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Washington so that kind of thing didn't happen again for a long time after. at the time of that calamity in 1979, at the time of the three mile island overshadowed debt ceiling crash. the speaker of the house at that time was tip o'neill from massachusetts. and that year he put a young democratic congressman from missouri named dick gephardt in charge of the debt ceiling dirty business. he put him in charge of getting everybody to vote to raise the debt ceiling every time they needed to. josh green wrote about this week at "bloomberg businessweek." now, the way that system worked, it was a two...

That stuff you said you would just buy. in 1979, in charge of getting that second really annoying vote, dick gephardt said, let's not do this anymore. this is a terrible job. everybody wants to spend the money, but nobody wants to raise the debt ceiling to get the money to pay for it. so what we're going to do, when we have the first vote. when we pass the budget saying how much we want to spend on stuff, we are just going to say the second vote happened too. we will just deem implicitly that the debt ceiling has also risen by that much. it's all going to be one vote, not two. problem solved. ...

Where they could work out new rules, where we don't keep h hitting this limit? >> no, we would have to do a little bit deeper than that. they repeal gephardt rule and then brought it back. think revealed in 2001. brought back in 2003. repealed again in 2011. that scan can be done. but my sense of it would have to be one of the house rules changes. i could be wrong about that. i'm not a parliamentarian by any means. but i tell you i had a chance to talk with senator morie last week. i think you know how democrats feel, made it clear in the last debate where we are coming from. to negotiate with...

You know, i know at least 107 of us signed a letter months ago to the president that said, don't cut social security or medicare as we figure out these budget issues we need to. you know, i sit on the budget committee. paul ryan's budget is the same recycled stuff he's put out there, that's not realistic. we can't even pass appropriation bills, based on their ideas, they're so unrealistic. it's like sasquatch economics. it's something you want to believe in, but it's just not real. and that's why they can't even pass bills assigned to those numbers. i think we need to stand strong. >> i want t...

Repealed again in 2011. that can be done. but my sense of it would have to be one of the house rules changes. i could be wrong about that. i'm not a parliamentarian by any means. but i tell you i had a chance to talk with senator morie last week. i think you know how democrats feel, made it clear in the last debate where we are coming from. to negotiate with ryan on the ryan budget the one that passed the house is terrifying to me. that budget did grievous harm to the things we care about in this country. they continue the $40 billion for oil companies to encourage them to do drilling but they...