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>> yeah. >> you're talking about the largest holders of puerto rican debt are americans. talking about greece, germans are the biggest holders. this is close to home the puerto rican situation. >> the greek welfare state is subsidized by europeans and german lenders. it is remarkable to go back to greece, that the prime minister refuses to offer any concessions on entitlements or pensions. he wants to raise taxes. let's transfer, andrea said modern socialist philosophy to our hemisphere. puerto rico, we're their lenders. detroit other cities in united states are creating same frightening circu...

Sometimes. >> i think it's a cumulative effect. the fact it seems like almost every year we have kind of a d.c.-manufactured crisis that crime pact the economy, does in fact have some kind of influence on the way people think about things and decisionmaking but i think the market right now is saying, hey, if they want to have the fight over the continuing resolution, and the fiscal side of things, that's preferable at this point to actually making the debt ceiling debate the front in this war. who knows they can too boat. but the assumption is this is manageable, a debt ceiling jeopardizing th...

For any reason with any conditions period. talk about uncompromising. and, you know, remember, he's the president of the united states. if the united states were to somehow go into default, which i don't expect to happen, the president of the united states is going to be the one who, i think, suffers for that. he's the one who is refusing to even tinker with his law in a way that would be done in coordination with congress as opposed to him doing it unilaterally with authority he probably doesn't have. i'm not so sure that voters -- and we've seen this reflected in some polling -- wouldn't hol...

Billion cut to defense, to begin with. now we have another $500 billion cut to defense, lurking on the horr whereon. they insisted that in the debt negotiation it's. >> martha: let's -- let's put the automatic defense cuts aside. let's put this aside. no one wants that. but i want to know, how do you do the math and have this increase in dftion spending. >> $2 trillion. >> you don't cut defense by $twenty1 trillion. >> martha: what national security issues justify an increase. >> we are going to cut 80,000 soldier, 20,000 marines, 1 tent cargo planes. we are going-- draw down from one war an...

Billion cut to defense, to begin with. now we have another $500 billion cut to defense, lurking on the horr whereon. they insisted that in the debt negotiation it's. >> martha: let's -- let's put the automatic defense cuts aside. let's put this aside. no one wants that. but i want to know, how do you do the math and have this increase in dftion spending. >> $2 trillion. >> you don't cut defense by $twenty1 trillion. >> martha: what national security issues justify an increase. >> we are going to cut 80,000 soldier, 20,000 marines, 1 tent cargo planes. we are going-- draw down from one war an...