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Another about big stories today at leading Democrats want President Obama to bypass congress and just go -- over the debt ceiling just keep on borrowing and spending.
It is what Nancy Pelosi had to say on face the nation and this is a direct quote.
-- I would use the fourteenth amendment which says that the United States will always be paying fines would just go dealings.
Look who's here.
Eric -- cohost of the slack.
-- don't win the fine on the fault you know he is here at a welcome a program like thank you and company what you would expect when I'm.
Not surprise and -- saying go ahead membership is the one is so let's pass them the healthcare bill but we've -- and find out what's in it.
By passing -- pass and congress congress has always been the checkbook.
They start the -- the money bills in congress to send them over the senate.
You can't remember President Obama is the guy when he was Senator Obama who's who called George Bush's.
He said if I'm not mistaken -- -- correct -- I think there was time -- actually voted against raising the debt ceiling so.
Pres Obama is it it in a very very interest in predicament right now by the way in about an hour and ten minutes -- so he's going to address the debt ceiling what he plans to do what he wants to do with the debt limit.
My guess is though.
She can say.
Congresswoman Pelosi and say whatever she wants.
There's still gonna have to get congressional approval to the rate so you don't think he will do this I mean that's really that would be given the legacy he just does not want a lot of people are on the rhetoric say you know -- to go around congress.
Yeah stimulus legislation and regulations -- and he'll bypass congress EPA going around congress.
-- Britain with a cap and trade stuff for him to do that with the debts and something's important the debt ceiling I would think there'd be very politically very difficult.
Well you that you're joining the judge judge apology on I was on the -- just 510 minutes ago saying exactly the same thing is probably not gonna do this Charles what do you say I does he do I don't know I don't think so otherwise they would have done it last time list and a -- that it highlights constitution congress that the power of the personal the president will look here's what you've got that.
That -- trillion dollar coin is dead treasures not gonna do it.
We -- -- -- the president will not invoke the fourteenth amendment which means he's got to get a deal with congress to raise of that statement.
He says he's -- -- negotiate with congress to raise the -- -- And the debt and the congress says -- gonna get any more money unless you cut spending.
And 100 I think -- -- just talk right he's gonna go -- -- public relations campaign as the whistle stop things gonna come on TV almost every day at this thing gets closer and closer says.
These crazy -- these Republicans are rated at kill -- -- all right.
Well let's straighten something out if we go over the debt ceiling we've gone past pastor -- we don't default.
Do we well not default or we don't ever really default -- hope we can always continue to pay the billion dollars print more money but those were your thoughts on -- limited let's talk politically -- Obama will go out stumping he'll run.
And campaign he'll say it will be unpatriotic.
For the Republicans to not raise the debt ceiling yeah after these aren't exactly -- it's unpatriotic to exceed the debt ceiling in 200820072008.
It's a very -- a very very tough place.
I think the Republicans in in the house in congress will give him a hard time won't make it an easy checkbook and easy debt ceiling -- -- ask for something in return.
Not sure what's gonna be they'll probably get it -- be some negotiation.
But -- But again we've already exceeded that's him.
Tim Geithner said.
Sixteen point four trillion is your number were Bobby he's gonna play games he's gonna -- some numbers around he'll pay the bills until congress signs that it but he did.
The increase in -- so this is a -- to that this panel voted but it's -- a substantial politics is VC.
This is all gains this is all threats this is all the clock is ticking down it makes you worry is the country gonna default.
Are we any moment ever hear the click it would but the buck at the end of the day yeah sorry at the end of the day they get a deal they get something going out I mean this is like the debt ceiling and that's.
Phony argument it's also that -- -- really -- charter renewal elect a bank charter renewal.
It's a renewal of -- turn to continue spending.
And what that -- end what's timing again the American people have been misled about the debt ceiling what we're talking about is he can't default.
The government can't default and that that they can't default and paying China life and what's really that's entitlement reform you -- doing -- or that he does not -- by the definitely.
-- do you agree with this -- -- the president is loath to cut spending of any kind.
He wants more spending in fact and under no circumstances will he talked medica.
Medicaid Social Security I'd be surprised if he touched them -- -- you get no no real.
Spending cuts agreed the only way to really cut the debt and cut the the trajectory of the debt would be to -- those and I don't think -- well.
Think about this for second -- Simpson Bowles had been enacted two years or or went into effect now.
If it -- ten years down the road -- debt to GDP would be around sixty to 65%.
Livable right yet in Greece it's a hundred and change it some -- some of the other European countries its -- -- a hundred.
As it is right now if we do nothing more including the new deal that they put together at the end of the year will hit around.
80% 79 point something percent 80% debt to GDP.
If they go ahead in -- and do sequestration.
You bring it down to about 70%.
There is if its in -- we're moving in the right direction but pres Obama definitely has to if he wants to get the number doubtful livable number.
A healthy economy he needs to address one of those but he -- -- 11 last one on your first appearance on volume comes you'll wearing an American flag -- -- are you happy with -- new.
I don't think the America that I know has ever change that flag it will always remain right there.
-- -- -- -- and what a pleasure would you come -- NC I -- on a regular basis I would love to -- -- what's the best money show on television by the -- all right that you -- that we did just that statement that offense I -- -- -- government another story and I want your opinion on it just hold on for a second please -- I'm I'm gonna move to the big store the day which is -- the gun control debate.
Just a few weeks -- once of the of -- newspaper published the addresses.
A thousands of gun permit holders one of those homes was broken into burglarized.
The -- is allegedly targeted the homeowners -- safe.
They -- unable to get it open by the way Eric your reaction business.
Not surprising and we talked about that when that when not.
When the journal news publisher that map that that the you know I had set on television I don't rifle I own -- handgun they're they're registered.
And -- be more than willing to if you put my name and address on a map and say this is where this is this house is protected by the way.
It's my neighbor who might not like that because if my house.
Protected -- budget already gotten extort innocent why don't they went after the guns yeah I'm on Thursday by the -- journal Robert how does that play Charles you're on the senate Marty who got -- else's have to bring it bring you wanna come try and rob -- my gun -- -- haven't -- that they -- he'll still catch the business end of it in my -- over under -- -- eleven -- but there's no -- retain a story and the burglary.
Written about -- but it's still a bit but I'll be honest with you -- -- one of our one of the reporters for -- Griff Jenkins -- was going after the the editor.
Does the -- of -- journal those who printed that that map.
And what they found was that she was talking to people on the block that she -- even people with guns in -- people on the block that she lived with guns.
We're concerned about that very thing that their house is we're gonna be targeted for thieves who wanted to steal their guns and use them in robberies or or whatever I get it.
But I think I'd I'd still again.
You will be when welcome -- publish mine well they have a fine for us before mr.
Brosseau anabolic thank you -- much it is actually looks up the national rifle.
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