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Get rid of it. -- the presidency and gets both houses, he should put this on the table and get rid of this for could. >> the problem is, the list of things we actually have to change is really long. michael, you are a conservative. there are legitimate differences between democrats and liberals and conservatives about whether we should raise taxes on the wealthy or on corporations or spend less. wherever you stand on this thing, there is a budget process, which republicans control now. there is an appropriations process, there are actually built in ways to have these debates in this country. w...

Budget that if we had the majority i think we could pass. he can't pass his budget that he passed because it was a pretense. it's sad that we continually have this drama on a phony issue and pretend to the american people. if you are going to represent the american people, we need to tell them the truth. the debt limit is not where you really deal with additional debt. it just deals with paying your bills. that's all it deals with. additional debt occurs in the appropriations process. they are in charge of the house of representatives. pass appropriation bills that carry out their budget. i do...

Those higher interest costs over the medium and longer term could result in billions and billions of dollars in terms of a drag on the u.s. economy, and those drags could last well into the future because, let's be honest, this is all going to happen again the next time there's a debt ceiling issue and along a similar vein, all of that could come into play for better or worse. the way that america's current budget and appropriations process is set up, these are the types of battles that pop up. each time we run into a so-called cliff situation, fiscal, debt ceiling or otherwise, the brinksman ...

Cuts for the wealthiest americans, maybe we will some of that back. there is a lot of options here. you are absolutely right. one thing is an arcane process that i would love to see us get rid of it is raising the debt ceiling to reflect what we have already committed in terms of our bills. the other thing is the appropriations process. -- . altogether it is three trillion dollars in deficit reduction. constant deficits. mccarthy in the republicans gave us their approach which would never pass the senate. the american people looking at the details would be horrified because of what it does to ...

Like this current one. and just coming close increased our borrowing cost by billions of dollars. so speaker mccarthy has to take default off the table. you are right, we have annual negotiations about how much to spend in our appropriations process, and several times over the last decade, we have had a federal government shutdown when we can't come to an agreement between the parties. that is bad enough to have the federal government shut down. that is something that has happened several times. but it's not catastrophic. default would be catastrophic. so i know our president is researching, c...