washington where things stand with our chad pergram. hi, chad. neil, good afternoon. the house freedom caucus just took a formal position in the debt ceiling debate. it endorses the bill passed by the house in april. the caucus says there should be no further discussion until the senate passes the legislation. the house bill, we passed it. that is the mechanism right now sitting there that there s 11 democrats in the senate and the democratic president of the united states that stand between that bill and it becoming law. it was thought that house speaker kevin mccarthy would lose a good chunk of republicans who could not accept anything less than the house passed bill. the question is can mccarthy get just enough gop members on board and can democrats provide the rest. speaker mccarthy has limited capacity to really negotiate. he s handcuffed and in leg irons from that 15 votes that it took to get them elected. if he is able to negotiate something, once he tries to
better 40 years now, talking to the iconic figures, sam zell stands out, made as billions in real estate, think about that, warren buffett in stock, but the real estate they called him the grave dancer. he had this unique ability to see distressed properties that no one else wanted to touch, he would touch on repair and make the moneymakers, and he would soon become a multibillionaire. in real estate and only real estate. it made him wise and also made him one of the more frank explainers if you will. a yogi berra of finance if you will when it came to things like debt. take a look. we talked for years, decades about this exploding debt and under republican and democratic presidents it just keeps exploding and a lot of people say, well, and interest rates are very, very low. don t worry about it. what you say to that? well, i think that they re been plenty of times in history where other people have said
The arrest this week of top opposition leaders shows Tunisian President Kaïs Saïed is drifting ever farther away from basic democratic practices. Yet there's no mass uprising, unlike in 2011, perhaps because economic factors are foremost on people's minds.
in in february. that s what people care about that s what people will feel and see going into november. yeah, and my good friend chuck s points about the democrat not supporting the tax cuts it s very similar to the republicans not supporting obamacare ordealing with it you re dealing with something that will affect that big part of the economy and 100% partisan and the only thing bipartisan in d.c. is in competence. these guys are absolute idiots. we doubled the deficit under president bush, we doubled it again under president obama. we cannot afford the easiest financial crisis in the history of the world is american debt it s going to take a while for it to manifest itself but we ve got to do something about this exploding debt. dagen: but gary b., is now the time again you can use this as a positive or negative to make this tax cuts permanent because we clearly see an economy that is picking up steam. consumer confidence at a 14-year high and that s even higher among lower income
trillion deficit going in. so, he had $1.5 trillion of deficit to work with and giveaways tax cuts and everything else, rather than revenue-neutral, which is what ronald reagan did, which is what bowles and simpson did, which is what i wanted to do and many republicans kind of wanted to do, i thought, but that s not what we ended up with. and chuck, the only thing about it, when you look in 86, ronald reagan did it and did it in a way that everyone was involved and got bipartisan support. right. george bush number one had to pay the price for that because he saw that we had an exploding debt that wasn t supposed to have happened, but it did, and he had to make adjustments for our country, which he did and sacrificed his own political career and re-election as president. this is what we re dealing with. and i m saying, anybody that would have gone, chuck, to the all-member hearing that we had last thursday, the thursday before, and heard the readiness of our military, the need that