sponsored by comedy central captioned by media access group at wgbh access.wgbh.org charlie: hello, charlie kellyking too much noise all the time? is your cat constantly stomping around, driving you crazy?! (crashing, lion roaring sounds) is your cat clawing at your furnitures? (growling) think there's no answer? you're so stupid! there is! kitten mittens. finally, there's an elegant comfortable mitten for cats. (cat yowls) i couldn't hear anything. is your cat one-legged? is your cat fat, skinny, or an in-between? that doesn't matter 'cause one size fits all.

kelly when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> let me start off by just saying, we had a terrible problem forecasting, because when we look out into the future, it is incredibly foggy and i want to try to indicate what it is and why that is the problem. >> rose: alan greenspan is here. he was chairman of the federal reserve from 1987 to 2006. he has spent a lifetime studying the complexity of the u.s. and global economy. the financial crises of 2008 took nearly everyone by surprise, leading economists and the brightest minds on wall street were forced to rethink fundmental functions, the map and the territory, risk, human nature and the future of forecasting is a guide to measuring economic vacialsz -- variables one thought to be immeasurable. i'm glad to have alan greenspan back at this table. welcome. how do we decide on the map and the territory. >> it's a little abstract and that's what it's supposed to be. the map is supposed to be the conceptual framework what we're doing with and the territory is reality. and economists

kelly when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> let me start off by just saying, we had a terrible problem forecasting, because when we look out into the future, it is incredibly foggy and i want to try to indicate what it is and why that is the problem. >> rose: alan greenspan is here. he was chairman of the federal reserve from 1987 to 2006. he has spent a lifetime studying the complexity of the u.s. and global economy. the financial crises of 2008 took nearly everyone by surprise, leading economists and the brightest minds on wall street were forced to rethink fundmental functions, the map and the territory, risk, human nature and the future of forecasting is a guide to measuring economic vacialsz -- variables one thought to be immeasurable. i'm glad to have alan greenspan back at this table. welcome. how do we decide on the map and the territory. >> it's a little abstract and that's what it's supposed to be. the map is supposed to be the conceptual framework what we're doing with and the territory is reality. and economists

kelly's word for it. you can see there he's speaking on the floor. let's bring in representative charlie rangel.tor chuck schumer saying that it's now up to the senate. you as a member of the house, do you agree with that? is the ball completely in their court? are you going to get it back to your court? >> there's no question in my mind that the solution of this is going to be in the senate. hopefully speaker boehner may find some face-saving device in being able to say that he's given into the extremes of this party over and over and over. as a republican, as a member of congress, but more importantly as a patriot, he cannot see the debt ceiling not being increased and he's not going to be the person responsible for the default. >> okay. >> and you can bet your life that you can forget about the default. the rich and the powerful have already alerted the house republicans and the senate republicans that they can do what they want with the affordable care act. they can do what they want with the continue resolution. but don't mess with that debt ceiling and their treasures and that's that. >> s

charlie, thank you for having us on this morning. >>> outrage over nearly 12 hours of delays on an airlines. they faced a day of frustrations at oakland's airport. mark kelly of our san francisco station wpix looks at what went wrong. >> reporter: allegiant air's twice weekly flight from oakland to provo, utah is usually a quick 90 minute but at 9:30 monday morning, shortly after flight 1032 pushed back from the gate a cable controlling the front landing gear snapped. >> allegiant 1032 are you just going to push back into the gate? >> yes, ma'am. >> reporter: passengers deplaned and were told a second aircraft was coming from las vegas. departure time 3:00 p.m. plane number two arrived but also had a mechanical problem. passengers were told plane number three should arrive from arizona sometime after 6:00. on board the third plane, there was this -- >> we had to return back to the gate for some more fuel, and we'll probably be pushing off the dwaet in another 30, 35 minutes now. >> reporter: by then passengers had lost all patience. >> imprisoned by allegiant airlines. >> so fed up with this airport. >> it's cruel and unusual. >> reporter: just before 9:00

charlie thank you for having us on this morning. >>> passengers outraiding over nearly 12 hours of delay on allegiant airlines. they faced a day of frustrations at oakland's airport. mark kellyt the station kpix looks at what went wrong. >> reporter: allegiant air's twice weekly flight from okdland to provo, utah is usually a quick 90 minutes. but at 9:30 on monday morning, shortly after flight 32 pushed back from the gate, a cable controlling the front landing gear snapped. >> flight 32 you pushed back into the gate? >> yes, ma'am. >> reporter: passengers were told a second airplane coming from las vegas. departure time, 3:00 p.m. plane number 2 arrived but had a problem. plane number 3 arrived sometime after 6:00. on board the third plane there was this -- >> we had to return back to the gate for some more fuel. and we'll probably be pushing back the gate 30, 35 minutes now. >> reporter: by then passengers had lost all patience. >> i've been imprisoned by allegiant airlines. >> i'm fed up. >> reporter: just before 9:00 p.m. flight 1032 finally took off, arriving in utah at 10:22, almost 13 hours after it was scheduled to leave. allegiant issued a statement saying in part e