>> we need a president, ladies and gentlemen, that is going to stand up and say we have an economic deficit. it's called $15 trillion in debt. >> the president will get his money because in exchange for budget cut the summer deal gave him chunks of borrowing authority, known as tranches to prevent the government from defaulting. house republicans will likely have the votes next week to disapprove of the final tranche, $1.2 trillion in borrowing. the democratic run senate is unlikely to follow suit. even if republicans there somehow pass it, the president would use the veto pen preventing the borrowing from being blocked. >> our national debt is going up in real terms $100 billion every month. they are screaming we can't cut. we can't cut. >> they want to raise taxes on the risk, nonstarter for