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Jon: Can we just print money?
Nancy: Oh they do.
Jon: Literally just...
Nancy: [interrupting]No, the fed does.
Jon: they just keep printing it...
Nancy: That's one of the issues that we have with the fed... when they gave the money to AIG we said we didn't know you had 80 billion dollars, we have 800 billion dollars.
Jon: Cause it's not based on gold anymore, we can really do what we want, no one has to know. Who's gonna be mad? The Chinese? They already have us.
Nancy: They[the Chinese] do hold a substantial amount of treasury notes, no question about that but, I don't think they're up for negotiating the terms of that.
Jon: So you don't feel like, because you have such a good majority in the house, you don't feel like the Pelosi, Ried, Obama trifecta will run roughshod over American's liberties and bankrupt our nation, enslaving our children to a history of debt and thus bringing a tyrannical fascist rule to the people, that in your mind is not what you're discussing privately?
Nancy: [Laughs] No it isn't, what we're discussing privately and publicly is a budget which is a blueprint for the future, which creates jobs, which educates our children, which provides health care for all Americans, which takes our deficit down, which gives a tax cut for 95% of the American people.
Jon: It sounds incredibly realistic.