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We have been very successful the last three years to stop that agenda. we have a divided government. i understand there's a frustration in divided government. but it amazes me that people continue to argue that only what the democrats want to do is what should be done in washington, d.c., when the american people elected us in the house to also have our say. >> i mean, i find that just incredible. you want to pick and choose whatever it is that you want to get done. >> isn't that what the appropriations process is? >> no. we have an appropriations process and we come to a conclusion as to what...

We were elected to stop the obama agenda. we have been very successful. we a divided government. i understand there is a frustration, but it amazes me that people continue to argue that only what the democrats want to do is what should be done in washington, d.c. when the american people elected us to also have our say. >> i find that just incredible. you want to pick and choose whatever it is you want to get done. >> isn't that the appropriations process? >> no, we have a process and we come to a conclusion. the president talks about a compromise. the president accepted the republican budget ...

Democrats have already agreed to, that they are begging republicans please to accept is essentially ryan budget spending level. and the reason the levels are so low is it actually uses existing sequestration as a base line, the democrats have not just compromised. they have adopted the central policy of their vanquished enemy. joining me now is layer kudlow, and larry, isn't it a good thing that the base line includes the sequestration spending level that everybody said was very, very low? >> i thought it was a good idea, i may not have agreed it was a perfect idea. but i will give the democra...

Position where $30 billion in the treasury coffers by october 17th, there is some $67 billion in important bills that come due november 1st. unless you raise the debt ceiling and issue more bonds, you won't be able to pay all that's coming due in the beginning of the month. reporters basically grilling senior administration officials about could we prioritize our bills, could you pay some bills and not pay another, could you give ious. the treasury department saying quite frankly, we shouldn't be in this position and they're not going to speculate on how they could prioritize their bills becau...

Frankly. senior administration officials saying, talking about a credit market squeeze, freeze like we saw in 2008, talking about interest rates spiking, making it more difficult for homeowners to borrow money, for anybody borrowing money, car loans, all that kind of stuff. could be very difficult for companies to raise money. you're talking about a stock market that could be completely unhinged and you're talking about a world economy that would be thrown off balance. treasury department officials saying look, if you don't raise the debt ceiling and the u.s. is forced to not pay all of its bi...