Page 30 - August 2011 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 times in a decade. most recently in august 2011 after a bruising political fight. democrats accuse republicans of using the debt limit as political "leverage" to press for spending cuts. a point they tried to make

May not play well, it and it may not help republicans at the ballot box in 2014. what is the conventional wisdom emerging in washington right now from republicans or? >> the conventional wisdom emerging from republicans is oh, boy. they now realize and understand the magnitude of the situation. the bleep was somehow at the end, a magic solution will present itself. it would get everybody out of this tuition. it would be like what we saw, the same device that created the fiscal cliff. sequestration and we did back in august 2011. this was the whole idea that and then something happens. last nig...

Takeaway on this and you put it into perspective, somebody leaked something they shouldn't have leaked to the film-makers of this movie. >> yeah. we have unsurfaced solid evidence i believe what was charged back in august 2011, when representative peter king pressed this issue for this investigation. it appears member of seal team six name was released to the hollywood producers. the name of a currently serving seal team six commander. doesn't sound he was on the raid to bin laden but was able to provide first-hand accounts about it. vickers talks about a couple quotes pulled out about it. sou...

Of thousands of charities in this country. again as i say, which ron didn't respond to, this party that has paraded around, the party that wants to rein in government spending, they are unable to identify any changes in medicare or entitlement spending which shows the tea party at its core was a phoney, phoney movement. >> joy, it's interesting to hear ron referring to august 2011 because a number of refers appear to have forgotten something happened in november 2012 called a presidential election. >> right. it was an election in which president obama, unprecedented for a democrat, actually ra...

>> you're saying now that the president should outline the cuts because nobody is going the table to say this has to come off. >> the president has to come up with a reasonable solution that sells. >> why should he if he can blame the republicans? >> at the end of the day, its the era of this president. no one remembers who the speaker was during the depression. >> right. sounds like august 2011, the republicans took a beating over what happened. guess who really paid the price? the president of the ute had his lowest ratings, his worst political trouble, lost the district the new york, in veg...