Page 2 - 458 Billion News Today

You are the voters. dont sit there. what do you do? >> in bushs last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> its really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m he...

Dont sit there. what do you do? >> in bushs last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> its really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m herman cain would love...

rupert murdoch under fire in britain and in the united states. two separate u.s. agencies calling for investigations into rupert murdoch. have you heard this story? an 8-year-old boy kidnapped, murdered, then mutilated. now new york place are scouring a stream of surveillance video for answers. more on that. first, i want to begin with this. lets just plunge right into the debt negotiations at this hour. daily talks at the white house resume in one hour, and by all accounts, they a...

Ceiling is $3.7 trillion. deficit $1.1 trillion. many economists saying that is far too high. also rather embarrassing that the presidents own debt commission says he is not doing nearly enough to solve the financial crisis in america. tonight talking points hits a very simple strategy. the u.s. government must go back to 2008 and spend the same amount of money that it did before the recession hit. the budget in 2008 of the $2.9 trillion. $2.9 trillion. almost a trillion dollars less than the 20...

Far too high. there t. is also rather embarrassing that the presidents own debt commission says he not doing nearly enough to solve the debt crisis. a very simple strategy. the u.s. government must go back to 2008. it must spend the same amount of money that it did before the recession hit. the budget in 2008 was 2.2 -- 2.9 trillion. almost a trillion dollars less than the 2012 proposal. the deficit in 2008 was 458 billion. 60% lower than projected deficit in 12. so let lets go back to 20088. th...

Deficit in a year. >> george w. bush? >> no. his last year was $458 billion. >> when president obama took office in 2008 after eight years of shaky economic policies under george w. bush we got an economy in freefall . >> five years later? hes had five years to fix it. five years. >> we were losing jobs at a rate of 750,000 a month. >> all right, berkeley. come on. >> this is the worst economic crisis since the great depression. of course it will take longer than five years. we have come a long ...

Never seen that before. now look at the other side of the fence. how about deficits. under the presidents budget plan, the deficit will always be double what it was in the last year of the bush presidency. in other words, pre-obama, the high for the deficit was $458 billion. under obama for eight years and beyond, it will always be double that number. >>brian: heres what we do have, record revenue coming into this country, with the tax increase and the economy getting on track. the president doe...

Dont sit there. what do you do? >> in bushs last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> its really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m herman cain would love...

Dont sit there. what do you do? >> in bushs last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> its really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m herman cain would love...

>> neil: thank you very much. phil flynn at the chicago mercantile exchange keeping a close eye on anything futures, particularly oil. can stocks continue to climb? we are all worried as they have been climbing and raising a lot of worries. my next guest, joe grano, one of the ledge ends of the street. i know we have seen wolfs climb before but reality catches up. is the market past it? >> it is time for caution. within 15% of the all-time high. october 2007. we are within 15%. take a look at th...