the president made clear, he wants the largest deal possible. he wants to do the most we can to reduce the deficit. that would be the right thing to do for the american people. he made it clear, he s willing to go into areas that he s not in the past been comfortable going into, and others but he used that good morning. it is 8:00 a.m. on the east coast. as you take a live look at new york city, welcome back to morning joe. i m peter alexander, sitting in along with mike barnicle in boston. and back with us at the table are pat buchanan, jonathan capehart, ed rendell, and harold ford jr.. good morning. we begin now with the debt crisis. it is a new week and that means there are new efforts in washington to try to make a deal on the deficit. both houses of congress are now rolling out separate compromise plans in a bid to stave off the u.s. default. senate majority leader harry reid is joining with his