D daddys a hero. Daddy, can we play ponies . Right after we do foldies. Tide boost is my tide. Whats yours . So if ydead battery,t tire, need a tow or lock your keys in the car, geicos emergency roadside assistance is there 24 7. Oh dear, i got a flat tire. Hmmm. Uh. Yeah, can you find a take where its a bit more dramatic on that last line, yeah . Yeah i got it right here. Someone help me i have a flat tire well its good. Good for me. What do you think . Geico. Fifteen minutes could save you fifteen percent or more on car insurance. Im s. E. Cupp. The president looking to a new nis fiscal fight. The rest of Hasandy Aid Bill Up for a vote. Xlees with tax breaks for Rum Distillers . I need a drunk. Im kry is tal ball. Are we turning our kids in to narcissists . A dope. Lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah . Im shooting straight coming to guns. Ready, aim . The cycle is on fire. The house is back and getting serious about the constitution. Members spent 1 05 reciting the entire u. S. Constitution. Its the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. We the people of the United States in order to form a more Perfect Union no person except a
naturalborn citizen shall be eligible to the office of president. The powers to all cases of law and equity. Full faith and credit given in each state to the public acts. Congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. Neither slavery nor involuntary servitude shall exist within the United States. The validity of the public debt of the United States authorized by law shall not be questioned. The right of citizens of the United States to vote shall not be denied on account of race, color or previous condition of servitude. The right of the citizens of the United States to vote shall not be denied on account of sex. The 18th article of the amendment to the constitution of the amendment is hereby repealed. Ah, the constitution from those opening lines We The People to the 21st amendment, wahoo
glorious document. I think i heard a clap or two in there about the debt and the nation paying bills and closer and closer to running out of cash to do it. Remember, raising the Debt Ceiling Isnt Additional Spending but allows the government to pay the bills its already racked up on money its already spent. Today, Fitch Ratings which sets Credit Ratings for countries around the world warned the u. S. Could lose the aaa rating, the highest there is, if theres not a quote medianterm deficit Reduction Plan put in place. What will it take to get a deal . We start with dan gross. His latest piece is titled Obama Brinksmanship puts gop in tough spot on debt ceiling. So dan, you write that while you fall off a cliff, you only bump your head in to a ceiling but economically the ceiling has the capacity to deliver far more damage. You are talking like my friend Steve Kornacki here. What is failing to raise the debt ceiling . Why is that going to be catastrophic . Well, you know, first of all the stock and bond markets will really go haywire in a way they didnt when we were about to go over the fiscal cliff because government bonds are held by everybody. Chinese central bank, Japanese Central bank, every single Bank Financial institution out there. So if theres any question over the value of those and they start to decline, these institutions have a great amount of leverage and interconnected with Everything Else and sort of see what happened in 2008. Its also this issue of, you know, who gets paid . If you start to have to say maybe soldiers get paid but not paying for the fuel or these doctors will get paid, you know, government is a huge force in our economy. Like it or not. And the number of companies that would really be affected from walmart to every Defense Contractor to giant health care companies, if their ability to collect money that is owed to them is then put in doubt, that
triggers a whole, you know, range of activities of other people wanting to collect debts from them. Sounds really scary. Do me a favor, though, and crawl in to president obamas head for me and tell me why you think in 2006 he voted not to raise the debt ceiling and said the fact were here today to debate raising the debt limit is a sign of leadership failure, the sign the u. S. Government cant pay his own bills. What was he thinking there . Voting against an increase of the Debt Kreeling is what you do in the opposition party. Oh, okay. In congress. This is going back for the last many years. Yeah. All the republicans in the senate voted for increases when bush was in office. They vote against it when obama is in office. And vice versa. The problem or challenges now is the house where republicans dont want to vote for it and we need them, you know, it is sort of a luxury you have when the opposition controls the house. You can vote against it and have
engaging in this behavior so bad for the country. Theres, you know, a long piece in politico where they were talking about, you know, what boehners doing and manages this, and theres a line there when someone said we may have to let them do a partial Government Shutdown just to let them get this out of their system before they go on to approve what needs to be done and i think, you know, the challenge of leadership is to tell the people who you are leading that what they want is not realistic or that it doesnt make sense. I think boehners Modus Operandi is to do some sort of lastminute deal. I think thats part of the psychology here. That you let these people, you know, they dont want to approve a debt ceiling, didnt come here to approve it and before theyll do it, they have to do something that lets them get that energy out of their system. And unfortunately, that might
be the best strategy that he actually has, but you know, overall in terms of the president s and democrats approach, i think the president did a wonderful job and the democrats got a good deal in the fiscal cliff deal and the president s Negotiating Strategy of not negotiating on the debt ceiling has really put republicans in the corner where theyre sort of backing away and saying maybe we can go in another direction but one thing im concerned about is when i look back at 2010 and the big losses that democrats sustained there, part of the reason was because we ceded the debate to the republicans and allowed them to frame the conversation around the debt and the deficit and if you look at gallup polling, you can see that the debt and the deficit and government dissatisfaction with government which is another strong place for republicans to fight on are rising, are increasing in importance for voters in terms of what theyre concerned about so im concerned and wonder if
you think this is right, that democrats may be setting themselves up to be on weak terrain sort to speak in terms of 2014 Congressional Elections by allowing this debate to be focused on the debt and deficit. People never stop and always in Campaign Mode and i think with obama the issue is, he has a campaign and wants to get in governing mode and thats why you see the changing of the discussion of the framing and why i think they suffered the losses in 2010 when it wasnt just a matter of issues, they werent getting their voters out to the polls and i think its more we saw it last fall when there was a big debate between obama and romney and the sort of democratic and gop view of what we should do with the Budget Deficit and what we should do with taxes and talked about in great detail and relentlessly. Although, if i could we saw how that turned out. That was more about the future of the middle class and traditionally a stronger place for democrats to be. This is still a question about priorities or at least if im doing the messaging and strategy on this, do you want we have a limited number of resources. We have a fair amount of debt. Assume we all want to reduce our deficits and reduce the amount of debt. Do we want to do that by cutting Social Security and medicare and taking these entitlements and the safety net and fundamentally changing it or do we want more cash from individuals and from companies and whether you do that through higher rates or tax reform or getting rid of deductions, you know, thats a debate worth having and i think one that democrats can be in a pretty decent position to win if they talk about it in the right way. Dan gross, thanks for coming. Thank you. Next, developing news this afternoon on the latest sandy aid bill before congress. A house vote is expected tonight but theres plenty of opposition and maybe for good reason. Were spinning as the cycle
rolls on for tuesday, january 15th. Hey sis, its so great to see you. You, too oh, cloudy glasses. You didnt have to come over actually, honey, i think i did. Oh . You did . Whoa, ladies, easy. Hi. Cascade kitchen counselor. We can help avoid this with cascade complete pacs. See, over time, Cascade Complete Pacs Fight Film Buildup Two Times better than finish quantum. To help leave glasses sparkling shiny too bad it doesnt work on windows. Okay, im outta here. Cascade. The clear choice. Some Brokerage Firms are. But way too many arent. Some of the ones that push mutual funds with their names on them arent. Why . Because selling their funds makes them more money. Which makes you wonder isnt that a conflict . Am i in the best fund for me, or them . Search proprietary mutual funds. Yikes, its best for them. Then go to etrade. Weve got over 8,000 mutual funds
comparemela.com © 2020. All Rights Reserved.