tax increases. but they were short the necessary 14 votes to recommend any of this stuff to congress, which can now give the whole idea a wink and a nod as we continue to spiral into insolvency. not only has the president rejected the idea of a summit on the national debt, he couldn't even be bothered to attend the meeting last thursday. needless to say, the committee members were annoyed. one democrat said, the president should have at least dropped by. you think? president obama's either getting some very bad advice these days or his once-keen political instincts have completely deserted him. here's the question. how serious is president obama about cutting the deficit? go to cnn.com/caffertyfile. >> all right, jack. thank you. a cruise ship pummeled by 30-foot wabs sending furniture and passengers flying. one calling it horrifying. we're learning new details of the injuries. stand by. and the latest on that major