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Slow on getting sandy housing relief out. the reason why senator rand paul wanted to slow doling it out. >> what do you make of the fuss that was created at the time that particularly when governor christie was targeting house speaker boehner for holding up getting that money back to new jerseyans because he said they desperately needed it and this is no time to dilly dally. i'm paraphrasing. now it turns out a year later the majority of that has not been spent. >> was an invalid argument at the time and also a reason why we should spend money prudently, even forego cause -- for good causes so...

>> the debt ceiling historically has been among the best leverage that congress has to reign in the executives. >> yes. >> and what else? >> my point is that there's great historical precedence. since 1978, we raised the debt ceiling 58 times. 20 times congress attached very specific and stringent requirements, many of the most significant spending restraints. so the president's demand jack up the nation's credit card with no limits, no constraints, it's not reasonable. >> how far are you willing to go because i'm going to imagine that a number of your republican colleagues as well as all the ...

Journal," how are you? fox news contributor as well. >> hi, bill. great to be with you. bill: why high risk? >> by the way, we've lived through this, i've been covering in the issue for 25 years, it seems like these kinds of standoffs between the president and congress come up every time we raise the debt ceiling. what the speaker said today was he raised the stakes here a little bit, bill, and he said we will not raise that debt ceiling until we get some concessions from the president for more spending cuts. now, this comes on the heels, bill, of a few weeks ago the president saying he will n...

There will be no spending restraints as long as the fed is there to bail anyone and everyone out all the time. >> when inflation comes, what will the government do?wh >> the romans issued wage and sd price control. >> the united states government has already done this. when the dollar was divorced ni from gold in 1971, what came right afterwards, a decade of high inflation in the 1970s and universal wage and price controls under nixon. nixon was kind of a softie compared to the roman emperors. when it was done in 300 a.d., it was punishable by death. even still, you had the same bad consequenc...

I quite frankly liked the op-ed in "the wall street journal" today that showed our budget with the stablization pulling back on all of those spending components and putting ourselves in a position of growth would give us household income growth of $1500 in 2014 and $4,000 per household within this ten-year window. and what we're saying is, you've got to get this under control. now, the president wants to continue to spend and put new spending in place by getting new revenues. that's not workable. the american people don't want that. they want to see some spending restraints, some control, some...