care, we look at regulations. regulations are really, we burden on thegest american consumer, taxpayer, household today. see that reduced. host: and how do you go about doing that? funded?you guest: funded by a variety of private we have individuals, foundations and uch less, in fact, than corporations. we respect privacy of our that i but to the extent don t know who they are. so, it is going to be very to tell me r them what to do when i don t know who they are. talking about ay shrinking government bureaucracy, on the competitive website, institute cei.org. this report focuses on the agencies and as he said a moment ago, regulatory of cei. the focus why these seven agencies that on here? guest: this all came about as result of the president s reorganizing r on the executive branch. he asked for recommendations agencies, but also asked for recommendations from outside. a few other ite think tanks and group necessary washington, d.c., we submitted decided to ons and polish t
billion a year. that means about raising the debt limit, we won t be able to pay bills worth about $700 billion. that means social security recipients, defense contractors, that means bondholders, a lot of different people. it will affect everybody there very significantly if we don t raise the debt limit. host: what would it mean for the u.s. federal government, our credit rating if that doesn t happen? guest: not speaking for the rating agency, but i suspect it would mean a lower rating. you can remember back in 2011, we had another scare with regard to the debt limit. we ultimately raise the debt limit before we breached it, but standard & poor s downgraded the u.s. debt at that point in time because of the dysfunction over the debt limit signaled. it s very likely will see other downgrades if we breached it. host: why do we continue to keep having this debate? are we not raising it far enough? guest: actually it has been suspended. it s not a matter of raising the debt li
household today. see that reduced. host: and how do you go about doing that? funded?you guest: funded by a variety of private we have individuals, foundations and uch less, in fact, than corporations. we respect privacy of our that i but to the extent don t know who they are. so, it is going to be very to tell me r them what to do when i don t know who they are. talking about ay shrinking government bureaucracy, on the competitive website, institute cei.org. this report focuses on the agencies and as he said a moment ago, regulatory of cei. the focus why these seven agencies that on here? guest: this all came about as result of the president s reorganizing r on the executive branch. he asked for recommendations agencies, but also asked for recommendations from outside. a few other ite think tanks and group necessary washington, d.c., we submitted decided to ons and polish them off and present them to the public, as well. them, it iswe chose the areas in which we have the most
news that the scottish parliament has asked the uk government to hold a second independence referendum. it passed by 69 59. but tonight the scottish secretary appeared to push back any referendum until well after brexit. iain murray is the only labourmp in brexit. iain murray is the only labour mp in scotland. hejoins us live. thanks for joining labour mp in scotland. hejoins us live. thanks forjoining us. scotla nd live. thanks forjoining us. scotland voted overwhelmingly to stay in the eu. there s been no guarantee that after brexit there will be more devolved powers to holyrood. once westminster gets powers back from brussels. therefore, a second independence referendum seems only right and proper? i think the scottish parliament made the wrong decision at the wrong time for the wrong reason. all the hypothetical scenarios you posed to me, no one knows the answers. that answers the question as to whether scotland should have a referendum. that shouldn t have fun while all