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given the fact that the bottom has loaned past the debt ceiling 106 times since 1940. jenna: let me stop you there. when we hear on error, we think that somebody is adding up two plus two, that equals five and that means a huge mistake. you're saying in the models the projections they were building, they were plugging in another number than what the government would like them to use. >> that's right, jenna. it came down to essentially a difference of opinion. on what each side of this thought. jenna: can they bring us -- can this committee bring this and reverse the downgrade? >> they can't do anything about it, s&p is a private company, so what is going to be the outcome? you're going to see a lot of political grandstanding, in my personal opinion, and you know, s&p is still going to say look, you need 4 trillion plus in spending cuts over the next decade and if you don't do it, you know, you still risk going down to aa in six months or two years' time if you don't come up with the 4 trillion plus in cuts over the next decade. jenna: we'll see if they can

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