maybe even a vice presidential candidate or a presidential candidate. well, it just makes my heart sing. i mean, what the hell? that s the goofiest thing i ever heard in my life. i never aspired to that when i was there. i m a legislator. i couldn t administer my way out of a paper sack. but i sure love to legislate. i love the hearings, i love to learn, i love to research, i love the debate, i love the floor debate, i loved everything about it. and that s, that s what they re not doing. they re not legislating. they re meeting in their caucuses to figure out how to screw the other party instead of how to heal america. what a sad thing to watch. it didn t work that way when i was there. you worked with guys on the other side. i didn t have to agree with ted kennedy or admire what he did, all i knew was when he shook my hand or looked me the eye, he never broke his word once. now we have guys that won t compromise on anything. you could give them the whole deal, they wouldn t even kno
today it s over 72%. that is outrageous. we have some serious economic concerns that need to be addressed and they need to stop doing this blame game, because it s not getting us anywhere. jon: i get all kinds of emails and top lines from the folks on our chat who say, hey, please don t describe what was achieved last week any kind of a budget cut, what they ve really done is slow the growth in future deficits. yeah i think a lot of what you ve seen in the markets actually is a response to the fact that the deal that they reached was really not the type of deal that the market wanted to see. it was not anything that was substantial. that s where a lot of anger is coming there. yes, the real problem is the deal that they reached. it just isn t going to do enough to get us to where we need to be in terms of cutting our deficit. jon: let s get back to the question from the lead in, from
given the fact that the bottom has loaned past the debt ceiling 106 times since 1940. jenna: let me stop you there. when we hear on error, we think that somebody is adding up two plus two, that equals five and that means a huge mistake. you re saying in the models the projections they were building, they were plugging in another number than what the government would like them to use. that s right, jenna. it came down to essentially a difference of opinion. on what each side of this thought. jenna: can they bring us can this committee bring this and reverse the downgrade? they can t do anything about it, s&p is a private company, so what is going to be the outcome? you re going to see a lot of political grandstanding, in my personal opinion, and you know, s&p is still going to say look, you need 4 trillion plus in spending cuts over the next decade and if you don t do it, you know, you still risk going down to aa in six months or two years time if you don t come up with the 4 tri
are grieving heavily. jon: still some mystery about what happened, the chinook helicopter apparently was shot down in eastern afghanistan over the weekend, the taliban as you can imagine is claiming responsibility for a successful attack. are we seeing a growing insurgency in afghanistan as we begin drawing down our troops in that country? joining us now, michael o hanlon, senior fellow of foreign policy studies at the brookings institute. what was this, a lucky shot by the taliban, or is this a sign of something more serious, more sinister? as you suggest, it s too soon to be sure, and of course i m sure the military is doing investigations to learn more about the specifics. my guess is that just like any time in war, there is a certain amount of unpredictability and randomness and this probably was a lucky shot, the initial indication which isap seems to confirm are that the taliban did shoot it down. their weaponry is not that advanced, i haven t heard any mention of a possible su
going to help this economy in the short run. jon: so this would be a good day for jenna to buy me lunch, is that what you re saying? i think jenna should buy you lunch every day. jenna: i knew that was coming. jon: ed, the managing partner of chatwithinvestment manager. jenna: always trying to get a free lunch, i don t know what to make of it. he s hungry, i guess. jon: yes, i am. jenna: you can see the markets higher today, but there s still so many questions about what s ahead for d.c. we have a live report from the white house with. also, the impact of downgrading america s debt with former wyoming senator alan simpson, what he has to say about what s next. he, of course, was on the big debt commission for the president. we want you to participate in the discussion. what do you want to hear from the senator? rick, anyone can ask him anything. open book right here. reporter: open book. we re going to pose your questions to senator simpson. one has already come in, jenna, why di