'This Week' Transcript: Hoyer, Boehner and Bill Gates

HOYER: Look, can I conclude on the deficit? Because the president -- we've adopted statutory PAYGO, which they jettisoned.

BOEHNER: And you've ignored it every time you've had a chance to use it.

TAPPER: All right, guys...

HOYER: The president sent down a freeze in spending. And he established a commission to look at long-term spending control. All of that is positive movement.

TAPPER: Let's move on to the oil spill.

BOEHNER: The American people want spending cut now.

TAPPER: Got it. Let's move on to the oil spill, because I want to get your reaction. On Tuesday, the BP chief operating officer, Doug Suttles, told the Associated Press that the flow "should decrease to a relative trickle by Monday or Tuesday." That's by tomorrow or the day after that, Doug Suttles said that.

I don't know what a relative anything means when it comes to this oil spill, but there's no indication that there's going to be -- it's only going to be trickling by tomorrow or the next day. And I just want to know, as the leaders of your respective parties on Capitol Hill, are you finding it tough to believe anything these guys from BP have to say anymore?

HOYER: Certainly BP has not been accurate in its representations. It has been misleading in its representations. What has happened is outrageous, and the American public are correctly very, very angry. And the administration has been marshalling every asset that we have available to work on this program.

I hope he's right. The American public hopes he's right. A trickle. I don't know what a trickle is. But certainly a very, very substantial reduction. BP said they could handle a 250,000-barrel spill. They have -- weren't able to handle what they said was initially a 5,000, which was -- what then went to 20,000 or 25,000 and now we think is a much greater spill than that.

BOEHNER: Well, Steny, guess what? I agree wholeheartedly with you. The American people want this oil leak stopped now. They want to know what happened. They want the gulf cleaned up. And they want it all done now.

And I just think that BP ought to be held responsible for all of the costs that are involved in this. I've said that right from -- from the beginning. And I continue to believe that.

I'm sure that the federal government, though, was -- isn't also responsible. The laws that were in place, the -- the materials that should have been in place for a spill this size were not, and the reaction, I think, on the part of the administration has been slow. But having said that, it's time to get this thing stopped now.

TAPPER: All right, just to...

HOYER: The only thing I would say to that, Jake...

TAPPER: ... just to clear up what you said earlier this week, on Thursday, you said that -- that BP and the federal government should take full responsibility. To clarify that, you think BP needs to pay?

BOEHNER: I've said from the beginning, BP needs to pay for the entire cost of this. But the federal government -- this is a failure of government. Government is there to protect our shores, to protect our environment. And there's been a real failure here.

We've been asking for 55 days, where's the inspection reports from this rig? The administration won't give them to us.

TAPPER: The Democrats are pushing a bill to lift the liability. Right now, it's at $75 million. Democrats are pushing a bill to lift the liability cap. Do you support that?

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