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
Yes, people can be critical of what we ve done. but where are the other ideas? at this point in time, the house is going to act, we re going to act again. but it is final for our colleagues across the aisle to tell us what they re for. tell us how we can end this crisis. welcome back to hardball. that was speaker john boehner before the house voted to pass his debt ceiling bill. joining us now republican congressman from kansas who voted against the boehner bill. congressman, welcome, why did you vote against it? i don t think it does enough. we ve got a $14.3 trillion deficit. it made progress in the right way. i appreciate the efforts of our leadership. the problem remains the senate hasn t put a plan out yet. hopefully they might get started this weekend. common sense would dictate if you didn t go for what the republican house passed, there s a small prospect you ll be satisfied with what comes back
Country. these they re like kids playing with dynomite in the school yard. they do not know what they re doing. well, we appreciate your perspective democratic congressman from washington. jim mcdermott. good luck today. thank you. as you know, uncle sam is quickly running out of cash as the government scrapes up against the 14.3 trillion debt ceiling. apple actually now has more cash on the books than uncle sam. the maker of ipads and iphones sitting on $76 billion. while the u.s. treasury now has about $74 billion. my colleague richard lui has more details on who may get paid and who might not if we default. good morning. good morning to you, alex. it s a catch 22. you thinkle sam struggling, like many americans right now. not enough cash, and a lot of bills to pay. cam august 3rd, this could be the tough choice. pay this list of bills getting medicare and medicaid payments to grandma sending social security checks out and pay groups like contractors to keep our military ru
That means we pay more money in the state of washington. that s going on all over the country. these they re like kids playing with dynomite in the school yard. they do not know what they re doing. well, we appreciate your perspective democratic congressman from washington. jim mcdermott. good luck today. thank you. as you know, uncle sam is quickly running out of cash as the government scrapes up against the 14.3 trillion debt ceiling. apple actually now has more cash on the books than uncle sam. the maker of ipads and iphones sitting on $76 billion. while the u.s. treasury now has about $74 billion. my colleague richard lui has more details on who may get paid and who might not if we default. good morning. good morning to you, alex. it s a catch 22. you thinkle sam struggling, like many americans right now. not enough cash, and a lot of bills to pay. cam august 3rd, this could be the tough choice. pay this list of bills getting medicare and medicaid payments to grandma send
But where are the other ideas? at this point in time, the house is going to act, we re going to act again. but it is final for our colleagues across the aisle to tell us what they re for. tell us how we can end this crisis. welcome back to hardball. that was speaker john boehner before the house voted to pass his debt ceiling bill. joining us now republican congressman from kansas who voted against the boehner bill. congressman, welcome, why did you vote against it? i don t think it does enough. we ve got a $14.3 trillion deficit. it made progress in the right way. i appreciate the efforts of our leadership. the problem remains the senate hasn t put a plan out yet. hopefully they might get started this weekend. common sense would dictate if you didn t go for what the republican house passed, there s a small prospect you ll be satisfied with what comes back from the senate. assuming anything comes back.