states doesn't pay the bills and every american family has to pay the mortgage and make the car payment and get up one day and say i'm not making the payments anymore, but that is what they are proposing but the single exception is that we will pay china and the bondholders, but it is okay not to pay the troops and not the pay social security and anything that is not in the form of a treasury bond obligation, they are willing to write off, and say, you are on your own. we think that is reckless and we also think that is in itself jack up interest rates and cost americans much more through their purchases of all of the goods and services throughout the economy when you have interest rates going up. >> mr. van hollen we understand that the white house has issued the threat of a veto and the president said last night in the televised statement that he believes he can reach a compromise, but where on earth do we go from here? >> well, the reason that the president made the statement, and this is important is we