iranian bank. neil: we have to be careful how many ships we place in the strait, right, because the more bellicose we look the more the markets, for example, over which governments have in control, would read into that, a war, or imminent blockade and prices shoot through the roof and it is damaging. reporter: that right but pentagon officials say this is a routine movement of aircraft carrier and they are not trying to position extra forces in the region but this is routine and they have had two carriers in the gulf for the last few years, frankly, so there was some degree of turn over between the uss stennis and the uss lincoln but this was a test because the iranians threatened they would keep anymore aircraft carriers through. neil: wild, wild stuff. thank you, jennifer. we have a lot more coming up including something that happened in arizona that is
deal with it. you have talked about the need to pay down the national debt. i listened. i agree. we are prepared to freeze government spending for three years. i am proposing starting this year we freeze annual domestic spending for the next five years. our national debt is approaching $1 trillion. i called such a figure, incomprehensible. neil: that is a hell of an ad, so this has been a bipartisan screw up. hope springs eternal and the words are unending but the results are lacking. the results are lacking, and you can say that ground hog day
because when it hits them, their oil goes law this channel, and, that is why they are worried, so, all of a saudi they are getting something resembling half a backbone, but, that could give iran even some of these are going after them? guest: absolutely. they, you know, a few months ago, europe didn t really want any part of an embargo on the oil. but once they attacked the british embassy, then everything changed and they have gone too far, they crossed the line, and the other thing they have to realize, when they look at iran, and they look at their own personal interests, they are being threatsened right now so they have banned together, but, essentially at the end of the day i m amazed they agreed, the e.u., to anything, obviously it has to do with their economy. neil: you are the best.
happens state of the union days inside the beltway. neil: with every state of the union, not each consistently but through the presidencies you outline going back to ronald reagan there is the goal of getting it under control. that goal. but, i think the problem was carrying over those big spending cuts, and, then, in the case of tax cuts when the revenue came in and this was a rap against the republican congress, in the 19 80 s, they spend the revenue and then some. so if you get the money from heaven you spend the money from heaven and you are deeper in fiscal hell. exactly, the intent has always been there but the discipline has not. they have talked about making the cuts since i ve was born, and, yet, nothing has actually been done about it and that is why we have trouble with the tax debate. yes, taxes need to be reform asked we need changes there but we give washington another dollar until they can show that they can be disciplined with
neil: the european union place add ban on imports to iran and to plan on how big a hit, on how it would hit drivers. what do you think, bill? guest: we will find out how crazy this regime is because to they absolutely try to follow-through on shutting down the strait of hormuz, imported oil choke point and the gasoline will hit $5 a gallon and go up there faster than a speeding bullet. neil: in other words just the announcement is the oil shipments would be delayed and people would panic, and there would be a run on gasoline supplies and we would see prices spike. that is assuming the iran government is more crazy than we think they are. they would have to be crazy to attempt this type of thing, that is why a lot of experts are hesitant, but, now the e.u. has agreed and there is a game plan in place and the markets are waiting to see what iran will do. neil: what i add hire about the e.u. is their swarmiest