the democratic process, what they are saying is we will blow up the country if you don t listen to us. we will hold hostage the credit of the united states, the good standing of the united states and we will blow it up. bill: bernie goldberg will have more on that coming up. but the bottom line is this. massive pressure had to be put on the obama administration and the democrats in order to get anything done on spending cuts. you can call it extortion. you can call it whatever you want. but the truth is we need far more discipline in federal spending and total reform, total reform of the tax code. and that s the memo. coming next, al sills from newt gingrich, bernie goldberg, juan williams and mary katharine ham. the best debt coverage anywhere continues on the factor in just a moment. thanks to the venture card from capital one, we get double miles on every purchase,