Gordon, Josh - Policy Director
4 POLITICIANS, ASSIGNING BLAME IS PART OF WHAT THEY DO, THAT IS PART OF THEIR JOB DESCRIPTION. THE NEED TO EXPLAIN TO THEIR CONSTITUENTS WHY THEY ARE...
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| 00:43:59 |
Scully, Steven - Host
DEMOCRAT'S LINE. PENNSYLVANIA. GOOD MORNING. CALLER:
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| 00:44:06 |
CALLER, -
THIS IS 1981 ALL OVER AGAIN WHEN RONALD REAGAN TOOK OFFICE. THE NATIONAL DEBT WAS $800 BILLION. THEY GAVE US TAX CUTS, TAX REFORM. REAGAN TRIPLED IN...
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| 00:45:06 |
Scully, Steven - Host
THERE FOR MUCH OF THAT DEBATE. GUEST: A LOT OF
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| 00:45:10 |
Collender, Stanley - National Director
THAT HISTORY THAT DAVE IS MENTIONING IS CORRECT. THERE HAVE BEEN A LOT OF CHANGES GOING ON, UPS AND DOWNS. THE CURRENT DEBATE IS DIFFERENT, DO NOT FORGET....
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| 00:46:19 |
Scully, Steven - Host
TO "THE NATIONAL JOURNAL." THREE REASONS WHY MITCH MCCONNELL WILL NOT SAVE THE FISCAL CLIFF NEGOTIATIONS. THE FIRST ONE, MOST IMPORTANTLY, HE IS MISSING...
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| 00:47:20 |
Unidentified Speaker, -
FOR REELECTION IN 2014. BY ALL POLLING, IT LOOKS LIKE IT WILL BE A LOT TOUGHER. HE ALSO HAS A COLLEAGUE IN RAND PAUL, WHO IS A TEA PARTY YOURIER. YOU...
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| 00:47:53 |
Scully, Steven - Host
WHAT WILL BE SPECIFICALLY AFFECTED IN THE ECONOMY IF WE GO OVER THE CLIFF? GUEST: INSTEAD
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| 00:48:02 |
Collender, Stanley - National Director
OF GIVING YOU MY OWN NUMBERS, LET ME USE THE CONGRESSIONAL BUDGET OFFICE ESTIMATES. IF WE GO OVER THE CLIFF, AND IF THE CLIP STAYS IN PLACE FOR THE WHOLE...
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| 00:49:21 |
Scully, Steven - Host
A POINT FROM IT. YOU CAN JOIN THE CONVERSATION ON OUR TWITTER PAGE. YOU CAN ALSO SEND US AN E-MAIL. WE WELCOME YOUR COMMENTS AND PHONE CALLS. FRANK IS...
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| 00:49:32 |
CALLER, -
RECESSION. IT SEEMS YOU GUYS ARE THROWING AROUND A LOT OF RHETORIC. THIS IS ALL WE HEAR. LOOK AT WHAT IS HAPPENING IN THE UNITED STATES AS FAR AS WAGES...
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| 00:51:03 |
Scully, Steven - Host
ANOTHER CALL. MATT FROM BIRMINGHAM, ALABAMA. WHAT HAPPENS NEXT IN THE DEBATE OVER THE FISCAL CLIFF.
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| 00:51:06 |
CALLER, -
CALLER: HOST: CURRENT STATE OF OUR ECONOMY, IF THE GOVERNMENT IS NOT DOING THEIR JOB AND ARE TAKING THEIR VACATION AND STUFF, WHY DON'T THEY START AT...
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| 00:51:33 |
Scully, Steven - Host
FROM MANCHESTER, NEW JERSEY. CALLER: YOU WILL
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| 00:51:35 |
CALLER, -
NEVER GET THE GOP IN POWER TO CORPORATE. THAT IS NOT THEIR GOAL. THEIR GOAL IS TO MAKE PRESIDENT OBAMA A FAILURE, THE MATTER WHAT IT DOES TO THIS COUNTRY,...
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| 00:51:44 |
Scully, Steven - Host
WRESTLE THEM UP. LOTS OF DIFFERENT POINTS OF VIEW. JOSHUA GORDON. CALLER: GUEST: THE MAIN ISSUE
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| 00:52:00 |
CALLER, -
IS WHEN YOU LOOK AT HOW SPENDING PROGRAMS ARE GROWING MORE QUICKLY THAN THE ECONOMY. WE NEED TO LOOK AT HOW WE ARE GOING TO PAY FOR THAT. IF WE ARE NOT...
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| 00:53:41 |
HOST, -
THE WEBSITE FOR DRUG SHORTING IS CONCORDCOALITION.ORG. ALL OF THESE WEB SITES WILL BE ON C-SPAN.ORG. TO WRAP UP WITH THIS QUESTION, IN THE SHORT TERM,...
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| 00:54:06 |
Collender, Stanley - National Director
TO SEE IF THERE IS A BREAKTHROUGH. THERE ARE SOME FOLKS IN THE HOUSE WHO SAY, ENOUGH OF THIS, LET'S MOVE FORWARD. I AM ALSO LOOKING TO SEE IF THERE IS...
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| 00:54:52 |
HOST, -
TO GIVE UP THE LEVERAGED IT THINKS IT HAS RIGHT NOW. IF THERE IS GOING TO BE AN EXTENSION, THE PRESENT WILL HAVE TO GET AN EXTENSION FOR THOSE EARNING...
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| 00:55:09 |
HOST, -
COLLENDER, JOSHUA GORDON, THANK YOU FOR BEING WITH US. WE WILL TAKE A SHORT BREAK. WHEN WE COME BACK, A NEW E-BOOK WITH SOME FASCINATING INSIGHTS OVER...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.