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Families all across america. you know some are furloughed, and they know they re going to get their pay when they come back. a lot of families are not in that situation. i mean, they re flat out unemployed. 900,000 jobs have, you know, are estimated to have been lost because of this whole thing. i mean, this is deeply troubling. but what s equally troubling is our failure as a country and this institution and the president to agree upon a long-term plan that slows down the growth of mandatory spending. you will not get any argument from me that the short-term government by cr is no way to go. congressman scott rigell of virginia. thank you. chris van hollen, ranking member of the house budget committee. first question to you, congressman, is is john boehner going to bring this to a vote? if the contours of the deal are the ones that we re reporting, and i d be curious if house leadership is being read into this, which don t do much to obama care there s some talk about one tax bein ....
The government were not to raise the debt ceiling? the paradox of the financial markets right now is that the more they think there s going to be a deal, the more they just go, okay, so what? as you saw today. and then people in washington say, you see the financial markets don t care, after all. right. they re using it as evidence there will be a deal. i know, but then you turn around, and then the moment the deal looks like it s falling aparty, the financial markets will fall apart. quickly, shouldn t we just get rid of this thing? should there not be a debt ceiling? there shouldn t be. of course there shouldn t be. it s a crazy way to run a railroad and this is not the way any policy should be ran. i think that should be part of the deal. i think that in this deal if you re negotiating anyway about getting this, let s just kill it. that s the one thing i will confidently predict will not happen in all this. they will not get rid of it. steve rattner, thank you for yo ....
His designee. just so we re clear, they understood that a vote to reopen the government would pass the house. they did not want it to happen. they wanted to keep the shutdown going because they saw it as leverage, and so, they rewrote the rules of the house of representatives to make sure only eric cantor or someone he said could bring up the senate bill to reopen the government because they were so terrified that any member bringing that to the floor would pass it and reopen the government? that s exactly what happened. i mean, they were afraid of the democratic process, because they can count. that is the smoking gun. and the big question now is, whatever deal comes out of the senate, the thing we re going to watch and hopefully we can get you back here to talk about it is does speaker boehner bring it for a vote? congressman chris van hollen, thank you for joining us. richard costa with the national review and cnbc contributor. the question is, mitch mcconnell is working out ....
More they think there s going to be a deal, the more they just go, okay, so what? as you saw today. and then people in washington say, you see the financial markets don t care, after all. right. they re using it as evidence there will be a deal. i know, but then you turn around, and the moment the deal looks like it s falling aparty, the financial markets will fall apart. quickly, shouldn t we just get rid of this thing? should there not be a debt ceiling? of course there shouldn t be. it s a crazy way to run a railroad and this is not the way any policy should be ran. i think that should be part of the deal. in this deal, if you re negotiating anyway about getting this, let s just kill it. that s the one thing i will confidently predict will not happen in all this. they will not get rid of it. steve rattner, thank you for your time. my pleasure. we ll be right back. ....
If no deal is reached in congress, america may hit its debt limit just three days from now, which very likely means default, possibly financial chaos and chaos for the world economy. but a bunch of republicans have this new line. they re saying don t worry about it. once the government can no longer pay all its bills, all it needs to do is prioritize who it pays so that bondholders come first, and that way, there s no default and everything will be fine. there s no reason for us to default. we bring in $250 billion in taxes every month. our interest payment is $20 billion. tell me why we would ever default? i would dispel the rumor that is going around that you hear on every newscast that if we don t raise the debt ceiling, we will default on our debt. we won t. we ll continue to pay our ....