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As Republicans and Democrats continue to duke it out over raising the debt ceiling, some in the majority ...

Conversation, they are not going to do that. we wont default. but it is point of leverage and actually they are talking about exactly that. >> theres three branches of government. this is an appropriate conversation whether we like it or not. there are duly elected members of congress that have the right and constitutional right here and they should be heard in how they work through this is part of the process. >> the rubber hits the road at some point and you get to the point where you could ha...

Ceiling fake crisis habit and the president says hell break it. and hes backed up by the treasury secretary and the leader of the democrats in the house. >> do you agree with alan greenspan, that we ought to just eliminate the debt ceiling? >> oh, absolutely. >> you do? will you propose that? >> well, you know, this is something that only congress can solve. congress put it on itself. weve had 100 years of experience with it. and i think only once, last summer, did people decide to use it to thr...

If two-thirds of the congress objects, than that is overturned. >> okay. so the mcconnell rule isnt exactly the super awesome trillion-dollar coin idea that i kind of love, but its not half bad. the president has the power to raise the debt ceiling in order to pay for the things that congress has already agreed to pay for, and if congress wants to stop it, they need a two-thirds majority to do it. i am generally pretty wary of increases in congressional authority and decreases in overnight, but ...

Trillion-dollar coin idea that i kind of love, but its not half bad. the president has the power to raise the debt ceiling in order to pay for the things that congress has already agreed to pay for, and if congress wants to stop it, they need a two-thirds majority to do it. i am generally pretty wary of increases in congressional authority and decreases in overnight, but in the case of the debt ceiling, theres just no argument for it. the money has already been spent. congress has already spent ...

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