Sen. Mitch McConnell (R-KY)
Rep. Jim Clyburn (D-SC)
Amanpour: wow there’s all-time record
flooding in North Dakota - clearly god is angry
that New York legalized gay marriage
Amanpour: Also Romney and Bachmann
are tied-up in Iowa and the government
will run out of money in August
Amanpour: Mitch will you crash the
world economy because you refuse to
close tax loopholes for rich people?
McConnell: borrow-and-spend politics are bad!
Amanpour: does that include Reagan,
Bush and Bush II?
McConnell: look Democrats and Republicans
agree that people like higher spending
and lower taxes
Amanpour: that is true
McConnell: damm right it is Diane
Amanpour: how about limiting tax
deductions for corporate jets?
McConnell: Christine I have tried to explain
to you that a tax hike like that is just not
possible in Washington DC today
Amanpour: if you say so
McConnell: we must cut entitlements!
Amanpour: going back to those luxury jets-
McConnell: raising taxes on corporate jets
would ruin this otherwise flourishing economy
Amanpour: what else is going on?
McConnell: we must destroy Medicare
in order to save it
Amanpour: what else do you propose?
McConnell: we must do whatever will
impress Moody’s and Standard & Poors
Amanpour: what can actually
pass the Congress?
McConnell: we can agree to cut a
billion dollars from Medicare
Amanpour: what other great ideas
do you have?
McConnell: a Constitutional amendment
to balance the budget
Amanpour: sounds like you’re
making great progress
McConnell: oh sure -
we’re debating all kinds of crazy ideas
Amanpour: could default cause a
McConnell: you know what would really
impress worldwide lenders - if we put
all old people on an ice floe
Amanpour: but you voted to cut the
tax break for ethanol
McConnell: Obama is big spender -
we need to be like Reagan and the Bushes
and be really really big spenders!
Amanpour: Jim the GOP has ruled out
tax increases so what can you do?
Clyburn: end tax gifts to rich oil companies -
is not a tax hike it’s closing loopholes!
Amanpour: but those poor oil executives
Clyburn: the GOP also wants to make
Medicaid recipients pay thousands more -
how is that fair?
Amanpour: what if you are on Medicaid
but also have a Gulfstream?
Clyburn: raising taxes has never
been on the table!
Amanpour: why not?
Clyburn: people hate high taxes -
they just want a fair low tax rate
Amanpour: so what’s the solution?
Clyburn: it’s time for the Republicans and
Democrats in Congress to agree that they can’t
accomplish anything and let the President just do it
Amanpour: I see
Clyburn: it’s very bipartisan to shuck all
responsibility and let Obama take all the blame
Amanpour: thanks for coming
[ break ]
Amanpour: George Will can Obama save us all?
Will: the Balanced Budget amendment
will revolutionize America by finally making
raising taxes on rich people impossible
Karl: the elderly will soon start getting
letters that the GOP wants to shut the
government down over tax breaks for
Dunn: Obama has the pulpit but he’s not a bully
Amanpour: that much is clear
Dunn: if we default it will be the biggest
disaster for American since Bush was President
Amanpour: oh my
Freeland: liberals like Broadway Theater
and conservatives like Political Theater
Amanpour: makes sense
Freeland: if the US defaults there will be a
global economic crash that will make 2008
look like a gay pride parade
Amanpour: Romney and Bachmann are tied
Will: Rick Perry may fill that hole
Amanpour: what makes Perry so wonderful?
Will: he created jobs like Mitt
but loves non-gay fetuses like Michele
Karl: don’t forget Bachmann is from Iowa
Audience: she was Born This Whey
Dunn: the energy in the GOP is split between
with the Values Wackos and Budget Crazies
Freeland: Jon Huntsmann is an expert
on the Chinese Communist Central Committee
Will: well that should play well in the
Amanpour: thanks for coming everyone