The transcript is here.
The transcript of my conversation with Senator Ron Johnson is posted here. We also cover the Liu filibuster and the debt ceiling talks.
Johnson on the debt ceiling negotiations:
[I]t’s the moment of maximum leverage, quite honestly. And we’ve got to utilize that to maximum benefit. You know, over 70% of the American people do not want us to increase the debt ceiling. And you know what the administration is doing right now is they are trying to scare the markets when a responsible leader would try and calm the markets. The fact of the matter is, if we don’t increase the debt ceiling, we’re not talking about Armageddon. The world isn’t going to come to an end. What would end up happening is we simply would have to live within our means. And our means, according to Obama’s own budget for 2012, we should be pulling in about $2.6 trillion dollars of revenue next year, and that’s when we’re talking about. This the time frame. That is over $800 billion dollars more than the Clinton administration spent in their last budget. Their last budget was $1.8 trillion dollars. So we would have to live within a $2.6 trillion dollar, I’m sorry to refer to this as the debt ceiling budget. Now we’re not recommending it, we’re not proposing it. But it’s not Armageddon, and I wish the President would stop scaring the markets. What the President should do, you know, I’ve been running business for 31 years. If you’ve got some problems in a business, you plan. You try and create contingency plans. And what I think this president ought to do right now is start planning for the eventuality.