Page 5 - Debt Ceiling Default News Today

He is willing to have a conversation. but -- so why hold the debt limit and the government hostage? i mean, this president has said he would sit down and talk. its republicans who dont want to sit down and talk for conference committee on an actual budget. >> karen, im sure youre going to be amazed to know this. but i dont agree with your point there. and heres why. number one, the government, 83%, thereabouts, has never closed. its still open. the government fundamentally is still functioning. ...

Mouth. i want you to make one clear point. i want him to respond and then you continue to make a point and hell respond. >> im trying. >> im not putting words in your mouth, s.e. >> they predicted from the beginning that president obama would allow a government shutdown because internally, he understood rightly that it would be bad for republicans. hes right about that. its been bad for republicans. >> false, once again false. >> where republicans have been right is that the president will not a...

By a debt ceiling default. i suspect thats not their motivation, though. i think they heard from some of the bondholders and the big hedge fund managers and the like, and wall street said dont do this. so theyre not going to -- theyre going to try not to do it. the problem is if you dont open up the government, we know that there are millions of people being hurt by the government shutdown. the whole american public is being hurt. it really needs to be coupled with opening up the government. if ...

>> that was tweeted. but no, i want to ask you some questions. i actually agree with president obama that the debt ceiling default would be catastrophic. and i think that we are facing that real catastrophe. i agree with him that even flirting with the default is dangerous, and for those reasons if i were him i would do everything i could to avoid it. i would negotiate with anyone. id get myself to a table and say, lets find something that we can agree on to avoid this. even to avoid flirting wi...

>> is it not a legitimate tactic in american politics that you dont like a policy that has been ratified by the supreme court to say we are going to shut down the government and only allow the parts of the government we agree with to go forward. >> more that half of debt ceilings have had efforts to restrain spending attached to them. >> we havent had a government shut down in 17 years. >> we have never had a debt ceiling default. go ahead. >> i have just come back from overseas and overseas peo...

People that have to sign up for insurance because the exchanges would be there. they are not working as well as we like. and that by delaying the mandate a year there will be a lot less frustration when people have difficulties with the exchanges because they wont be facing penalties. quite with regard regard to exchanges is the issue of people with moderate incomes into the exchanges and so forth. there are considerable challenges in that area. i think this would play into the presidents hand a...

Previous times when we worried about the debt ceiling? did that ever come up? >> i think it only came up as a practical matter like, wow, the president should really think about doing this in 2011. and its been -- its been proposed a few times since then, anticipating the next great showdown. the case that the white house -- i think the white house still is not there where nancy pelosi is today. and i think what they would say on that is, look, were talking about there are catastrophic outcomes ...

Did that ever come up? >> i think it only came up as a practical matter like, wow, the president should think about doing this in 2011. and its been -- its been proposed a few times since then, anticipating the next great showdown. the case that the white house -- i think the white house still is not there, where nancy pelosi is today. and i think what they would say on that is, look, there are catastrophic outcomes of a debt ceiling default. if that ever happened, the effect on the economy woul...

Moderate, reasonably sensible party in that caucus? what happens? >> you switch parties. >> a good answer. yeah? >> look. its tough. i think boehner is right to crow a little bit. they have prevented obama from getting more tax revenue but they have any done much to broaden the appeal to the party and havent gotten the entitlement reform and shrunk government the way they wanted to and i think still a challenge but they have converted the debt ceiling default that was a real possibility a couple...

That, i see for all of this lunacy, there is slight progress, you saw it in -- >> wait, i just heard them, they sounded nutty. >> again, stipulating it is all lunacy, what im about to say is not all that dramatic or hopeful, but it is something? theyre talking about the government shutdown in the continuing resolution. im hearing them talk about making the stand and the continuing resolution, rather than the debt stand. so if they make their stand on the debt ceiling default and they mean it, th...