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Gravity of this, a vote being canceled, fine. but you have to get back and do smith. >>guest: they could not -- what i win, when they went on vacation, could they stop spending while they are on vacation? why does the register keep ticking along when they not there? each day they take a dollar they spent $2.06. they make $5 billion in a day and they spend $11 billion. why does it keep happening although they are on vacation and they do not buckle down and focus on a conclusion even if they raise taxes we say again and again on people making more than $250,000 that is enough money to run the fe...

Up to the feds, do they want to give it back to the states so the states can go ahead and drill on it? it's going to be a political football, obviously. >> sure. >> but the revolt is brewing here. we know we've got it. there's a ton of oil down there, can we go and get it? the pressure is on the president as gas prices rise continually. >> let me give you the news of the day. oil -- gas prices just spiked in the state of michigan. up $0.10 overnight. now, that's a spike. statewide average is $4.06 a gallon. that's michigan, home of detroit and home. s.u.v. >> why is it just michigan? >> it's a...

But it is there nonetheless because we've got the oil and these states want to go get it. martha: it remains to be seen seen whether the federal government will allow that. you have interstate commerce issues to think about on that as well. that we'll wait on. meantime big spike continuing in gas prices specially in one key state, right, stuart? yes. in michigan home of the auto industry, just overnight, gasoline, regular in michigan went up over nine cents overnight. that is a spike. statewide average is $4.06. if you look at some of the individual cities in michigan it is a real spike, a spi...

Over $3 a gallon, 3.04 in january. by july when we come out to do the summer period here it was up to 4.05. then it went up to 4.11. the monthly average was 4.06. look at the gap we are already at here. in january we started at 3.38. and now we are at 3.75. you can easily see the picture where we end up with $5 gas. this is a story clearly on many people's minds and not going away. gregg: so far the plan calls for nothing but sip pleamatic action against iran but the secretary of defense may be suggesting a very different plan entirely. so is the obama administration sending some mixed message...

Dollar that we borrow for two years, it costs $0.06, 6 pennies on a dollar to borrow it. when you look at greece, it costs them $0.20. just imagine, if we lose our triple a rating, that could be really bad for the united states economy. >> and the ramifications of those dollars and cents could be c catastrophic. this actually might be catastrophic, not raising the debt ceiling, a different debate. but now that the united states, most of the world looks at it as the most secure economy. the fact that s&p put out this warning yesterday, what does that say about the current political state that w...