Page 38 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Start to clear on this. it's obvious that the continuing issue this shutdown is going to roll into the debt ceiling issue, so you're going to have them both on top of each other soon, by october 17th. they're going to both have to be addressed. the only way you can address them both is take up the issue of how you deal with the sequester because that's the forcing mechanism for getting spending reductions. i think there's a chance to do something and if the parties would sit down and talk, then we could probably get something done. >> let me ask you about the partisanship, because you left the...

System of all of this partisanship and poison so we can settle down and get through the whole debt ceiling crisis around the corner, it will have been worth it. the debt ceiling issue is far more dangerous than right now. this is unsettling and creates clouds over the economy and disrupt the lives of a lot of people. but you know very many no one knows how dangerous but all the experts say you can have a worldwide financial meltdown if the united states goes into default. so that's what we need to head off. that's why to use this period constructively. >> guys, don't go too far away. up next...

People have lost trust in government and they're really angry and frustrated. they think you're all pathetic, if i may be blunt. >> i don't think that's blubt at all. i think that's practically true. there are a lot of fights up here worth fighting. the obama care fight is worth fighting. the debt ceiling issue that is coming up is worth fighting. >> is obama care worth fighting at this particular time. even the u.s. chamber of commerce said please do not shut down the government because it could adversely affect the economy. it could affect, you know, those employers who are thinking about hi...

Stu, what have we got here? >> not much. wake up tomorrow morning. if the federal government is not shut down this will not help the average person. 300 million people will hardly feel it at all. 800,000 people will be furloughed temporarily. the impact on the vast majority of people, virtually nothing as of tomorrow morning if we shut down tonight. march are you you think the big date comes with the debt ceiling issue. >> yes, that is far more important. october 17 we lose the authority to borrow more money. midnight tonight we lost the authority to spend more money. borrowing it is far more ...

We had in 2008-2009. globally this would have a huge impact. so, i think the question that the debt ceiling is such a large problem looming over all of this and how it turns out really depends on how they resolve this issue over the government shutdown. >> we were having this conversation, very similar conversation, not so long ago about the debt ceiling. >> right. >> and then the severity of it, so how serious is it for the country if there is a default? >> it's usually serious. social security checks, medicare, recession, you know, you talk to economists about this and they sort of shake the...