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Think suffer. >> this is like a bad summer rerun. their play was partisan obstruction, protecting millionaires over medicare. saying we have plenty of money to give them tax cuts but not seniors their medicare. and continuing to obstruct any progress on our economy. they care about one thing. tea party republicans in congress. they will bring this economy to the bringt of default in order to try and insurance some partisan game. they have to stop the partisanship. they walked away from our cuts. we said oil companies should do more as well. >> you know i have david corn with me who is an exper...

Where's the president's plan? to stop the large et tax increase in american history from occurring on january 1st? the president and i, as you well know, we get along fine. but he has issues with what i believe in and frankly i've had issues about what he believes in. >> i'm not threatening default. mr. israel, thank you for coming on. i want insight here. looks toe me like boehner is threatening just that. he is not going to let the debt ceiling be increased or let the government continue to function. the tea parties will dance with delight but the american people once again may see their cre...

Where is the president's plan to stop the largest tax increase from occurred on january 1st. it's not a personal issue. the president and i get along fine. he has issues with what i believe in and frankly i have some issues about what he believes in. >> i'm not threatening default, mr. israel, thank you for coming on. it looks like boehner is threatening just that. he will not let the debt ceiling increase or create a function. he will create a crisis right before the election. the american people will see their credit rating drop, the s&p will go down, and the county think suffer. >> this is ...

Romney's strategy will be to stand apart from that. and let it fall-so how do you tie this together -- >> mr. israel, let's talk about the timing here. here we are in may, half way through the month. have a big hot summer ahead of us, what point does this crisis hit. they say we have to deal with the bush tax cuts, deal with the problem of cuts and domestic and military spending cuts and deal with the fact that we have to raise the debt ceiling. is all this going to crash before the election? are they going to stop the government before november? >> they tried to do it last year. again this is...