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America's bond rating on the line. he wants to negotiate during the normal course, which he has always done, and i don't think this is an unreasonable thing. we know that we are not going to -- we're going to ruin the american economy if we default on the debt limit and we can not do and the president is right not to negotiate on that. but he's negotiated on many other things and we've heard all these issues before. so let's talk about it. but let's not put the american and the world economy on the line as we do it. >> congressman cole, why is the normal appropriations process and funding proc...

Negotiate under these circumstances? >> he does not want to place america's bond rating on the line. he wants to negotiate during the normal course, which he has always done, and i don't think this is an unreasonable thing. we know that we are not going to -- we're going to ruin the american economy if we default on the debt limit and we can not do and the president is right not to negotiate on that. but he's negotiated on many other things and we've heard all these issues before. so let's talk about it. but let's not put the american and the world economy on the line as we do it. >> congressm...

>> lower taxes across the board. i want tax reform, lower taxes with fewer tax breaks. >> he's offering a general trip tix about where he wants to go. >> part of the problem with the banks is that we didn't actually do anything. >> but i guess to kim's point, however, and correct me if i'm misinterpreting you, the implicit decision was that we will give the bank everything they want in exchange for the banks continuing to be economically supportive of the political funding process. i hope that i, the president, i the democratic leadership, i the republican leadership will have more influence o...

Criticism after hurricane katrina struck all of the flooding and destruction that occurred. why wasn't that system prepared at that time five years ago? >> one of the challenges we have is when we go through a funding process we are funding on an annual basis. we do what work we can do with the money we receive. >> the nation decided this was so critical we were appropriated $14.6 billion to build this project. we are taking this from beginning to end fully funded up front. >> nearly a million dollars went into the west closure complex alone located south of the city is it will house a mass i ...

Criticism after hurricane katrina struck all of the flooding and destruction that occurred. why wasn't that system prepared at that time five years ago? >> one of the challenges we have is when we go through a funding process we are funding on an annual basis. we do what work we can do with the money we receive. >> the nation decided this was so critical we were appropriated $14.6 billion to build this project. we are taking this from beginning to end fully funded up front. >> nearly a million dollars went into the west closure complex alone located south of the city is it will house a mass i ...