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Bureaucrats well intentioned somehow can do a better job guiding our economy and our lives than free people. and he's wrong! >> so that is mitt romney's opinion about how this whole thing went down. let's keep in mind, besides these defense cuts now that are the automatic trigger effect over the next 10 years, starting after the election, by the way, although it's just that, it's also cuts to entitlements, guys, so yesterday when the president said he's not going to veto -- he is not going to veto any attempt to alter these automatic cuts, he's also going to take it under the chin a little bit...

$123 billion in entitlements would be cut. there would be no plan to extend those tax cuts and the jobless aid. so the bush era tax cuts wouldn't be extended there as well under this plan. >> there is, as you were just alluding to, a fear that there could be another downgrade of our credit because this just shows we are unable to work out any agreement whatsoever when it comes to money and entitlements and taxes in this country. t, there is another cynical argument that i think we should introduce at the moment. far be it for me to be a cynic there winners here. it depends on how you spin it i...

>> i would think the advantage is, you could drill lots of holes, look in lots of rooms as opposed to having to do bigger holes and learn you're basically digging into dry wells. >> exactly. they conduct night operations. we have thermal imaging cameras that would enlighten it for us. night vision glasses would allow us to work well into the night, if we had the security afforded to us. >> i want to get into the seismology, if you will. rob, is there any correlation that can be made as a trigger effect between the haiti earthquake and this earthquake? >> not really. people have asked that ques...

Unfold. no plan to extend the tax cuts and the jobless benefit. if the automatic cuts is altered fear of another credit downgrade. we talked about that last summer. we talked about the debt ceiling debate. moody's of course downgraded us. >> so s&p s&p downgraded us, right? >> moody's. >> moody's. that's right. >> there is discussion that other downgrades could be coming down the pike because the super committee fails. i must admit i'm confused this morning. >> you should be. this is a mess. here is why. i thought that the sequestration the trigger effect was put in there to avoid a downgrade....