. >> and that's whye ran in june anjuly, we ran surpluses actually. we're bringing down our deficits, and as a percentage of gdp spending is at almost a record low of 15% of gdp. so we've been bringing spending down. but to john's pot, with regard to the credit card analogy, one thing a family knows is that if they don't pay the credit card bill that they used to spend money, then they lose that credit card or they get a lower credit rating. and congress authorized the spending that's going on. and we need for the full fai and credit of the united states to remain intact and to kee boowing costs low, we need to pay our bills. and the raising of the debt ceiling does not add a dime to deficit spending it onlyuthorizes what has already been gned into law by bills in congress appropriating those funds. >> well, but if we have raised the debt ceiling 100 times, as the president says, isn't that just proof, john, thate are spenng more money? >> good lord, yes. yes. you're giving these guys license. toay they spend like drunk sailors is an insult to drunk s