elahe izadi, staff correspondent at the national journal, and rick newman, finance columnist at yahoo! and author of "rebounders: how winners pivot from setback to success." nice to have you all at the table. rick, i want to start with you. that same poll i just quoted is i think a fascinating poll result. they ask whether or not americans wanted to just fire everyone in congress and replace them with new folks. 60% of americans said, yep, that sounds like a good deal. does that mean the zombies have won, if people are at this point just disgusted with government overall, does that mean republicans, no matter what happens on debt ceiling, have won? >> there is a tactic if you make the entire government look terrible, it will create more momentum to shrink the government and that's what some of these young turks are after. i think it's back firing, because what happens when the government shuts down is we start to realize what the government doesn't do and we say, wait a minute, we want the government to do these things. we want it to go out and patrol, you know, food-borne illness. it

we're lucky to have rick newman with us. a great columnist for yahoo. >> what is the debt limit? >> if the u.s. government cannot pay interest on the debt, those are treasury bonds. if it says, we give with the full faith and credit of the bonds when you bought them, we can't make your interest payments, maybe we can't make your principal payments, that would be default, and that's the nuclear holocaust scenario warren buffett is talking about. >> these are the bills we owe and we will not have the money to pay these after october 17th. is warren buffett right? >> he's right, and here's why he's right. treasure securities are the underpinning of the entire world's financial system. they're trillions and trillions of dollars of these things out there, pension funds hold them. these are widow and orphan types investments. if suddenly the u.s. government is not making payments on the bonds, even for a short period of time, everything changes about the world's financial market. it will trigger things that have to go into place. it would be more than we can all imagine or lay out in a