it is a teetering point and how the markets react to it is key. i think the other key point here is that we wouldn't be at this spot of limping the debt ceiling increase to any cuts of spending or any effort to focus on the debt, the national debt of 14.3 trillion had it not been for the november 10 election. that is something that conservative republicans point to is that they're proud of this moment. not ashamed of it when you talk to them up on capitol hill because this is the focus now. and the nation, whether you like it or not, is paying attention to this issue of the debt and largely it wouldn't have, they argue, if the administration had their way. in april, they wanted a clean debt ceiling increase without any tie to any spending cuts or anything else. this is not a position they want to be in. you are right. the debt ceiling will be raised though no matter what. >> laura: an excellent point, bret. we know if the tea party didn't
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