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Spending that's over and above how much money we have and so you're forcing a-debt limit, why not do it cleanly at least through the end of the year? >> that's one way to look at it and a fair characterization. the other way that's more per swaesive is we're in this jam. we have $14 trillion in debt based on irresponsibility in the past. both sides of the aisle have been complicit with this, but the public made it very clear they want the madness to stop. the only way to stop the madness is if you are going to do a debt ceiling to make it conditional upon future, future spending patterns. >> f...

>> good morning. >> >> in terms of a short-term shutdown, they can't get to an agreement, shuts down a week or two, how harmful do you think that will be to the economic recovery? >> well, a week or two is actually not a short shut down joun. if this is just a couple days it will be like a snowstorm, that's what i tell people. you know, there will be fewer workers working and less money being spent, but as this lengthens and extends for two, three, four weeks, we haven't had that kind of shutdown before beyond 21 days, i believe. >> 21 days in 1995. if this is a little shorter than that -- >> ...

Loyalty card schemes aren't new. they're a benefit for customers and businesses alike. as a chairman, michael knows the scheme can be a winning addition to his business. >> with these, michael hopes his customers will keep coming back and with that increase the money they spend in store. >> what it really aims to achieve is to connect more closely with customers, get their loyalty, and in return, to increase our sales. >> for michael, this is more than just a smart business strategy. this is his opportunity to get to know his customers, and in return be able to serve them better. >> we can int...

So we have talked a lot about bringing spending levels down to '08 levels. we've talked about things that we can do to make sure that off into the future this kind of spending doesn't continue. when i went back and told you three bites at the apple, the other pieces are budget. we're going to work on our budget and say, look, we'll have to institute some reforms to make sure these spending patterns don't recur. >> if you say serious spending cuts, you don't have something specific in mind. you'll know it when you see it, is that the approach? >> that's not true. we'll have a vote on the floor ...

What will you exact as a promise in order for your members to vote to increase the debt ceiling. >> let me be clear. republicans are not going to vote for this increase in debt limit unless there are serious spending cuts and reforms. >> like what? >> that is just the way it is. so we have talked a lot about bringing spending levels down to '08 levels. we've talked about things that we can do to make sure that off into the future this kind of spending doesn't continue. when i went back and told you three bites at the apple, the other pieces are budget. we're going to work on our budget and say...