crisis here. >> let me distinguish between professional politicians and the public at large. the public is not paying close attention to the ins and outs of how a treasury option goes. >> the president dismissing the results from average americans saying the consequencing of not passing this will be catastrophic but my goes says in the is. gary have we ever gone through anything like we might go through, come august 2nd? >>guest: we have. three times. you have a chart of 1995 we went 4 1/2 months beyond the deadline so that is 4 1/2 months beyond this august 2nd. and the stock market had a great year and also in 1985, three months beyond and in 2002 we went three or four months so we
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