it's not good for the economy in a constant threat we would not go in to default or the default of america is a bargaining chip. >> gene, the president deliver add speech to the american people. took it to the american people. it was, i think most people in the middle would agree, a very balanced approach that you're talking about that the president was talking about last night. but at the end of the day, if the republicans are not going to compromise with this president, it comes down to one real question -- and that is, if john boehner doesn't get the republicans to move on taxes, on tax loopholes, if he doesn't get them to move on other issues, on spending, if he doesn't get them to move on a permanent debt ceiling increase, will this president veto a bill that john boehner and congress sends to him? >> look, we're facing a stalemate right now. our issue now is not what happens if legislation comes to