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Again, the treasury secretary ought to be ashamed of himself but the president ought to be ashamed of himself. there is a pattern here, when it came to the budget all he is doing is playing politics. when it comes to entitlement reform, look what they are doing, and now with this debt ceiling, the administration is purely playing politics and trying to scare the american people. geithner knows this government has plenty of money this year to service its debt and pay its bills. >> what he wants is for us to go out and have unlimited borrowing without any agreement to cut spending before you mak...

Borrow money, i think the financial markets will call us on it and we will have a debt crisis because we will not be able to borrow the money. >>guest: i agree and i think geithner and president obama know that. if we don't get serious about spending in this country, that is when you will see the markets go crazy and react. they want this town to get serious and we are not goint to get serious if we continue to raise this debt ceiling. >> a quick thing, we probably will run out of money maybe by friday of this week, it is getting that close, when do we vote on spending cuts or a balanced budge...

Before dealing with it and unlike what geithner said, armageddon didn't hit and the markets didn't fall apart. they are fearmongerring because he is scared, really, of the fact that the president has got to get serious about spending cuts. >> you shared the screen briefly there with congressman ron paul announcing the first step in his white house run right on continue of it and he was on the screen with you, congressman, and that is his first step, i believe, to formally making an announcement for the run, another run, for the white house. gentleman walsh, we thank you for joining us. very in...

Until the 5.89 -- >> neil: in other words it isn't worth it, if the government is helping you get the loan, it's not the government's role. you're saying they'll go to who runs the bond about buying clearinghouse and maybe we should have the government take over the whole caboodle. what do you say? >> that worries me about what geithner was saying this morning. if you take an implicit subsidy and make it explicit, so what? under fannie and freddie in the old days, we were driving in the wrong direction on a road to financial ruin. instead of going in a car, we go in a train or plane or pedal a...

That's a general view in the economy that's getting better. >> here for the financial report. what does geithner have to say? what's the asaysment? >> he's accurate. but the truth is we're seeing some troubling signs that that's not happening. the last round of data, the last few weeks of economic data have been disappointing. suggests that the economy is growing, not growing fast and not growing fast enough to put people back to work. >> the quinnipiac poll. 23% say it's getting better, 31% say it's getting worse. what geithner says is true, people aren't feeling immaterial because you're say...