high definition screen on a small format that you can get. reporter: by the way, they say this is just the beginning. in the future we are going to start to see this all over the place from advertisements to even greeting cards at the store. pretty cool. jamie: casey stegall, i know you are going to grab me the kobe bray card, thank you. kobe bryant card, thank you. kelly: downgrading our aaa status what does this mean for your bottom line? police uncovering a frightening plot that involved a high school. chilling details, next. this is a scary situation in where these people had planned and plotted to go to school on opening day, begin with killing any police officer or sheriff s deputy that tried to stop them the carrying out of their plot and plan and take weapons to school and kill their fellow students. my doctor told me calcium
obama often ignores the base so i don t think that is an excuse. i think republicans have to come around on the revenue side. i don t think anyone is talking raising taxes by any astronomical amount, we are talking closing some loopholes. there s no reason they can t come to the middle kelly: certainly no time for finger-pointing. time to get the job done right so the american people can move on. always good to talk to you both. thanks for joining us. what a startling turn of events for today. the top of the hour, the two hour special on the brink neil cavuto will bring this down the causes and potential affects of the credit downgrade and where our nation does from here. that s from 2 to 4 p.m. eastern today only on fox news. jamie: tense moments for a plane full of passengers forced off their flight by the tsa. we ll tell you what the emergency was.
president would want to spend more so soon after the debt ceiling debate. here s their response. we have a right to whole the president accountable on the debt limit. because he s already back to proposing more stimulus spending, higher taxes and more regulations. doubling down on the same failed policies is not the answer. reporter: congressman grimm says he thinks the common sense thing would be to reduce burdensome regulations that make it tough for small businesses to hire new people, simplify the tax code and up energy producing in the states. with kelly: thank you. jamie: the s&p downgrade and the nasty week on wall street is going to put more pressure on washington to act and will they? california congressman john campbell, thanks for joining us today. good to see you. jamie: same here.
impacted. kelly: affect how state and local governments run their budgets that will impact people livinging in states in terms of services. how might that affect adversely affect the american people? that s right. for the federal government for them to actually issue more debt, it is going to be more expensive for them. there will be higher interest rates. that means less money that can trickle down to the state and to the local level. the federal government could either raise taxes on all americans to right to continue with the entire obligation platform they already have or say we are going to cut back. they are probably going to do the cutting back part. which means state and local governments won t have enough for snow removal, maybe trash removal provided by the local municipality, as well as social services. we ll start hearing more of these cuts in the next couple of months. like i said everybody is going to be impacted.
let s go to that now. rating was motivated by a number of factors. one was the political gridlock in washington. which makes us think that it is going to be difficult for elected officials to put the fiscal profile of the u.s. government on a long term sustainable path. part of it was because of the fiscal path itself. debt to the gdp at the all in level, the stays and local governments and federal government, liquid assets 75% of gdp. kelly: there we have it. so far the saudis don t like it, china doesn t like it. they say we should tighten up our spending. republican candidates are calling on the president to fire treasury secretary geithner is that really the issue? isn t everyone to blame? well look, i think geithner is one of the voices during this process who has been trying to push the administration to do more on