--ou pegged bruary 15. >> it could be disastrs.fficials from state and local government reminng congress that t there is a huge spillover effect. right now, they are still negotiating. there's still trapped in negotiating cuts in the long- term deficit. -- they're still trying to negotiate cuts in the long term deficit. >> the republicans have been criticizeded for discussing financing, spending we have already done. that is not really true. the debt we have pays for the money that has already spent. increasing the debt cling thisould tie how much money we're going to spend. it would takee away a big talking point of the president and force -- how mumuch more debt do we want toto take on? what doeshat mean innerms of the entitlements? itas shifted in terms of the debabate. i do see what they are up to. >> democratats have said, no strings attached. the president said, no negotiations. per has writn about the fact th we are playing w with credit dowowngrade in any way. yohave to tackle the speing cucuts. you talk a lot to business l

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