Discusses Democrats Fighting to Keep Teachers, Police, Firefighters on the Job

See video

... steve, we'll see you in a little bit. by the way, cnbc is going to have life coverage of this fed decision. comes in street signs at 2:00 p.m. eastern time, we look for that announcement at 2:15. >> the house is back with summer recess and voting on the state aid measure. joining us with the a preview first, steny hoyer, the house majority leader joins us on the hill. good to have you back. good morning to you. >> good morning, good to be with you. >> hr-1586, the education jo jo and medicaid assistance act, is it going to happen? >> it's going to pass. the senate passed it in a bipartisan way. we came back from our break to make sure we pass it. we're anxious of teachers being laid off. we think this will keep 160,000 teachers on the job teaching our children. keeping class sizes from explode chg will be not helpful to teachers or students. we think this bill is important. we think it's going to pass. obviously the states are continuing to struggle. this bill is paid for. in part, it's paid for by closing down loopholes of shipping jobs overseas. we think that's appropriate. and we think this bill will pass. >> the president is going to give it a pep talk at 11:40 in the rose garden. he'll be joined on stage by some teachers. but that has not stopped the likes of minority leader mcconnell saying the states are becoming completely dependent on us. when does it end. are these governors failing to make some tough choices of their own? >> they're not. in fact, we've seen substantial layoff at the state and local level, which is why the unemployment numbers remain very difficult to deal with. so we think it's essential that we staunch the loss of jobs, the police, fire, and teachers that we think are critical for the quality of life of our students and the safety of our people. senator mcconnell is not right here. the states are experiencing the same economic challenges that the federal government is experiencing. we need to help. we need to help, as i said, to keep the teachers on the job and to keep police and fire on the job. we're paying for it. not adding to the deficit. that's critically important. we're paying for it again by in part closing loopholes for sending jobs overseas. >> senator snow has said this should be the final payment that some hard choices are going to have to be made. can we characterize it that way? is this the last straw? >> i don't know that this is the last straw, but senator snow voted for this, of course. she thought it was important to do. she's a republican. other -- other republican voted for it as well. we think they were right in this instance. we're going to have to see what happens as we go forward. clearly a big discussion of what the fed is going to do. >> yes. >> they're concerned about the virancy of the economy. we're concerned about the vibrancy of the economy. we need to keep a close eye on making sure that we don't be pennywise and pound foolish. let the economy go further to slowdown. if we do that, obviously, revenues fall and you're chasing your tail. i think senator mcconnell is not accurate in his observations. and very frankly, i think the republican leadership in the house misconstrues where hwa the american public believe is appropriate to do in this instance. they don't want to see teachers laid off. they don't want to see class size explode or police and fire. so we think the american public understands and supports this effort. i would emphasize what this is paid for. >> understood. as you know, the recovery is a year old now. we continue to are discussions of what the fed needs to do. whether the jobless insurance needs to be extended again. the 99-week discussion. there is a point, right, at which the federal government says no mas. true or not? >> the federal government, the congress, the democratic leadership as well as the american pblic say, look, we need to look at the deficits we're incurring. i agree with that wholly. we need to make sure that we don't get to a level of debt and deficits which are dangerous. >> but -- >> having said that, clearly, if you don't make sure your economy is moving, then inevitably, your deficit and debt will explode as your revenues decrease. so it's a two-edged or two-step process here. we've got to make sure the economy is moving or we will never solve the debt and deficit problem. >> right. i guess my question is, at that point where -- where you think additional stimulus is ...