that is the special house elections on the 24th of may in new york for the seat held by jack kemp, bill paxon, and chris lee, mr. shirtless, most recently. republican district for 45 years, and democrats are leading right now. if they win, they will lock in the position that you cannot touch as single gray hair -- >> what happens if they don't raise the debt ceiling? i heard austin goolsbee the other day said that if the nation defaults, we will be talking about it for the next 100 years. is that something to look forward to? >> they are not going to have a default. there is going to be an agreement. you could have a shorter extension for a month or two. there are ways you can manipulate the bodies. interest on the debt is 6% of the budget. 90% is out there that you can use to pay interest on the debt. it is not going to happen at midnight. you are not going to turn into a pumpkin. it is a long process. >> it is a little window for congress and the president to get serious about the deficit this summer. >> the trouble is they're cast of the tax increases as well as spending cuts -- there have