WALLACE: All right. Let's do a lightning round. Quick questions, quick answers on some of the specific issues that you would if you become speaker.Yeah....That Marine Corps Captain should be shitting bricks. I predicted that the budget hawks would beat the defense hawks and it looks like I was right. But besides bad news for the USMC (I don't think this will affect the ACV, but it might do damage to the CH-53Ks budget/timeline) this should down right put the F-35 program office into a tail spin.
President Obama announced on Friday that he will not sign another short-term spending bill when the continuing resolution runs out in December. Would you be willing to risk a shutdown to defund Planned Parenthood?
CHAFFETZ: Well, look, we're going to have that discussion internally. We're -- my job is to help put a bill on the president's desk. The president's solution is to just borrow more money from China? That's not a solution. I want to solve this problem.
So, unless we're actually solving the problem, I have a hard time putting anything over there onto the president's desk that doesn't also solve the problem. I want to solve the problem.
WALLACE: Respectfully, because you're maybe the next speaker, would you -- how far are you willing to take the fight to defund Planned Parenthood?
CHAFFETZ: I have -- the job as speaker is to unite our party in the House and we're going to hold the line, from the whole political spectrum. That's what I want to do. And then we're going to go fight and we're going to make that case to the American people.
WALLACE: What about budget caps under sequestration? Are you willing to lift the caps so you would have more spending both on defense and some domestic spending?
CHAFFETZ: I want to cut -- personally, I want to cut spending. Personally, I just don't believe we can continue to add to the deficit. So, actually, personally, I like the budget cap.
I do believe we need more money for the military, we need more money for the V.A. We ought to take care of the people who take care of us. And I do want to fight cancer that is killing 1,500 people a day.
But that's -- again, it's not my personal agenda. We're going to move forward. As the speaker, you got to take the will of our body, appreciate and respect the process and then go fight for that.
WALLACE: The government will reach its debt limit on November 5th. Would you -- what would you demand from the president and from the Democrats in order to vote to lift the debt limit? And are you willing to risk the possibility of default in that negotiation?
CHAFFETZ: Our job in the House -- we have 246 members. Our job in the house is to actually put forward a bill. I would like it to see actually cut the deficit, not continue to add to the deficit. I don't want to borrow more money from China. I actually want to fight for those things that will solve the problem and not just keep punting it down the road.
WALLACE: But are you --
CHAFFETZ: When President Obama took office --
WALLACE: Where would you be on -- would you demand something in return for racing the debt limit?
CHAFFETZ: Well, we've got -- we're just not going to unilaterally raise the debt limit. I don't think that's a responsible thing for our company. The debt in this country when President Obama took office was $9 trillion. We're approaching $20 trillion. We're spending more than $600 million a day in interest on our national debt.
We've got to solve that problem, not just say, oh, let's just borrow more money from the Chinese. We're not going to do that.
The DoD just recommended to the President that he refuse a budget trick to get them money so its a battle between gun or butter and the budget hawks will say fuck them both.
This is about to get good. Start watching Congress cause this is gonna be entertaining!