before august 2. >> rick: david, as you take a look and listen of what's been going on the last couple of hours, what's your take away. >> the take away is that finally we're talking about spending cuts and not tax increases. thankful many people want to be critical of the tea party, but had it not been for that movement that occurred last election, we wouldn't be talking about purely spending cuts. we would be talking about tax increases. in fact, the only person talking about tax increases is barak obama. luckily congress is talking about how do we cut spending to match the debt ceiling increase that we need to do and make it real cuts? not the business as usual, let's talk about spending cuts, but not actually do them. thank goodness we're actually talking about spending cuts right now. >> rick: go ahead, sir. >> let's be clear, the democrats in both the house and the senate have agreed that revenues, taxes are not on the table with this round. they may be on the table later on and further discussions, but