Page 31 - Austerity Program News Today

Reauthorized the act only through 2016. of the sequester will be felt, so if i can ask you this, karen, and that will force them back to which side of eric cantors mouth should we believe? the table to get rid of these terms of his voting rights comments? >> well, you have to pay attention to both sides but you stupid -- i should say really probably should be skeptical also of both sides. thats the same kind of game asinine cuts. >> yes. julian, maybe there is some that the house of method in th...

George mason university and a colleague from harvard who said the main part of that austerity program was tax increases. that was the main part of this austerity, taking money out of the economy, with tax increases, and thats produced this recession. now thats mirrored over here. right now in america weve got a dead flat economy. very, very weak economy. in large part because of the tax increases weve put in on january the 1st and the likelihood of more tax increases to come from president obama...

Greece. just like spain, just like italy and portugal. >> were the united states of america, were not going to accept that kind of an austerity program and were not going down the tubes, weve got to fight back, we need congress to work together and the president to work with the congress. and all of this-- how can you work with a man who says they want to poison the air and water and how do you work with somebody like that. >> look, this is what happens-- the reality is. >> wait a minute, hold i...

You mentioned could be very youthful. some of the farm subsidies that are unjustified. id like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, and, of course, thats in line with what most economists believe. i think weve go...

Too big to failed but too big to be bailed out has to go through the same process. >> that country is spain. this is important that other troubles countries see that greece stays the course as they pursue their own austerity program. >> shannon: thank you. >> shannon: two bombers struck base in kabul today and intercepted by security but a vest exploded. the lone gunman from the massacre put to death today. the pakistani citizen was hanged in secrecy. he and nine other gunman staged a throw-day ...

Part of the leadership here. >> well congress should be taking up part of the leadership but, you know, you just heard from stan greenberg its a jumpball in the election, a jumpball in who will control power and basically what mr. cantor is doubling down on is the austerity program that they believe will lead to prosperity. they want to really savagely cut the budget and there are long term things we can do to bring the budget under control, control health care costs. but the austerity approach ...

Get a u.s.-backed bailout. >> were not going to send checks to europe. were not going to bail out the european banks. were going to be poised here to support our economy, but im very much in favor of the fundamental things one does to strengthen the economic footings of a nation. i certainly dont believe that we should expose our national balance sheet to the vagaries of whats going to be happening in europe. europe is capable of dealing with their banking crisis if they choose to do so. >> mitt...

An empty presidency, symbolic one or strong one as happened in the past. army wanted to make sure it could control the writing of the constitution to determine the powers. whoever wins on this election day. i think the army is going to stay in charge. it looks at the experience of turkey, the army stayed in charge for 80 years. i think that is how it sees its role. it wont go quietly. >> chris: turn to greece, which has its own elections on sunday. with growing concern around europe that majorit...

Martha: you do not prescribe to the notion that what is about to unravel in europe as we are seeing this morning -- i dont remember in my life people talking in terms of being real nervous about the future. but perhaps that is what takes us to this complete bottom, bottom of all of this and we start to really see some meaningful turn around? >> the only time we have overcome what ales us is when we do the very things that are extremely unpopular and cause riots. the academy award winning movie o...

Union agreeing to throw spain $125 billion. some have said this is clearly only a temporary fix and we new have seen how europes financial headaches has been rippled affecting across the planet. spain is a junior player in the overall economy and folks are hurting. the unemployment rate is the highest in europe showing nearly one out of four of the citizens is out of work. when out of the four! gerri, it is much higher, too, among young people, almost half. and we learn that greece wants to rene...