Page 21 - Debt Ceiling Issue News Today

Last week, but it sure had a mellowing effect on their members. maybe there were deep breathing exercises, soft jazz music. something happened. either way, we welcomed the outcome of their retreat. the bill represents a huge change on the debt ceiling issue, and hands the president his second major win in a month. and it shows that the republicans are in full-on retreat on fiscal policy. >> joining me now, msnbcs ezra klein, ezra, i didnt see this one coming, did you? >> im going to say i actual...

About the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasnt real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess its -- >> it was more -- you know that those past votes were more symbolic, but w...

What we are dealing with now when you add in -- >> not everybody believes the stimulus. had an economic impact. >> a little bit. bottom line is they had to borrow the money to do that and with the interest it adds up to a trillion. presidents health care laws, new spending. yeah. hay has been part -- he has been in washington the last four years. last time i checked, even -- you know, daughters dont want to play cards with him. hes there. we have time. lets sit down and figure this out and not h...

This congress? i dont know. but whats uppermost in my mind making sure that im honest with the american people and with members about of congress about what i think will work, what i think is something that will make a difference and, to repeat what i have said earlier, if there is a step we can take that will save even one child from what happened in newtown, we should take that step. >> [inaudible]. >> ill present the details later in the week. chuck todd, nbc. >> thank you, sir. as you know s...

Deal. and i think he might, might have had significantly more leverage to deal with the debt ceiling issue then trying that. he didnt test it. just skeptical about how much hell test it now in the face of a debt ceiling. i hope im wrong. im skeptical. >> the other big story this afternoon, vice president biden makes the formal recommendations to the president on gun control. what will it take to get meaningful action if thats possible? military man and gun control advocate joe sustek brings his ...

Iran, iraq, israel. he, as colin powell said, can defend himself very well and he has been talking to as many as 30 senators in advance of the hearings that he hopes are going to take place fairly quickly once the senate comes back. but thats after the inauguration. and meanwhile, the opposition could build. >> andrea, im going to let you go here in just a second, but do you want to give us a quick preview of what you have coming up at 1:00 on "andrea mitchell reports"? >> were waiting as you ar...

Makes sense. will all of them get had through this congress? i dont know. whats upper most in my mind is making sure that im honest with the american people and with members of congress about what i think will work. what i think is something that will make a difference and to repeat what i have said earlier. if there is a step we can take that will safe even one child from what happened in newtown, we should take that step. >> ill present the details later in the week. chuck todd, nbc. >> as you...

Your job to give folks financial advice. so give the country some financial advice. if john boehner were to call you, barak obama were to call you, our elected leaders in washington said ed, what should we do about this, what do you tell them? >> we have to have a long-term plan to cut our spending. investors need to get out of all their fixed income tax investors because when interest rates rise, it hurts them. i would tell all of the people who would call me, be very careful about fixed income...

Should gear up and be prepared for the brink of a government shutdown, being pushed to the edge once again? and if youre saying that wall street is causing this, arent you guys sending wall street the message of the fact that the government is going to be shut down, the debt ceiling issue is going to be a problem, were not going to pay our bills and were going to potentially have more damage to our credit rating? no. thats not my point. absurd that any republican or anybody united states absolut...

So its clear he wants to increase spending hes willing to give a nod to a cut here and there but wants more spending and more taxes that. is what he said again and again. we have to raise revenues, close loopholes so hes going get a seconds shot at raising taxes. that, i think is his objective. he repeated this idea im not going to debate. speaking about raising the debt ceiling. i think that is a bluff he cannot keep. hes going to put the economy in jeopardy. last time we had a debt ceiling iss...