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Specific dollar figure on the government's borrowing capacity. think about this for a second. this way republicans can run ads in 2022 midterm elections quoting some big sounding debt number that all the democrats voted in favor of, which is something, i guess. force the democrats to save the country from an economic catastrophe and then blame them for it. in any case, senate democratic leader chuck schumer is setting up a vote tomorrow afternoon on the debt ceiling. it's not entirely clear what plan b is when republicans will inevitably block that vote. nbc news reports today that democrats a...

Bipartisan coronavirus relief bills. the suspending of the debt ceiling was a bipartisan bill that came forward and that is what we ought to be doing here. but we're not. the new administration, they passed a $1.9 trillion covid relief bill but only 9% of the money really went to covid relief and to health care. >> that is -- that stat is arguable, as you know. >> right now they're talking about 3.5 additional trillion dollars of spending. not a single republican is going to vote for that. and the democrats have the house, they have the senate, they have the white house. they have the capacity...

>> gianno: balanced budget amendment where is that. we've been talking about the budget and tax reform for a long time but no one is talking about where are we going to cut, how will we cut spending and balance our actual budget? >> dagen: jess? >> jessica: yeah i don't disagree. there are a lot of places we could be cutting and go back and get those chickens off the treadmills and we can start there. >> dagen: jonas? >> jonas: see i don't think there's any cuts to pay for all of this damage so we need to tax for it because the america people pay it because they know it has to get paid and we ...

And new jersey worn it's been a frustrating process. >> it's a nightmare, and it's one of the worst loan programs in america, they national flood insurance program. >> that program is $25 billion in debt after hurricane katrina in 2005 and sandy in 2012. it's less than $2 billion cash on hand with only $6 billion in borrowing capacity as it prepares for hurricane harvey recovery. congress must act to reauthorize it by october 1, and lawmakers are saying it's time to fix flood insurance by creating reserve funds. >> we should look over the horizon and say how do we make it work? we have propert...

There is money in the till. >> it's a scam. >> and -- and -- >> we don't have money. come on. adam, you can't count borrowed money as money? >> yes you can, charles. in fact, you can. >> it's because the united states is the tallest midget in the world that we have right now unlimited borrowing capacity. that's how we pay for this stuff. >> i am not suggesting we spend foolishly. >> in the meantime, new food labels, the new you? don't count on it. .