>> you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of that negotiation would be to defund the affordable care act. and also they want the type of cuts in the deficit -- in the budget that really will kill everything that the president stands for. if only as we see this modest