think one of the things i took away from that was the fear you lower the top rating of the united states, the banks and institutions, a lot of them, pension funds as well, retirees who hold only triple-a securities and if things get downgraded, they have to dump those securities that were once triple-a, government notes and bonds, they don t have to. well, i think there is a real concern, at least, not just from pension funds, but from employers you ve talked to about the impact on interest rates, what it s going to have on the economy and not just reaching the deadline this coming week and what happens if they don t make a real move toward tackling the debt. whether they hit the deadline or not. whether or not the debt ceiling goes up, we re still a long way off on any of the plans fully addressing the debt of the united states and that s an ongoing problem. probably why in contrast in wisconsin a 3.6 billion dollar deficit and turned it into a 300 billion dollar surplus and
300 billion dollar surplus and the bond ratings agencies affirmed our bond rating and moody s called positive, what they re looking for structural changes. i don t hear that talk much m washington, that s what we need more than a debt ceiling lift. neil: the irony could be, whatever they deal they make even if it s by the deadline, the same rating agencies say, they re missing a variety of problems, including the entire financial meltdown and the housing crisis, that little but aside. they are the only game in town. they might go ahead and downgrade u.s. securities regardless, even if there i a last minute deal, especially if that deal looks shallow, right? well, the interesting thing in the krit you heard in the last second. criticizing missing or partially missing the ball before. what are they doing now, they re compensating and people are criticizing that as well. i think a lot of people have
freddie have destroyed or socialized would have to explain what cry wide had in this? why they weren t in the risky mortgages until 2007 they came late, they didn t start the problem. if we are guaranteeing a lot of mortgages now, how come when we foreclose those things go to the banks not the gearan fors? the guarantees don t matter. quinn brings up countryside. countrywide, now as a result of that bill written by chris dodd the 300 billion dollar housing bill, a friend of countrywide. obviously chris dodd and his friends failed to include fannie and freddie. while they put regulations on private market they let their
though, if the president did propose say a 300 billion dollar payroll tax holiday next week, you would be for it and vote for it if you re in that position if it was matched by spending cuts to balance it out. you d do that? absolutely. i will always vote to reduce taxes, but i think we need to do it responsibly by also cutting spending. are you seven points ahead of your democratic opponent in the election? or maybe more. there are a lot of polls out there and there s going to be a new poll out today that will probably be good for us, so, you know, we re pretty excited about it. the mood of the country is that president obama is wrong on most of the issues of the day. they don t understand why you vilify people who make more than 200,000 when those are the people who hire you, those are the people who create the jobs. and we here in kentucky want more jobs. the president is so wrong on our issues on cap and a trade. cap and trade will destroy jobs in eastern kentucky,
sean: senator we ll be watching closely. in my mind i think that would disqualify her. appreciate you being here. one other thing real quick. over a trillion dollars remember obama care wasn t going to cost a trillion. cbo comes out it is over an trillion not counting the 300 billion dollar doc fix. like nancy pelosi said they have to pass it so we can find out what s in it. sean: we found out. medicare was nine times what they projected. thanks senator. we have plenty more hand what a night we have, straight ahead. one in three children in this country are overweight and obese. sean: michelle malkin exposes the first lady s hypocritical war on junk food. student suspended for defending the american flag at school, tonight he s here to respond. all of that plus a website whose sole purpose is to help facilitate extramariririririri