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Debt ceiling in october. listen to what the president said. >> you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> go ahead, respond to the president. >> listen, you know well that in 2006, barack obama made a speech talking about how we were mortgaging our children's future by raising the debt limit. we owe $17 trillion in debt. we are willing to raise the debt limit ...

Fresh off your magazine spread in "vogue". very well-done. not easy to do from western kentucky. listen, your republican colleagues are saying that you guys are waving the white flag already and that the republicans in the senate are just going to cave in. what do you say to that? >> well, that would not be me. i'm not planning on voting for any funding for obamacare. i think, i'm also not planning for any funding that breaks the sequester. we really have to do something about this spending problem, this debt problem. but i'm not going to vote to fund obamacare. i think it's a disaster for the...

Step further and said this whole obsession with debts and deficits that started with simpson-bowles might have been completely wrong. one way i read your column was to say if simpson-bowles had their fantasy and their plan had been enacted, it would have been a terrible thing. >> not necessarily for the long term. there is a long-term debt problem in the u.s., don't get me wrong. but the impact of short-term austerity here in the last 18 months, particularly this year with sequestration and with the expiring of the payroll tax cut has -- i mean we're in danger of all agreeing here, but has slo...

Observer? >> well, it comes to down to what all politics is all about,s the money. and when you go home to districts and get in town hall meetings with republicans like nick mulvaney or jeff duncan, you hear what you said when we open the show, an insurmountable debt problem. so it doesn't matter, this won't be the last time we're talking about spending. i hear it all the time. folks back home don't think we have a revenue problem in washington. they think we have a spending problem in washington. and you hear that from largely the republican town hall. i've been in the town hall meetings for ...

Debt problem, which we've talked about a lot. let me go back to what david said. he may not think he's an economics guy, but i think he put his finger on a number of important problems here. one, congress is doing nothing. there are things they could do that don't necessarily cost a lot of money but would help the economy, in terms of programs to train workers, a long laundry list, and they're doing nothing. the question is also about the other problems that affect this economy, for example, the fact that workers have not had a pay rise in four years. if you don't make more money, you can't sp...