RICHMOND, VA (WWBT) – Washington is in a state of flux right now as lawmakers look to find ways to recover from the failure of the super committee. The bi-partisan group could not come up with a plan to cut trillions of dollars from the federal budget, that means deep cuts to social programs and defense could be in the offing.
RYAN: Senator Mark Warner has his own plan that has the support of republicans and democrats. He joins me now live from Washington. Thank you for being here.
WARNER: Thanks for having me on Ryan.
RYAN: I know you've worked hard with this Gang of Six to come up with an alternative plan to the super committee. But Senate Majority Leader Harry Reid really hasn't helped you out too much with that. He called your plan "happy talk". Are you disappointed in his reluctance to embrace your efforts?
WARNER: All I would say while there's a valid criticism that we have more details to fill in. Our close to 4 trillion dollar plan had 45 senators equally divided democrats and republicans - that had a ratio of about 3-1, cuts over revenues. That built upon the Simpson-Bowles plan. Actually got farther than any other effort: the vice president talks, the presidents talks, and the super committee, all those came up with goose eggs. You know we ask not to continue with all of our efforts while the super committee was working. This problem didn't go away when they didn't get the job done. Now it's 15 trillion worth of debt, and while the markets have been good the last couple of day, Europe not out of the debt crisis. That could come to us. We want to get ahead of it. I think getting our financial house back in order would be something that the American people would be happy to see happen.