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Highest cap spending according to the morgan stanley plan index since 2007. that is because of a business friendly environment. now we're trading on corporate earnings. president trump deserves the credit. >> we can step back. i hear from democrats saying you forgot the bull market was along in march 2009 when it started under barack obama and picked up under his presidency. i can look at the federal reserve keeping rates low, which is a worry for me now. now rates are going up, a ten year today, a good gauge of where rates are going. it's at the highest level in more than a year. indications ...

To appeal obama care and cut taxes. we didn't do that. we went home for six weeks. we should have stayed here, focussed on getting done what we told the american people we were going to get done. longest nonelection year break in over a decade. that's not how you solve the problems we were sent here to solve. >> good morning. your critique of the long break, it was the republican leadership, you guys could have come together and probably changed that. i think this is part of the reason the journal may have written what they wrote this morning. around the debt saling and tax reform, you talked ...

>> we'll see what happens in december. lack of preparation tends to lead to few choices the that was the major problem. putting together the debt ceiling plan. that wasn't done. we had pressing issues. that was the bigger concern. did not address the underlying problem, the 20 trillion debt. some the omgs we put forward raise the debt ceiling. but we'll do it if we address the underlying problem, cap spending, do other things. things that need to happen to deal with this huge debt burden that we currently have.

>> i think the biggest and happiness for the thing causing the most unrest and unhappiness about who republicans across the country as they see republicans control the house, republicans control the senate and they say what are you guys doing? how come spending is going up and deficit is going up and the excuses from washington, people in washington say we can't, we don't have the presidency, people are frustrated and tired of it so whether or not he succeeds or not the real question is are republicans in washington going to get a handle on spending. i frankly would not raise the debt ceili...

Know, you go out 30, 40 years. >> what's the price tag over the next ten years? >> about $4 trillion. it's a hefty chunk of money. and it -- basically, look, both parties are trying to lock into revenue bases out in 2020 that are inadequate for what we're asking the government to do. and that's why you wind up with a lot of vague -- the way people do deficit reduction packages these days, you'll promise a big reduction in 2020 without giving any of the specifics. you'll just say cap spending. and that's actually precisely because you're locking into a revenue base that doesn't work. >> can i a...