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The fact is, the debt limit is simply a recognition of what we have already spent, what we have already decided to do. and it's irresponsible for us to say that the most credit-worthy nation is not going to pay its bills. so i would hope speaker boehner would take this off the table. i think the president's offer of taking the minority leader, senator mcconnell's suggestion, of, okay, put the burden on the president of the united states. whether it's a republican or democrat, saying we need to raise the debt limit. and if two-thirds of the congress, one house or the other, and both houses woul...

Point. of course, we won't know that until probably some time late next month or early february. but i would hope that the speaker would not pursue his intention to make that a leverage point. >> congressman, when eric cantor says he needs to hear specifics from democrats, what do you say to that? >> i said on the floor today, the president of the united states has put a long list of specifics on the table. have put it on his budget, has put it on other proposals that he's made. the republicans, on the other hand, sent a letter to the president with five items, conclusions only, no specifics. ...

Democrat, saying we need to raise the debt limit. and if two-thirds of the 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 probabl...

You want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get some spending. >> paul: so use spending on discretionary and defense to leverage better tax policy out of the president. bret? >> well, good luck. (laughter) >> first of all, let's bear in mind we've already cut 500 billion dollars from defense. you know, i was out on an aircraft carrier in the persian gulf a few months ago, this is a carrier that ordinarily takes about 90 aircraft. it had about 60 aircraft on at the time. i don't ...

Is, in his words a sin. >> david lee miller live in jerusalem thank you. the state department is calling for calm after mohammed morsi's power grab as opposition groups gather to ban the sweeping powers, the white house is quiet. congressman john garamandy joins us now. >> good to be with you. >> your colleagues on the senate side, some have been vocal, senator lindsey graham comes to mind about the issue of funding for egypt. that is something we need to highlight for them in hopes of coercing president morsi to scale back his decree? >> i can be sure president morsi is aware of the america...