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Neil. that's the thing to be wary of. neil: a couple of years, a couple o dedes. i've lost my petite, peter, thank you very much for that. we'll see if he's right. peter, noted market bear. and you've heard from bulls and bears and i hope we've got you covered all points of view. same as no republicans or democrats, no red or blue here just green, your money, how to play this from here. have you been watching the olympics and the kumbayah between the north koreans and the south koreans? why is leon panetta worried that the north is playing us? and actually the south is helping. and, not just b...

That neil but i did want to get your final take on this environment now that as people concerned about debt, maybe re trenching, maybe this market activity will have the opposite elect you want to see, that people will hear all of this, act on this and just close up their wallets. businesses too. >> well i think psychology does matter. i know after the financial crisis, i've permanently changed my behavior and tried to pay down whatever consumer debt i have as quickly as possible just because i'm living with what that was like so i can understand people being nervous and i don't think we want ...

Government debt. we have a $20 trillion debt and we're going to be adding a trillion dollars to it this year because of the spending deal this is a rotten deal and not good for any of those of us who believe that you can get too much debt for our country to bear. neil: all right, and he forced his point saying that what mitch mcconnell and chuck schumer cobble together bipartisan though it might have been, it bought off a lot of credit as a result, and you're going to pay for it, $400 billion worth over the next two years. in a year we're looking at a possible trillion dollar deficit the ranki...

We've seen little of that so far it could be going on but they would usually announce it but what do you make of that? >> i think that tracy mentioned this, where is the money going when it goes out of stock? well money gets destroyed. it doesn't have to go anywhere. neil: excellent point. dagen: but what i am most concerned about is we are facing , you mentioned interest rates. we had an unprecedented era of cheap and easy money not just in the united states from the federal reserve but around the globe and we don't really know how this ends. we don't really know how high interestates can go ...

They did present basically information they knew to be false tohe fa judge and that's a very serious serious event here in our intelligence community. neil: back and forth both parties should be concerned at least about that aspect, james james kallstrom thank you for being here again. you heard from kentucky senator rand paul was a hell no on that spending bill briefly prompted a government shutdown to force the issue. i want you to meet someone a hell yes on it recognize fully the extra spending going into it but also recognize that that was a hell of a lot better than limp ing along from co...