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Transcripts for CNN Anderson Cooper 360 20131009 05:13:00

countries, virtually every country in the world doesn t have a legal debt limit, end of story. shouldn t have one. okay. so then what you re saying is we should never address our long term debt. the only way in today s political world [ overlapping speakers ] but then why hasn t it been addressed for the last three years? you tell me what democrat proposal came forward. you might not like paul ryan s budget. you may disagree with things. i disagree in his budget. but he had the courage to step forward and attempt to deal with our long-term debt. let me give you the final thought. we have not been serious about the debt in this country. i want to make very clear you re absolutely right. i would like to see washington deal with that debt but this is not the way to do it. not the context. then tell me what the way is. you don t do it on the edge of cataclysm. how do you do it? negotiate budgets in a normal way, not one chamber refuse to go to conference or write a budget

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Transcripts for CNN AC 360 Later 20131009 02:14:00

absolutely right. i would like to see washington deal with that debt but this is not the way to do it. not the context. don t do it on the edge of catacly cataclysm. how do you do it? negotiate budgets in a normal way, not one chamber refuse to go to conference or write a budget for years. congressman grimm, good to have you on again. when we come back, words about the government shutdown. one word we re hearing a lot is hostage. americans take care of business. they always have. they always will. that s why you take charge of your future. your retirement.

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