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Serious because i believe we will get in a much worse crisis than in 2008. it is approaching quickly. it is a spending problem. if we get in the same situation as greece, it is a much bigger deal because we are the biggest economy and we have the reserve currency. that s what we should talk about. because they do not do this cutting and they are not serious they do not understand or they are willing to delay it or figure i cannot win if i cut something. everyone yells and screens. you cut one weapon system and you will destroy the troops. neil: how do you feel about the defense cuts, that they are too severe. where do you stand on that? guest: that is silly talk. there are no real cuts. they are just cuts in the proposed increases and that is where the problem is. they fight, they delay, they get the deficit level increases, the ....
Nation s credit limit. it seems to be working. i ve moved from lean no to undecided to lean yes. i ll be voting yes. reporter: boehner and republican leaders are so desperate to rally republicans that they tried to inspire them with a movie clip from last year s the town. in it, ben affleck asks a friend to join him in a violent bank robbery. we re going to hurt some people. reporter: democrats say that shows republicans are using the debt crisis to hurt the president. it underscores their desire to hurt people. reporter: republicans said baloney. it s a movie, it s not reality, so get a life. reporter: credit rating agencies warn they will downgrade the nation s credit without a deal that cuts the debt. there has to be a credible plan to reduce the debt burden as well as reduce the deficit level. reporter: boehner s plan to increase the debt limit for half a year has until now failed to garner the support of tea party conservatives in his own party. senate majo ....
Only democrats but some of the more conservative members of his own party. abc s john hendren has the latest. good morning, john. reporter: good morning, rob and tanya. house speaker john boehner has been cracking the whip. he told fellow republicans in a closed-door meeting, including wavering tea party freshmen, to get in line behind his debt plan. it seems to be working. some walked out saying they would now support that plan. i ve moved from lean no to undecided to lean yes. i ll be voting yes. reporter: elsewhere on capitol hill, credit rating agencies warned they will downgrade the nation s credit without a deal that cuts the debt. there has to be a credible plan to reducecehe debt burden, as well as reduce the deficit level. reporter: boehner s plan to increase the debt limit for half a year has until now failed to garner the support of tea party conservatives in his own party. the congressional budget office says it saves $917 billion, far less than the $1.2 trillio ....
Do it. you do realize by making these bush tax cuts permanent you ve just added $4 trillion more to the national debt. you and i are small government conservatives, and we believe tax cuts stimulate the economy. hold on a second. that s $4 trillion of revenue not coming into the federal government. and it s not deficit neutral. you ve got to make up for that somewhere. compared to what? for seven to nine years these have been the rates that have prevailed in this country. you pick some arbitrary level they could be raised to and say, well, the difference is this new deficit level. i just think that s wrong. here is something we ought to keep in mind. hold it a second, pat. the law was that these were going to be sunsetted on december 31st, 2010. you may not understand that pat because you re asking me compared to what. ....