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Hours. today is monday, no progress has been made. joining me with analysis author of "revolt" dick morris. how are you? >> good to be here. i'm in missouri, the country music capital of the world. >> sean: tony orlando's home. boehner has scheduled a vote. the president has been fear-mongering, scaring seniors, demagoguing the issue. even warren buffet is upset about the class warfare, private jets. boehner scheduled a vote on cutting 111 billion now for 2012. cutting serious cuts. capping spending. and a balanced budget amendment. i think strategically, this is what the republicans need to d...

Federal programs but -- minor federal programs won't touch education, research, medicare, medicaid and social security. formation of a bipartisan commission will+4sñ propose ways to reduce the deficit. in other words this budget puts us as a country on the road to fiscal ruin. james born summed it up in terps -- here's what james clyburn told fox news. >> we are not going to save our way out of this resection. we've got to spend out of this recession. i think most economists know that >> sean: joining me with analysis author of the "new york times" number one bestseller catastrophe, dick morr...

Federal programs but -- minor federal programs won't touch education, research, medicare, medicaid and social security. formation of a bipartisan commission will+4sñ propose ways to reduce the deficit. in other words this budget puts us as a country on the road to fiscal ruin. james born summed it up in terps -- here's what james clyburn told fox news. >> we are not going to save our way out of this resection. we've got to spend out of this recession. i think most economists know that >> sean: joining me with analysis author of the "new york times" number one bestseller catastrophe, dick morr...

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America's monstrous debt. a private meeting sunday between chief of staff and two top republicans in the house failed to bring both sides closer to a deal. today administration aides were sounding the alarm about the so-called catastrophic consequences of failing to reach agreement by august 2nd. >> the august 2nd deadline is serious. the consequences of default would be catastrophic. it would be an instant tax on every american in the country. anyone who pays a credit card bill, anyone who pays a mortgage, who deals with interest rates would immediately feel the affects. >> sean: the presiden...