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Reputation. what pressures he may have faced who knows. >>shepard: you brought up human rights? >>judge napolitano: i does. the constitution requires the federal government to pay back debt. but the federal government has looked the other ways in many areas of the constitution, like who can start a war? can people be tortured? can they be tried before a military tribunal so if they avoid some parts of the constitution will they avoid others? the economist did not make the argument but it is an argument being made when you talk whether the federal government will pay back its debt. >>shepard: s...

Household. i don't have it, i can't pump money in the household. >> it's called a mortgage, tracy. >> even the states are trying to cut back and we're not seeing it at the federal level whatsoever. >> cheryl: a lot of money going out and not lot of money coming in. >> it's true, the history has been written for us. if you continue to do this, you will do it just like jonathan said. the power to spend is the power to govern. as long as you have prof lettic politicians that are passing out money and put off day of reconning, it will come. >> it can't. we have a printing press. tracy doesn't have...

Diverge. we are very slowly digging our way out, a tentative step towards improvement. that doesn't do very much to fill in this huge hole right now. >> quickly, is the market responding to that news? yesterday it was down but based on news overseas not here. >> the market is impatient like a three-year-old kid. it sees a lollipop and they want the jobs to have improved yesterday. they thought it was going to get better sooner and it hasn't. the other problem we have is the problem with greece as you know. their ability to pay back debt. that raised a lot of questions about those in the euro z...