the reality is, under george w. bush, this would increase the debt limit seven times, under ronald reagan, 18 times. 70 times since the 1960s, and 130 members who are republicans in congress to date voted to raise that debt ceiling under george w. bush. is there any real reason to believe here, ed, that one of the reasons congress will not vote to put the economy in the black because the economy is in the hands of the black. that seems extraordinarily harsh. but the reality is, there seems to be no logical or reasonable answer or response to the notion other than they want to deny this democrat and this particular president the victory of having the ability to forth consensus here around the reality of american debt. are you suggesting that there s no way the president can get any kind of a victory out of this working with republicans for the good of the country? they just won t give it to him? they just will not.
the reality is, under george w. bush, this would increase the debt limit seven times, under ronald reagan, 18 times. 70 times since the 1960s, and 130 members who are republicans in congress to date voted to raise that debt ceiling under george w. bush. is there any real reason to believe here, ed, that one of the reasons congress will not vote to put the economy in the black because the economy is in the hands of the black. that seems extraordinarily harsh. but the reality is, there seems to be no logical or reasonable answer or response to the notion other than they want to deny this democrat and this particular president the victory of having the ability to forth consensus here around the reality of american debt. are you suggesting that there s no way the president can get any kind of a victory out of this working with republicans for the good of the country? they just won t give it to him? they just will not.
shut it. shut it down. they cheered when he gets to the shut it idea. and waits for the clears. that s the aplauz plauz line in the speech. they like that idea. not something you should try hard to avoid. they re kind of psych for it. back in april the government came close can to a full federal shutdown. next the debt ceiling. democrats and republicans are negotiating over this in washington. the premise behind negotiations is that both sides want to avoid the catastrophe of hitting that debt ceiling in defaulting on american debt. nobody, democrat or republican, is willing to see the full faith and credit of the united states government collapse. are we absolutely sure of that? nobody s willing to do that. are we sure? [ chanting ] cut it or shut if one side
the g-8 is absolute. the only reason we expanded the g-7, the western industrial democracy to add russia was in yeltsin days we thought to coax them to democratic alliance in putin, not highly industrial society and it exports oil, gas, caviar and not a lot else. it isn t a democracy for sure. why do we have a g-8? a going through motions. that is all that this is will amount to. bret: there is a lot of apprehension in europe about not only the euro but the status of their economy. and that will factor in heavily in the next couple days. i m sure there is worry about american debt. clearly, we are being rather reckless. europe is a way the see in to our future, what is going to happen. we are not acting irresponsible. at least the party in power is not exploiting the issues. not looking seriously in debt.
the g-8 is absolute. the only reason we expanded the g-7, the western industrial democracy to add russia was in yeltsin days we thought to coax them to democratic alliance in putin, not highly industrial society and it exports oil, gas, caviar and not a lot else. it isn t a democracy for sure. why do we have a g-8? a going through motions. that is all that this is will amount to. bret: there is a lot of apprehension in europe about not only the euro but the status of their economy. and that will factor in heavily in the next couple days. i m sure there is worry about american debt. clearly, we are being rather reckless. europe is a way the see in to our future, what is going to happen. we are not acting irresponsible. at least the party in power is not exploiting the issues.