Page 21 - Budget Problem News Today

What make the economy move. and if this budget problem eventually merges to the point where it begins to become very toxic, it will be reflected in rising long-term interest rates, rising mortgage rates, lower housing. at the moment there is no sign of that because the financial system is broke and you cannot have inflation if the financial system is not working. >> mayor bloomberg, let me talk about the tax cut debate gripping washington right now. political stupidity u.s. style is the headline...

You cant treat your grandchildren fairly when youre only bringing in less than 15% of gdp and youre spending over 20%. its almost criminal what the republican party is willing to steal from their grandchildren and our grandchildren. thats the problem, brian. just because its politically popular. >> lets go back to always spending. lets start by going back to a baseline thats defensible. lets take whats left of the stimulus and not spend it. lets take whats left of t.a.r.p. and not spend it. lets...

This country. >> interest rates, how long before they start coming up? do they need to stay low? >> well, the problem there implies that government has control over those rates. i mean, the federal reserve and the treasury department, in a sense. there is no doubt that the federal funds rate, that is the rate produced by the federal reserve, can be fixed at whatever the fed wants it to be, but what the government has no control over is long-term interest rates and long-term interest rates are wh...

The republican primaries, thus far, is that there is a lot of dissent, a lot of animosity, towards government in general, and that it is focused on republicans. but the most recent polls, particularly the gallup generic poll, jen kwrarbgs the one that says that right now most americans, given a choice, would prefer a republican in congress. and the presidents approval ratings is plummeting. so the idea that democrats would like to blame the current economy and the budget problem on the past admi...

Digital electronic license plate. for an old reason. they need money out there in california. the state has $19 billion of debt. state senator price joins us live from los angeles. thanks for joining us, sir. first, let me ask you the obvious. your state has an 11-digit debt and you are talking about making money with license plates? could you possibly make enough money to make a dent in that dent? >> not with the license plate alone. but if we started being creative and think outside of the box...

Digital electronic license plates. for an old reason -- they need money out there in california. the state is $19 billion in debt. state senator price joins us live from los angeles. thanks for joining us, sir. first let me ask you the obvious -- your state has an 11-digit debt and youre talking about making money with license plates. could you possibly make enough to put a dent in that debt? >> well, not with the license plates alone. but i think if we start being creative and think outside of ...

Heres the situation we face. over the long term, the real budget problem is that of growing government spending. spending cuts are going to have to be part of the solution and a big part, but theres no way we can close the budget gap that we face without also raising taxes. >> the political system is clearly broken in fixing this problem, but our political system is really a reflection of our own personal preferences as a society. we believe that we are entitled to ever-lasting prosperity with i...

Face. over the long term, the real budget problem is that of growing government spending. spending cuts are going to have to be part of the solution and a big part, but theres no way we can close the budget gap that we face without also raising taxes. >> the political system is clearly broken in fixing this problem, but our political system is really a reflection of our own personal preferences as a society. we believe that we are entitled to ever-lasting prosperity with increasingly large gover...

Danger. it did disrupt the flight, and it kept the passengers on the ground here for five to six hours before they were processed by the fbi. jane: alicia, thanks. jon: well, either tax hikes or big cuts to programs like medicare and social security. the federal, the fed chairman warning yesterday there are really only two ways to deal with the staggering national deficit, and americans will either have to pay one way or the other. >> unless we as a nation demonstrate a strong commitment to fisc...

Not good for people, it disrupts lives, it alters peoples state of mind, and tax it for the purposes of trying to solve a budget problem. it wont solve the budget problem and it sends a terrible message. we should not be putting a stamp of approval on something most people recognize is a very destructive and unhealthy thing to do. we are working in california schools today to make them healthier, to get soda drinks out, to get twinkies out and now were going to come right behind that and say hey...