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Making america stronger, more competitive and in the large sense, being able to export more than they import. >> neil: wait a minute, i want to know, charlie, you are the it guy. i hope youre back running the house and -- when you look around and just say guys, heres the skinny, we are in a heap of trouble. and we could look at raising taxes on the rich after a while that goes down, we look at scaling back benefits for the rich, or well redo everything, scale back on spending, and hike the taxes...

Completely understand. we need a good framework of law and accountability and transparency but washington cant manage a credit system like this bill. i think the people involved in the financial system know its going to hurt us and its giving everyonitierings. were going to see more of what happened on wall street today. >> senator, thank you very much. a crazy day. >> yes, it is, thanks, neil. >> a lot of people ask me in the middle of a free fall, what happens? what leads to the panic? i tell ...

Our jobs. >> its interesting the euro is collapsing at a 14, 15 month low today. does this cinch the deal that britain is not entertaining this at all, joining it? >> i think that deal was probably already clinched. if there was any doubt, this is now beyond doubt. in the way things are in politics, the people against getting the credit and the idiots for it are trottedded out and listened to as if theyre wise forecasters. whats new. >> daniel, always a pleasure. thank you. all right, when you...

Was portfolio insurance and it wasnt the protecter that it was supposed to be. everything fell on top of one another. >> but what triggered that was the merger, also. the arbitrary guys had the deal done then undone. >> neil: that were later in 89. >> thats a problem. >> neil: could we see that again or would this have the perverse effect of making people feel all it right. >> i think what is says is two things. the market actually worked. if this was an error, the market worked and stayed open....

Point -- creating 25% of that decline at the bottom this afternoon. >> neil: thats a good point. flip it around. people who are going to look at this and say it was a technical thing, all is right with the world. the correction didnt happen. it was a head fake. >> i wouldnt say dive back in. okay? there are some challenges, clearly. >> neil: do you think the market is rich? >> i think the market is reflecting as the market traditionally has the future. as we continue to hear better earnings repo...

Money to help people along that be to be able to say that they feel secure. take medicare, another program that we will be remedying with a insurance bill and bring it into solvency but the fact is people who cant get healthcare, which is true from greece, cannot work and ultimately cost more to the society, not just in lack of productivity but the cost of being involved in serious conditions and complicated surgery. so what im saying is -- >> neil: all good ideas but how do we pay for it? every...

Decided to the out of the dodge. the environment of greece and the concern of washington going too far. put the it in the pot and that was t i dont know, folks, i think the technical part there all valid, good, very real and on "fox business" weve been all over this and that was the case early on, but then to come by and say all is right with the world, even don marin, a man who used to head pain weber, he too is scratching his head and inside that head are much shrewder brains than my own. so i...

Programs across the board, but without money in the bank -- theyre running huge deficits, as are we, and were right with them. >> the point you make, yes, if we passed this and it went into law and didnt pay for it, then your concern and criticism is valid. we have authorized it and indicated broad support. we have another hurdle, to meet the cavuto test, to find a way to pay for t im going to come back and tell you how -- >> neil: why not pay before you give itty. >> you can do it either way. >...