Page 19 - Debt Limits News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For the long-term. nwe'll talk to julie and former advisor. and frank who is deputy to president bush. next secretary lew said the government will not sign government bills. and will not negotiate with republicans in the spending and raising debt limits. brad, sounds like negotiations are over. >> it is not only. the american people have had it up to their eyeballs with them cutting their budgets and the government not cutting theirs. we are talking about an increase in discreationary spending and the republicans want to remain on the status quo. we can't do it in the government. if the stipul...

Presidents since we have all known about, since we can remember have made recess appointments on things like summer recesses, when congress goes away for the month of august. so, what the court is now saying, it's their interpretation of the constitutional power to make recess appointments under the constitution, limits the president's ability to do it except in very, very narrow time frames, that's a rule that's never governed presidents before this. >> megyn: no question that president bush made a bunch of recess appointments. >> including one of your contributors. >> megyn: however, however...

Higher income, paying off well. our limit would go up with gdp, know the arbitrary limit set by congress and no gdp indications and other countries have debt limits, that are tied to the economy and makes more sense than what we do. >> we could just print money. >> jonas, i like when you have a credit card and your limit goes up, you can't say oh, my limit went up and going to go downstairs in the basement and print more money which is what our government does. you actually have to pay someone back when you raise your credit card limit, eventually. and we're not doing that. >> brenda: todd, go...

Perform through the year. the expectations are high and they got to stay high. >> that's the real danger. you said the optimistic tone which raises the perception they are going to work this out. and it will make the backlash, the whiplash to make it stronger. >> and does the market find or business community, do they find any of these characters reassuring? >> i think -- i think they want to hear reassuring things from all of the characters. i think anybody in wall street who's smart, anybody doesn't put a lot of faith in any of these guys. the deal does not include the debt limits. so regard...

>> yes. my first choice would be as you know, we talked about this before. i would go the constitutional option like bill clinton suggest and say this thing is unconstitutional. ork bama seems to have ruled that out. if he's not going to, he has to reframe the debate. i think the most powerful way to do that is to expose the hoax at the heart of what the republican debt limit argument is. they make it sound like the debt limits, the only way to stop socialist obama from drowning us in debt when obama should say what we should do is raise the debt limit by the amount needed to accommodate the d...