. >> stephanie clark mons asks. i understand the debt crisis has been raised before many times? why does is seem to be coming to a head? what is different? >> in past times they had restraint on spending or reform they wanted to attach to it so it is not unreasonable to ask for reform. but the size of this debt ceiling increase is larger than we have seen before. spending increase has been so dramatic over the last three years. is what is shocking to the system. >> and used to be that congress had to approve every treasury bond and they said now we are borrowing so much and we can't do that and they started setting these limits. pundits and politicians say it will be a disaster if congress doesn't vote to raise the debt ceiling. here is the president. >> we would risk sparking a deep economic crisis. >> why is he so concern? people forget that is similar crisis happened in 1995. remember that one? president clinton and the republican congress couldn't agree on a budget so government shut down twice. the second time for three weeks. almost a million government workers were told d

. >> stephanie clark mons asks. i understand the debt crisis has been raised before many times?m to be coming to a head? what is different? >> in past times they had restraint on spending or reform they wanted to attach to it so it is not unreasonable to ask for reform. but the size of this debt ceiling increase is larger than we have seen before. spending increase has been so dramatic over the last three years. is what is shocking to the system. >> and used to be that congress had to approve every treasury bond and they said now we are borrowing so much and we can't do that and they started setting these limits. pundits and politicians say it will be a disaster if congress doesn't vote to raise the debt ceiling. here is the president. >> we would risk sparking a deep economic crisis. >> why is he so concern? people forget that is similar crisis happened in 1995. remember that one? president clinton and the republican congress couldn't agree on a budget so government shut down twice. the second time for three weeks. almost a million government workers were told don't come to wor

. >> stephanie clark mons asks. i understand the debt crisis has been raised before many times?hy does is seem to be coming to a head? what is different? >> in past times they had restraint on spending or reform they wanted to attach to it so it is not unreasonable to ask for reform. but the size of this debt ceiling increase is larger than we have seen before. spending increase has been so dramatic over the last three years. is what is shocking to the system. >> and used to be that congress had to approve every treasury bond and they said now we are borrowing so much and we can't do that and they started setting these limits. pundits and politicians say it will be a disaster if congress doesn't vote to raise the debt ceiling. here is the president. >> we would risk sparking a deep economic crisis. >> why is he so concern? people forget that is similar crisis happened in 1995. remember that one? president clinton and the republican congress couldn't agree on a budget so government shut down twice. the second time for three weeks. almost a million government workers were told don

. >> stephanie clark asks i understand the debt cristles has been raised before. many, many times.to be coming to a head this time? what's differential? >> in past times when she have raised it, they have had some restraint on spending or some reform that they wanted to attach to it. so it's not unreasonable to ask for reform attached to debt ceiling increase. the size of this debt ceiling increase is larger than we have seen before. the repeatedly, this is coming so soon because spending increase has been so dramatic over the next three years. that's what is shocking to the system. >> john: would youwould youuseds had to approve every treasury bond. now we are borrowing so much we can't do that. they started setting these limits. >> pundits and politicians say it will be a disaster if congress doesn't vote to raise the debt ceiling. here is the president. >> we would risk sparking a deep economic cristles. >> he seems so certain. people forget that a similar crisis happened in the 1995. remember that one? president clinton and the republican congressman couldn't agree on a budget