jonathan bydlak is our guest from the r street institute. 202-748-8000 is the line for democrats. republicans, 202-748-8001. independents, 202-748-8002. i want to read a headline from "the hill." nancy pelosi rules out raising the debt limit who we conciliation, saying the democrats will not use it to raise the federal debt ceiling. raising doubts over whether congress can find a way to avert an economic disaster. jonathan bydlak, as republicans are having the democrats do this debt ceiling raise all by themselves, this is something we have not seen before, correct? guest: the argument is that the democrats have a majority in the house, and a majority in the senate, so to a degree they can raise the debt limit, and they should be able to do so based on the votes they have. that argument is a little facetious, because it does not address the new spending being proposed by the administration, being opposed by the republicans. historically, as i said in my piece you referenced, we have always raised the debt limits. so there is a level of confidence on both sides that they can play t