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-- -- -- -- -- We still have no deal on debt and now it seems politicians are working hard to blame each other up and that's and terrace post all of the fine on the cost news channels are out to -- -- Yeah it's you at least -- say well get that.
Britney feels so good when I kind of -- company you're really had confidence booster Stuart what do guys think.
Not try this.
I say that over the weekend three Democrats in particular have been irresponsible.
Than Tim Geithner Harry Reid and President Obama.
I think they have put that political interest ahead of the financial -- -- of the country.
Europe conservative I doubt that you will disagree with -- when you -- -- Now I will -- the greens of the lake it just hasn't been this weekend it's been a lot longer than this weekend I mean this August 2 deadline has been moving freight very very long time.
And the presidents.
Has been MIA look.
He has been an expert at staying above the fray because politically He knows when you don't jump -- -- fight.
You don't come out with a black guy He did this on obamacare He outsource some of the most serious and sensitive issues.
Of his administration.
Obama care the stimulus to Pelosi -- we -- get to see him past two budgets.
He is not put forth the debt proposal and look I believe -- its hands off once again He gave a speech that the CDO couldn't even -- just a couple weeks ago on deficit reduction.
It's all talk -- -- agreement.
-- -- that everybody is being irresponsible here I think all of this political wrangling is such -- -- -- is a sideshow because -- fact of the matter is is that the US debt rating is going to get deep fault they is going is going to get downgraded let me make that -- and downgrade and what that and said doing is it increases the cost of treasury debt our debt ceiling is going to get really good -- -- gonna -- hundred are arrogant yeah.
Is going to be downgrade yes I did yes I tell me why I'm.
-- costly to every single understood -- -- you tell me how is beta speak about it you won't ways -- responsible for this.
It is a game that's being played right now here because that it is it was very responsible to bring that to the eleventh hour and assorted -- -- -- -- -- -- -- -- -- -- -- you've -- that the -- plan.
That's -- had the gang of six planned led by Tom Coburn a Republican.
You've -- lead the you know was it Paul Ryan's plan that was way back way and right and now cuts happen balance.
The deal yeah the back door and there are so many different plants around and what is -- responsible is to not act.
-- there's -- -- -- -- Republican -- you know there -- how many democratic -- zero -- the problem this is a product that's probably may have come up with -- exactly the end of the -- that goal here is to do the most fiscally responsible thing and do it it should have been done by Friday I -- I told everybody -- -- Having these talks if it wasn't for Republicans Democrats haven't bought anything to the table and actually the backdoor -- -- they had a deal the deal was done.
Last week that the last week it was RD done what happened was Obama can back this weekend that hold on.
Because you getting a lot of pressure from its caucuses numbers approval rating is under 42%.
Y because liberals are furious He hasn't put.
As many revenue raisers in there that He can debater He said I want 400 more billion in tax increases in Boehner said.
We had a deal and that's why -- Or walk away you know a lot of Republicans.
Do you know any Republicans were actually prayed for -- for the default that's what Tim Geithner said Sunday at parliament studies that some Republicans Freddie.
For default I disorder which -- absolutely not because it would make both parties look very.
-- -- V and not the dollar running out of meetings and being asked toxin B away you know stoppage and other any sort of discussion is not the right way it is a big deal done a default as I I think.
He -- -- default but I think that we are we well here on the brink I.
Just don't see you web palladium rests with any Republicans on -- is it is -- with the governments may have gone -- analysts -- there really I -- it takes two sides it takes two -- -- -- -- yet they had a -- the president went the other side wet weather is the other side where is the democrats' plan not what the president's plan but.
Actually they don't have a plan but at the same time Republicans are not doing at the responsible thing of trying to do something.
That actually get something that is workable and and and passable on it to.
-- -- -- yeah.
Guess this is my silly I mean my appetite for Simpson book out there because that is the president's commission all of that but.
Well we are now.
Citi and it's a -- that there isn't the appetite David on and there for a client yeah.
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