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With that. he is under attack by moveon.org. it will be a tough road forethese kinds of democrats. i don't think they'll have the backing of the administration on that one. >> we got great clarity. john boehner reframed this and what he basically said, we'll go dollar for dollar with you guys. you wanted $300 billion increase in the debt limit, we want $3300 billion in spending cuts. but we want our debt capped. if you go above a certain level automatically new taxes increases come in. that is like saying something else. boehner says we have spending caps. we, congress have to cut someplace el...

With that. he is under attack by moveon.org. it will be a tough road forethese kinds of democrats. i don't think they'll have the backing of the administration on that one. >> we got great clarity. john boehner reframed this and what he basically said, we'll go dollar for dollar with you guys. you wanted $300 billion increase in the debt limit, we want $3300 billion in spending cuts. but we want our debt capped. if you go above a certain level automatically new taxes increases come in. that is like saying something else. boehner says we have spending caps. we, congress have to cut someplace el...

Person with all the leverage in europe right now is the greek prime minister, who is being told what to do by angela merkel, when the fact of the matter is greece has the leverage in this, as does italy and portugal, because they're the ones that can say, we won't give you any money, and that will force a total banking collapse, and it's obvious that papandreou was able to get 50% off with that kind of a threat. >> they had a $3300 billion eur debt and knocked off a billion of it. that's a remarkly good return on the money. >> that's the thing, as long as you have a financial system that is de...