running. republicans refuse to be drawn into this. it could give shock waves to the entire global system. we cannot go on scaring the american people. we need to be truthful. next, two men who have a lot to say about government, taxes and you. money expert dave ramsey and cory booker. america in the balance. this is piers morgan tonight. good evening. if someone doesn t do something in 19 days and three hours, this country will technically run out of money simply put, the government won t be able to borrow any more cash if congress and the white house can t figure out a way to raise the debt ceiling currently stands a mouth watering 14$14.3 trillion. the situation is so dire, moody s, the bond rating service says it s putting america s gold rated aaa status under ve view and could be headed for an unprecedented default. massachusetts governor says it s the republicans to blame. why do you say that? you guys are in the white house, aren t you? thank you for having
that s not enough to keep the government running. what this argument could cost you. we must lift the debt ceiling. republicans refuse to be drawn into this legislative trap. it s a notion it would become suddenly unreliable to throw shock waves through the entire financial system. we cannot go on scaring the american people. we need to be truthful. tonight, what will happen next. i ll ask two men who have a lot to say about government, taxes and you. money expert dave ramsey and cory booker. america in the balance. this is piers morgan tonight. good evening. if someone doesn t do something in 19 days and three hours, this country will technically run out of money. simply put, the government won t be able to borrow any more cash if congress and the white house can t figure out a way to raise the debt ceiling, which currently stands at a mouth-watering $14.3 trillion. the situation is so dire, moody s, the bond rating service says it s putting america s gold rated aa
money expert dave ramsey and cory booker. america in the balance. this is piers morgan tonight. good evening. if someone doesn t do something in 19 days and three hours, this country will technically run out of money simply put, the government won t be able to borrow any more cash if congress and the white house can t figure out a way to raise the debt ceiling currently stands a mouth watering 14.3 $14.3 trillion. the situation is so dire, moody s, the bond rating service says it s putting america s gold rated aaa status under ve view and could be headed for an unprecedented default. massachusetts governor says it s the republicans to blame. why do you say that? you guys are in the white house, aren t you? thank you for having me. this is a time we need a lot less politics and a lot more patriotism. what the president has done is put on the table a very balanced approach. it favors and is overwhelmingly weighted in favor of cuts, some to programs that democrats have champ
we are spending 25%, and, the obama budget never gets below 23 and that is what the ryan budget does, obama would add 12 billion over the same period of time to our debt. heather: fed chairman ben bernanke says any default, talking about the possibility of a default august 2nd, could cause severe disruptions in financial markets and some republicans say, well, all right. we will not default, we ll take the money we have, without raising the debt ceiling and pay off chinese creditors first and cut government services but he says that will not work, either. put it up on the screen. he says the treasury would find it necessary to prioritize among and withhold critical disbursements such as social security and medicare payments and funds for the military, and senator, he says, that also would scare the markets. it probably would. and the question is, how do you gets the kind of reform in spending and long term debt
economy, of the gdp, and today we are spending 25%, and, the obama budget never gets below 23 and that is what the ryan budget does, obama would add 12 billion over the same period of time to our debt. heather: fed chairman ben bernanke says any default, talking about the possibility of a default august 2nd, could cause severe disruptions in financial markets and some republicans say, well, all right. we will not default, we ll take the money we have, without raising the debt ceiling and pay off chinese creditors first and cut government services but he says that will not work, either. put it up on the screen. he says the treasury would find it necessary to prioritize among and withhold critical disbursements such as social security and medicare payments and funds for the military, and senator, he says, that also would scare the markets. it probably would. and the question is, how do you gets the kind of reform in spending and long term debt