READ about Piers Morgan's long career in journalism here.
With the government shutdown handicapping that nation, and the debt ceiling deadline rapidly approaching, on Wednesday evening "Piers Morgan Live" asked Robert Reich and Larry Kudlow to offer their vast insight and perspective.
"On average, the USA takes in, the government, takes in about $240 billion. That's a monthly average. And the interest expense we pay on our debt is about 35 billion. 240 versus 35, it's not even close," detailed the conservative economist and host of CNBC's "The Kudlow Report." "That's going to be the first priority, is to keep our full faith in credit going, like any sensible country would. What President Obama's done here, I think is very duplicitous. He's been attacking the economy, and saying we're all going to go down the tubes for his own political gain. There is no danger of a threat to our treasuries. Really, that's just an awful trumped up charge."
First qualifying his relationship with Kudlow, Reich then quickly proceeded to discount his sentiments:
"If I may disagree with my good friend Larry Kudlow," began the political economist and commentator. "You're absolutely wrong on this, Larry. First of all, there is a danger of default and the markets are beginning to reflect that danger. Interest rates are beginning to spike. Not only that, but we have seen the stock market, since mid-September, when the Republicans started to talk about a shutdown, the stock market also has lost ground."
Watch the clip to here Kudlow's response, which included the charge that "Robert is trying to scare people."