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I don't think boehner can sell 50%. >> people know where i stand, but it seems like they haven't offered anything except the survival of the nation. you can continue to survive and have health care, but everything else we're taking. >> right. no, i mean -- you know, they're saying as if the president should say we're going to default and in exchange you've got to give up health care and this. so it isn't a rational negotiation. it's not, and i think that more and more folks get that. i think speaker boehner knows this is a bridge too far. which is why he's trying to change the -- now he's talk...

Conversation, but there's no -- the question is can you come to an agreement where everybody gets 50% of what they want. and in this political environment, i don't think that's possible on the republican side. i don't think boehner can sell 50%. >> people know where i stand, but it seems like they haven't offered anything except the survival of the nation. you can continue to survive and have health care, but everything else we're taking. >> right. no, i mean -- you know, they're saying as if the president should say we're going to default and in exchange you've got to give up health care and ...

And that drives the city over the cliff. what happens if there's a definancialization of the economy. a lot of people on the left make arguments that the finance industry isn't creating value. and if we had a change in industry that made banking back to about half the size it is now, that would be a very negative thing for the economy, specifically of new york city. and the question is, is the city prepared for industrial change like that, in the way detroit was not, as its manufacturing industry fell apart. >> and this goes to, i think, an underlying problem i have in a lot of these discussio...

Definancialization of the economy. a lot of people on the left make arguments that the finance industry isn't creating value. and if we had a change in industry that made banking back to about half the size it is now, that would be a very negative thing for the economy, specifically of new york city. and the question is, is the city prepared for industrial change like that, in the way detroit was not, as its manufacturing industry fell apart. >> and this goes to, i think, an underlying problem i have in a lot of these discussions, is that there are real economic challenges with these countries...

Particular challenge people want to talk about happens to be, so when we're talking about greece, it was jammed into this kind of deficit conversation that you had to -- the only way to not become greece was to sort of move on the ryan budget and the plans there to block medicaid and voucherize medicare. that's the only part that got talked about, nobody talked about the monetary policy, all the other things -- and that was really what was driving greece and becoming a deep competitive economy, that was trapped in a dysfunctional political situation. here too michael bloomberg has been effecti...