it s their fourth meeting in a week to reach a deal on the debt ceiling. with talks in limbo, president obama discussed the consequences of default with cbs news. can you tell the folks at home, no matter what happens the social security checks are going out august 3rd. there are $20 billion worth of social security checks that have fo go out the day after the government is going to go into default. these are veteran s checks, folks on disability and their checks. there are 70 million checks that go out. can you guarantee us checks will go out august 3rd? i cannot guarantee the checks will go out if we haven t resolved the issue. there may not be the money in the coffers to do it. the president is pushing for a comprehensive deal in the neighborhood of $4 trillion in cuts. mitch mcconnell called it smoke
rockefeller is now suggesting may launch an investigation state side. well, you know, murdock s power in the united states, he got to be a united states citizen rather quickly, didn t he? who backtracked that baby? this is happening here already. it s happened over the years, murdock s power. his fight with ted kennedy, with channel 5 up there. this isn t new to us. this is an old story, his fight with the left and power on the right. we are going to get a reprieve for that story over the next couple weeks. let s take it to washington where you are now. a lot of drama. you had mitch mccon nell and john boehner looked like they waved the white flag yesterday saying you take it barack obama. we re going to let you raise the debt ceiling and blame you later.
this is john boehner and mitch mcconnell saying you win. you have all the power to raise the debt ceiling. this is a complete betrayal of the tea party, of everything republicans talked about during the 2010 campaign. if the plan goes through, they have betrayed the conservative base. joe, i agree with you, to this extend. it s like gettysburg saying we ain t charging up that hill, we are getting out and fighting another day. there s a chance still for the house. boehners job is on the line. it is this. here is $500 billion or $1 trillion out of the biden cuts and the ryan plan with the budget amendment and the debt ceiling increased by 500 or 1 trillion. send it over and tell the president go ahead and veto it, sir. we don t think we will. it s the last shot of the
four former first ladies and a former president among hundreds remembering betty ford. nancy reagan was there escorted by george w. bush. first lady michelle o bomb marx hillary clinton. we asked you what you are doing upright now. one quick answer. what do you have? a lighter note, eric writes i was already awake naked and sweaty. what the hell, why not watch. no, no, no. let s go to morning joe now. quick, quick, quick. after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office, real solution is probably unattainable. mr. mcconnell said i think the day i was elected his job
it would give the president authority to raise the debt limit in three installments until the 2012 election without having to agree to spending cuts up front. president obama would also have to submit proposals for spending cuts with each request to raise the debt ceiling. senator mcconnell says the plan is not his first choice but republicans want to send a signal to the markets that there is a way out. speaker boehner echoed the se sentiment on fox news. mitch pointed out his idea is if we can t get there, none of us believe we ought to default on the full faith and credit of the united states government. i think that idea and there are other ideas out there in terms of backup plans in case we can t come to an agreement. doesn t that under cut you? not at all. i think everybody believes there needs to be a backup plan if we were unable to come to an agreement. i think mitch has done good work. pat buchanan, i m sorry, of course that undercuts him.