New Congress Starts Wednesday

Monday, January 3, 2011 - 9:03am

Republicans outline their agenda heading into the new year.

House Republicans will vote soon on whether to get rid of health reform.

Michigan Representative Fred Upton said, "That will happen before the President's State of the Union address."

Florida Representative Debbie Wasserman-Schultz said, "Adding to the deficit by repealing health care reform or on the attempt is irresponsible."

It's the deficit they'll fight over next. We're very close to a 14-point-three trillion-dollar "debt ceiling" set by law, meaning the government could borrow no more. Congress can raise that limit, but will they?

South Carolina Senator Lindsey Graham said, "I'm not going to vote for a debt ceiling increase unless we go back to 2008 spending levels."

The new Republican Chair of Government Reform thinks there's plenty to cut.

California Representative Darrell Issa said, "$500 million here, $500 million there, that's a billion, $125 billion in Medicare."

Austan Goolsbee, Chair of the Council of Economic Advisors said, "We are going to have to make in the medium run a series of tough choices, and the President's not afraid to do that."

The fear is if we hit the debt ceiling, which some economists say could happen before June, the U.S. could default on its obligations, triggering a federal government shutdown.

Minnesota Representative Michele Bachmann said, "We are not look to shut the government down. No one benefits."

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