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Believing the fight worth having is over funding the government in a potential government shutdown. the risk, if they use debt ceiling as the leverage point could risk using this fight for good in alienating a key fight in business, but to gain any leverage back, house republicans have figured out a realistic plan. for example, how to raise the debt ceiling. can they even get that passed? at the end of the week, boehner will head to williamsburg, virginia to walk them through the consequences of default and then sell them on a plan that steers them away from that. as the vice president gets se...

Compromise and what he's not willing to compromise on. let's look at what the republicans are using as a leverage point, no less than the full faith and credit of the united states. we got a good window in what happens when you do that in the summer of 2011 when the debt cre ceiling was part of those negotiations, we had our credit rating downgraded, a huge hit to the economy and the recovery. the debt ceiling is a separate issue. congress incurs bills, they have to be paid and the debt ceiling will not be a component of that negotiation. >> boehner said he got 98% of what he wanted. you heard...

Spending side of the ledger. let's say that leader mcconnell and vice president biden reach an agreement today, which i certainly hope they will, but that agreement clearly is just going to be on the revenue side. the majority's going to be on the revenue side, and the problem is on the spending side. it's ironic that the one proposal that leader mcconnell put forward, which was an idea that came from the white house, which was that you control the rate of growth of entitlements by changing the calculation of the cpi, something that should have been done a long time ago to get it to be more ac...

For $1 trillion in increasing the debt ceiling and so that is our next leverage point. it is a shame that in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you have to have the leverage points. you would think that people would just sit down, solve the problem because we know it is our greatest threat. but that is not the case here. we have a president who has not laid out a plan. obviously a spend-aholic. he doesn't really worry about the growth of government and so we have to use these leverage points to try to do those thing...

Congress, one house or the other, and both houses would have to by two-thirds disagree, it would happen. and it would happen as a result of votes by the congress of the united states to spend money and to borrow must be. not to set a debt limit at an arbitrary rate that puts our credit at risk. so i would hope that speaker banner would not make this an item of leverage, because it -- is that a deal killer? >> i think it would be a deal killer. if that becomes a leverage point. of course, we won't know that until probably some time lateç next month or early february. but i would hope that the...