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they should not raise the debt ceiling. i believe they should pass legislation, allow them to sequence the spending as revenues come in to make sure they don t default and have the debate about what other spending can be reduced. the president s aides say bump into the 14.3 trillion-dollar ceiling as early as the end of march and rolling back spending to 2008 levels would only buy us a couple of weeks. they practically dare republicans to get specific about what else to cut. let everyone come forward with their vision of where do we think there should be cuts? how should we address these fiscal challenges? that s a fair and open debate. new speaker and majority leader of the house seemed resigned to increasing the debt ceiling they want to commit them for spending cuts in exchange. wall street journal writer stephen moore thinks that s what will happen in the end. we will increase the debt ceiling but that has to be done with a clear and visible measure to get to a balance ....
president obama and treasury secretary tim geithner appreciate the sentiment but not the legislation. they generally prefer to keep it in pocket to use as a lever for negotiations with the chinese, shep. shepard: this currency issue, james, is just one of the many economic disputes the u.s. has with china. yeah, equally big but intertwined is our annual 250 billion-dollar trade deficit with china. to drive that down, president obama will press huh to get his country to produce and consume more of its own goods and services. one old china hand told fox news heavy investment in treasury bills does not give beijing veto power over our foreign policy. china is becoming more dependent on us. we are not using any us. they need to buy our debt because they have an economy wbr id= wbr5910 /> geared to selling things on us. their holdings of debt don t give them the power that people think it does. wednesday will mark the /b> ....
The repeal on wednesday with as many as 15 democrats joining them. g.o.p. will instruct the house committee to actually start drafting replacement reforms to make up for that which they hope to kill. democrats still do control the senate as you said and majority leader harry reid has vowed that he will block any repeal, health care repeal from getting to the senate floor. even president obama has said that there are some things that he supports changing. so a big part of the point for the g.o.p. is trying to make sure that people understand that health care reform is not a done deal and will remain a major issue right up until the next election. shepard: even though it s not going to happen, there is some controversy about some of the wording in the repeal bill on the house side? sure. this sounds like one level sort of read it re tore rickly, in the wake of the tucson tragedy watch things. repealing the job-killing health care law act. in the wake of tucson, a lot of lawmakers on ....
Remember? as you have likely seen, some areas down there got walloped or she lacked as the president might put it. schools spokes people say mlk day along with presidents day and memorial day had already been designated to make up for any big snow days. today on studio b south carolina state representative john king argued that schools in his district should make the days another time. i have taken this to the state level and made sure that we re going to introduce a bill this coming week that will prohibit any school district in south carolina from having school on martin luther king s birthday. shepard: some schools in north carolina and jerry also held classes today. but in north georgia, those schools had to close again. because of the weather. well, he has done it again. the nfl great bret favre filling out a certain form. but is it really over for the hall of fame quarterback who hails from usm? that s next. ....
Violence goes on. shepard: as dr. king s relatives lay a wreath on his grave in atlanta. president obama spoke from a school in d.c. he and the first lady were taking part in a painting project there on her birthday, by the way. and the president talked about how people can honor dr. king s legacy by giving back to their communities. after a painful week, where so many of us were focused on tragedy, it s good for us to remind ourselves of what this country is all about. kind of surface project is what s best in us. shepard: 19 3 the president signed the bill making martin luther king s birthday a federal holiday and the law took effect three days later. despite holiday, school districts in several southern states held classes today. the kids probably weren t too happy about it but neither was the naacp. we are told the schools made the decision because they have to make up for all the snow days from last week. ....