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-- -- John Boehner plans to use the federal debt limit as leverage.
To hate you says win a grand bargain on taxes spending and social programs.
Senior political analyst -- you know has some thoughts on the tactic didn't break.
-- -- Speaker banners plan to once again use the debt ceiling increase to force action on spending and deficits.
As the Democrats and their media friends in full cry.
Nancy below Pelosi said Boehner quote wants to go over the -- and quote the New York Times congressional correspondent.
To Boehner has quote a risky habit he can't kick.
The premises at last year's debt ceiling battle triggered by Republicans push the government close to defaulting on interest payments.
And thereby caused a downgrade in America's credit rating.
But that premise is almost entirely false even if the debt ceiling had not been raised and the government had been forced to stop borrowing.
Tax revenues would still have been enough to cover 60% of the budget.
-- interest payment account for only about 6% of the budget the treasury could easily -- made the payments.
As for the credit downgrade S&P said it was dismayed by the brinkmanship that accompanied the debt ceiling showdown but.
What really -- the rating agency was that nothing major got done to curb the growth of entitlement spending the main driver of the deficits growth.
Asked if one party were to blame S&P is John Chambers at the time there was plenty of blame to go around.
Certainly the Democrats dug -- as they are against entitlement reform deserve their share of the blame.
But don't expect Nancy Pelosi do admit that.
But the New York Times and other since news outlets to report.
We've been reporting a lot about this democratic attack on Bain Capital and Mitt Romney's time there.
How do you think this is playing out considering all the back and forth over.
The weekend well I'd say a couple of things basilica president said today -- that news comes it appears we've not heard the list of this is something that the Obama campaign probably felt it had truck as it goes rated and Romney's.
Claim to being the right man for the job.
It does appear though that the Romney campaign is being more much more Agile in responding to it and it was during the primary season when he was hit -- a -- by a couple of his rivals.
And today for example they responded to the new anti Bain -- if you will was a response -- at of their own.
That quoted several Democrat says defending basically Bain Capital so.
I'm not sure this is going very well from the Obama team so for but I think we're gonna have more -- thank.
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