'This Week' Transcript: House Speaker John Boehner and House Democratic Leader Nancy Pelosi

INGRAHAM: Well, look, when I heard Nancy Pelosi say, well, it's time for us to be responsible, we end to look mature in this process, does $15 trillion look mature or responsible? So the debacle only becomes the conversation about what to do about the crisis, yet the debacle of the debt that we're being crushed under isn't called a debacle by huge swaths of the political classes.

So whether Pelosi's, you know, positioning herself here or Boehner is, I think it's beside the point, George. Outside of the confines of this studio, across the country, people are shocked about what's happening in Washington, a totally dereliction of duty. We have a problem. We should deal with it now, not in November, not in December, but now.

BRAZILE: I agree. I would love to see the Congress come together with commonsense solutions. This cannot be the Republican, you know, wet dream for more, more, more tax cuts. It has to deal with a balanced approach to both spending, as well as, you know, looking at all of these tax cuts that's going to expire.

I think Mr. Boehner is trying to strengthen his bargaining hand right now, because they're trying to undo the sequester, they want to extend the Bush tax cuts, but we have a deal that's already on the table that the president signed, the Budget Control Act, which cuts discretionary spending to its lowest level since President Eisenhower.

STEPHANOPOULOS: Matt, it does seem like a lame-duck session is the absolute worst time, worst place to deal with this. You're either going to have a new president who hasn't taken office yet or re-elect a president after a close election, a lot of members of Congress who are going to be leaving.

DOWD: Well, that's, I think, the situation -- you watch those interviews -- the situation we're in there's incredible dysfunction today anyway. People don't like either political party. They're tired of the Capitol, and they're tired of the White House, they're tired of a lack of leadership, they're tired of a lack of cooperation, and they're tired of all that.

We watched these two interviews. It was almost like an adult version of Dr. Seuss, where they're saying something when in reality everybody knows it's not going to happen. We're going to have an election. And the aftermath of the election -- and I don't mean to be pessimistic about this -- is only going to be more dysfunction. We're going to have less of a margin in the House, no matter who holds it. We're going to have less of a margin in the Senate, no matter who holds it. And if you have Mitt Romney as president or Barack Obama as president, there's no -- going to be no sense in the country that there is a long-term vision from either one of them of how to solve the dysfunction in Washington and creating some trust in the government.

That's the problem here. And until we solve that problem, nobody buys into anything any of these guys say.

STEPHANOPOULOS: Are you that pessimistic?

WILL: I'm not sure I'm pessimistic. I think I agree with it, but I'm not sure it's all that bad, as a matter of fact. We're going to have to have several elections to start this out, because the country is of two minds about this. I think Ron Brownstein is the one who put it nicely of the National Journal. The parties are converging in strength and diverging in ideology. That makes for stalemate, and we're going to have to live with that until several big elections -- and this will be one, but only one...

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