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(Studio: John King) The Republican view that a constitutional amendment is needed to balance the budget introduced; details given about the cut, cap and balance bill. [Representative Jason CHAFFETZ, Senator Tom CUBURN, Representative Jim JORDAN- state the case for the balanced budget amendment.] [On Friday, President OBAMA - says we don't need a balanced budget amendment.] Findings of "Wall Street Journal" and Mason-Dixon polls on the support for a balanced budget amendment and from a CBS poll on the people's view of how Republicans are handling the debt crisis cited. [In 2006, Senator Sherrod BROWN - supports a balanced budget amendment.]
(Studio: John King) Earlier interview held with Tea Party Patriots co-founder Mark Meckler about the debt ceiling. [MECKLER - downplays what will happen if the debt ceiling is not raised--that politicians will be forced to make decisions to cut the necessary programs; accuses the president of fearmongering and scare tactics and there are programs that should be cut; states do not raise the debt ceiling.]
(Studio: John King) Pew poll figures on the debt ceiling and statistics on two deficit scenarios cited.
- King, John
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