they will present this deal to boehner and he will resist and resist and resist and get certain concessions and make it more house friendly and lower the revenues and then a deal is cut that includes boehner. maybe not cantor the majority leader but boehner. then i think they will present that deal in the house of representatives and the republicans in the house will rebell just like they did on tarp. they will refuse to pass it. and there will be enough votes in the thousand pass it because the democrats would support it and enough republicans would support it to be a majority. but the democrats are then going to say we are not going to vote for it unless the republicans do because we are not going to take the blame for this thing. at that point there will then be a the real negotiations take place between the house republicans and the rest of the government. and i believe that there will be a shutdown. i believe that there will be not a default because obama s bluff will be calle
they will present this deal to boehner and he will resist and resist and resist and get certain concessions and make it more house friendly and lower the revenues and then a deal is cut that includes boehner. maybe not cantor the majority leader but boehner. then i think they will present that deal in the house of representatives and the republicans in the house will rebell just like they did on tarp. they will refuse to pass it. and there will be enough votes in the thousand pass it because the democrats would support it and enough republicans would support it to be a majority. but the democrats are then going to say we are not going to vote for it unless the republicans do because we are not going to take the blame for this thing. at that point there will then be a the real negotiations take place between the house republicans and the rest of the government. and i believe that there will be a shutdown. i believe that there will be not a default because obama s bluff will be calle
leader but boehner. then i think they will present that deal in the house of representatives and the republicans in the house will rebell just like they did on tarp. they will refuse to pass it. and there will be enough votes in the thousand pass it because the democrats would support it and enough republicans would support it to be a majority. but the democrats are then going to say we are not going to vote for it unless the republicans do because we are not going to take the blame for this thing. at that point there will then be a the real negotiations take place between the house republicans and the rest of the government. and i believe that there will be a shutdown. i believe that there will be not a default because obama s bluff will be called and he will come up with the money for that and social security but a lot of government agencies are going to close down. and that could happen for awhile. and then a deal will eventually be struck some where between those. but what is hap
then i think they will present that deal in the house of representatives and the republicans in the house will rebell just like they did on tarp. they will refuse to pass it. and there will be enough votes in the thousand pass it because the democrats would support it and enough republicans would support it to be a majority. but the democrats are then going to say we are not going to vote for it unless the republicans do because we are not going to take the blame for this thing. at that point there will then be a the real negotiations take place between the house republicans and the rest of the government. and i believe that there will be a shutdown. i believe that there will be not a default because obama s bluff will be called and he will come up with the money for that and social security but a lot of government agencies are going to close down. and that could happen for awhile. and then a deal will eventually be struck some where between those. but what is happening now is that t
exactly how underfunded the pension programs are. congressman, illinois governor passed a law that the democratic mayor of chicago said will increase property taxes in kick by up to 60 percent to cover the pensions. we can pass new taxes. we can add transparency. but at the end of the day, unless you cut the obligation you are going to have to raise taxes to a point where the public will rebell. guest: and part of the problem we have today we do not know what the truly unfunded liabilities are. some of the unions say it is only $1 trillion and semi-10 and some say it could be $5 trillion or $6 trillion or up to