one we have to and this is why president trump s investment in our nuclear triad and modernizing that and ballistic missile defense is so critical. artificial intelligence and separately controlling our debt. the chinese are the largest debt holder through bonds of the u.s. deficit in the world. that is a national security threat as well. pete: if they can hit us in our wallet. if they have too much leverage that s a bad deal. lieutenant colonel michael waltz. good stuff. pete: could implant be key to fighting opioid crisis. new high tech treatment we will bring it to you. the new york times the president calls them failing new york times blasting president trump s unpredictable foreign policy strategy. they call it unpredictable. maybe a good thing. is it a bad thing to keep our enemies on their toes? we will ask that question. geraldo rivera weighs in on that one on the top of the hour. first, on this day in history, in 1845, the republic of texas became the 8th state.
the president has been very clear that he s not going to be manipulated like that this time, and i think the idea of holding this economy hostage like that, again, i ve been emphasizing in all comments so far makes particularly no sense with the economy improving a he bit. remember, if you re a debt holder and you re holding u.s. debt and we default, i mean, imagine what that what kind of message that sends. what it does to interest rates. in my view fooling around with the debt ceiling is worse than the fiscal cliff. so you re sort of trading one monster for another. i think it would be, again, absolutely nuts to go there. peter, what do you think? oh, i don t agree. i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. not necessarily. it would have a very negative effect on the economy. according to the legislation they would, jared. they would not. jared, you have to let me make a point. the treasury sec
or as senator says, the magees were mangled. and they also gave a pakistani art organization $10 million to begin production on a remake of sesami street for pakistani audiences. it didn t make the cut, but elmo is the only original cast member headed overseas. another example, viewers will be shocked to learn that the united states actually gives millions of dollars annually, over $17 million last year to our largest debt holder china as foreign aid. so happy new year, america. perhaps congress s new year s resolution 9% approval rating should be to cut national debt every day instead of adding every day as the senator suggests in his report. shannon: high unemployment
or as senator says, the magees were mangled. and they also gave a pakistani art organization $10 million to begin production on a remake of sesami street for pakistani audiences. it didn t make the cut, but elmo is the only original cast member headed overseas. another example, viewers will be shocked to learn that the united states actually gives millions of dollars annually, over $17 million last year to our largest debt holder china as foreign aid. so happy new year, america. perhaps congress s new year s resolution 9% approval rating should be to cut national debt every day instead of adding every day as the senator suggests in his report. shannon: high unemployment
this reid plan sometime this afternoon. expected to vote it down. it will be just a demonstration that the reid plan as is is not going to pass the house of representatives. meanwhile, the question is, what s going to happen in the senate, were there any meetings? no meetings scheduled among the leadersh leadership, a top republican leadership aide telling me mitch mcconnell doesn t want to meet with the democrats unless a representative from the white house is involved because the democrats don t have permission to sign off on anything unless the president says so. i also talked to one top democrat from the house this morning about what he thinks, that s congressman barney frank, the chairman of the house financial services committee. let s listen. significant reductions going forward, not immediate, in domestic and military spending, deferring the tax issue for when the bush tax cuts expire and not cutting social security and medicare benefits are things we can look at in