who said cut, cap and balance would, go, quote nowhere. california congressman adam schiff. thank you for coming in today. >> great to be with you. >> the prediction of you shared by many other people came true so now what? >> i don't think it was any surprise. i think the chief motivation behind the plan was to is give republicans in the house something to vote for that was easy so they could vote for something hard later on. that's fine, i guess as far as it goes. but time is running out. we really need to get something done. i think the gang of six did a tremendous job in setting out a bipartisan outline. i don't like everything in it. if i did, it wouldn't stand any chance. but, i think it set out some reinforcement mechanisms and really laid out something that both parties could begin working on. but time is running short. we have to find a way just to take this debt ceiling issue off the table so we don't rattle the markets anymore than we already have. the failure to raise the ceiling is simply catastrophe and we can't allow that to happen.