Page 2 - Budget Deficit Problem News Today

Morgan stanley broker. now thats obviously a con. massive government spend something out of control, period. heres the proof. 2002, the year after 9/11 when the federal government was forced to dramatically increase spending to protect us, the yearly outlay was just over $2 trillion. it were 2012 yearly outl.a. $3.5 trillion. up 76%. every honest american knows the feds are spending far too much. the country may go into bankruptcy if the restraints are not imposed. left wing idealogues will not,...

Now thats obviously a con. massive government spend something out of control, period. heres the proof. 2002, the year after 9/11 when the federal government was forced to dramatically increase spending to protect us, the yearly outlay was just over $2 trillion. it were 2012 yearly outl.a. $3.5 trillion. up 76%. every honest american knows the feds are spending far too much. the country may go into bankruptcy if the restraints are not imposed. left wing idealogues will not, will not admit that. >...

And weve spent 5, 5 trillion dollars. i know its impossible to conceptualize, but understand, folks, weve got a 16 plus trillion dollar national debt now. this president has no answer to anything. >> megyn: they say look, we got involved in two wars under president bush that we had to fund and pay for. under president obama they say he inherited a bad economy which he did and stop gap measures to help the unemployed and folks who are on welfare suddenly and so on and accounts for some of that mo...

Down. how long? >> not quite eight years. >> yeah, may of 2005 is when it started. >> a seven-year reign. >> and it ends on february 28th, according to well be following this. to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is g...

Focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, youre not going to reduce the deficit. so...

You raise the taxes $650 billion right away. >> yeah. and that was a very good thing to do on people making over the high end in our population. so here is the thing, though. we are here to have a budget that has revenue coming in that has investments made into the future. we also want to make decisions in those two areas where growth with jobs are created because more are jobs more revenue coming in. nothing brings more money to the treasury of the united states than investment in education of ...

You raise the taxes $650 billion right away. >> yeah. and that was a very good thing to do on people making over the high end in our population. so here is the thing, though. we are here to have a budget that has revenue coming in that has investments made into the future. we also want to make decisions in those two areas where growth with jobs are created because more are jobs more revenue coming in. nothing brings more money to the treasury of the united states than investment in education of ...

Its the current budget deal that forces us over the cliff january 2nd is going to cause a recession and all sorts of economic calamity in the united states. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what were really concerned about is youre not cutting the budget enough. right now moodys is saying oh, my gosh, youre going to be cutting the budget too much, youre going to be raising the taxes too mu...

Problem. we can borrow from international markets right now at the cheapest rates weve been able to borrow. thats not a budget deficit problem. >> the tax component of going off the cliff is the one thats the most difficult to solve. the spending cuts wouldnt be that hard to solve if they got together on that. but ana mar re, the news polls show that 50% now say they trust president obama on handling taxes. 43% say they trust mitt romney on handling taxes. the president seems to be winning this ...

States. in other words, the credit rating agencies are actually on the other side of the fence from the fence they were on a year ago when they said what were really concerned about is youre not cutting the budget enough. right now moodys is saying oh, my gosh, youre going to be cutting the budget too much, youre going to be raising the taxes too much. what everybody has got to real yiesz is take a deep breath and understand what we want at the end is a budget deal that is not a republican deal ...