Did 'Gang of Six’ Plan Do More Harm Than Good?
They set out to find middle ground on the great debt debate and responded by a bipartisan solution that could reduce deficits by nearly $4 trillion. But did the "Gang of Six" proposal actually cause more problems that it offered to solve? According to Washington Times blogger Kerry Picket, it is likely that when the president caught wind of the "Gang's" plan last week in which three GOP senators agreed to higher tax increases than what Obama himself had presented to John Boehner, "The Anointed One" decided to ask for $400 billion more in tax hikes. So, did the "Gang's" plan cause the breakdown in negotiations with Speaker Boehner? Sean spoke with two of the three GOP members of the "Gang of Six," Oklahoma Senator Tom Coburn and Georgia Senator Saxby Chambliss. Chambliss seemed to backup Picket’s blog post. “It just so happened that the day the six of us made a report back to the bipartisan group of 50 senators that showed up at a meeting that morning, we were just telling them what we had concluded. And we really had not even reached a final agreement at that point in time. And there was a lot of euphoria in the room. A lot of folks were agreeing with the direction in which we were moving, they left the room that day, went outside to a horde of press. And next thing we knew, it just snowballed.” You can watch Sean’s entire interview with Coburn and Chambliss by clicking right here.
When Will The Bond Rating Change?
Sean was joined by Congressman Paul Ryan to discuss the ongoing debt ceiling debate and to share his thoughts on how damaging a rating change would be to our country. “You’ve been a hawk on deficits,” complimented Hannity, “Do you think this August 3rd deadline is a false one?” “Default is more like the third week in August,” responded Ryan, “That’s what we’re being told at least.” “The question is, we don’t want to artificially raise interest rates,” explained Ryan, “We have a President and a Senate that’s allergic to cutting spending.” This is one allergy we need a drug for fast.
Rep. Louie Gohmert: Do What's Right
Sean was joined by Congressman Louie Gohmert who’s taking some heat internally from some who’re looking to see a compromise on the debt ceiling negotiation. “What continues to go around on The Hill is that you’re either casting a vote for Boehner or Obama and you’re going to set the country ablaze if you do anything else,” explained Gohmert, “You have to do the things you believe in now because you don’t know if you’ll have another chance.” For those Republicans who thought, in 2008, that they’d have decades as the majority party in Washington, that should be a reminder that Congressman Gohmert is exactly right, do what’s right now because you may not have another chance.