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Appears they want to, because everyone is afraid to say that the full fate and credit of the government is not in play, what should the deal be, if any? >> one time in the 80s, there was an agreement that we would cut so much cash we would raise tacks if we cut twice as much in spending. the republicans got tricked into that. i don't like these deals. what kind of thing can you pass when you pass the debt increase that you can trust? i can't imagine anything that would talk me into voting for it. >> sean: your son rand says a balanced budget amendment would do it for him, if we can get that. >...

The 2012 budget and the real battle is get to the 2012 budget and how to solve a long term deficit. >> they think it's a real fight, at least the republicans do. listen to paul ryan. he said he will not rubber stamp a debt increase. >> nobody wants to play around with the country's credit rating, nobody wants to see default happening. we also think it's important to get a handle on future borrowing as we deal with raising the debt limit. nobody is saying we want to aseed to default, we want cuts in spending going forward and what we've been saying to the white house. >> bob had two different m...

Entitlement. >> these six people could hold the key to a real break through. >> and the debt ceiling is not a real fight. the real fight will be over the 12012 budget. that's where the battle lines should be drawn. we shouldn't screw around with something like the debt ceiling. vote it in. get to the real matter, which is the 2012 budget and how we're going to solve the long-term deficit. >> and they think it's a real fight. at least the republicans do. listen to paul ryan. he says he's not going to rubber stamp a debt increase. >> nobody wants to play around with the country's credit rating. ...

With the debt limit increase. i don't see may 16th as a hard, fast deadline. i think tim geithner would probably agree with that. but the key is, we just just accept the premise that we have to rubber stamp a debt increase. i don't agree with that. i think a lot of democrats agree with me on this. >> you know, the most fascinating comment may have come from alan greenspan who said why do we have this debt ceiling put in place in the first place? you have congress setting the number for spending. so, therefore -- >> always continually raise it. >> and only to create these potentially catastroph...

Preserve the creditworthiness of the united states of america.we're a country that meets our obligations. in fact, i heard the leadership tell that again on wednesday. >> on abc, geithner outlined exactly what is at stake. >> what will happen is that we would have to stop making payments to our seniors, medicare, medicaid, social security, we would have to stop paying veterans benefits, we have to stop paying all the other benefits and all the things that the government does and then we would risk default on our interest payments. if we did that, we would tip the u.s. economy and the world eco...