Page 15 - Debt Clock News Today

Say, we are going to sell this building so we can have it on somebody elses expenditure. what we have to do at the federal level is dig into the nuts and bolts of the spend side of this. at the same time, have you to get growth taking place, that means tax structure has to encourage growth. >> on the federal level, its so big, you know that, who is going to do this? is this up to the executive or up to congress? >> you have smart people. but have you to task them to do it and then have you to ge...

That unless congress gets together and works together and compromises on this -- >> all right, so you -- >> reporter: also today we heard from bob mcdonald, the republican governor, alex, from the state of virginia. he said the quester was intended as a hammer not as a policy. he said and here we are less than a week away. thats the way a lot of governors specifically view this issue. obviously the states will be hard hit by it, many of those governors expected to be here at the white house late...

The debt clock over $16 trillion. this country is in trouble. the money is gone. they are asking for more, but guess what? they have a president that is willing to give them more. he is already proposing a raise for all federal workers on top of the one they are going to get in march. >> eric: is there a spending cut that a union is willing to like? >> i dont think so. you got to give them credit for what they are. they are constituency. they are only interested in themselves. everybody who goes...

Jonathan, is big labor a big reason? well never fix our spending problem? >> eric, unions destroyed the fuel industry, automobile industry, the public education and literally theyre bankrupting government as well. theyre only growing in government. unions account for about 36% of government workers. only 6% in the private work force. i tell you, the nerve of richard trumka and the unions to demand jobs. where do they get off with that? we have more government workers now than we had citizens of ...

Theres a lot that can be done in taking away loopholes, dehe duckses on the wealthy, do away with the subsidies to the oil companies, the buffett role that anybody who makes more than a million dollars has to pay 30%. he said its not suspending problem, its a priorities problem. we have to get our priorities right. obviously her ideas of what should be cut and what shouldnt get increases are different from the republicans. >> the national debt clock, its going like this. >> eric: how do they get...

Day. >> i knew this. >> thats exciting. >> smells like syrup. >> from 7:00 a.m. to 10:00 p.m., you can grab a complementary short stack. in return for a free breakfast theyre asking for donations for the childrens miracle network. >> i love pancakes but they dont have a lot of value. >> except you can help kids now. >> can you get ones that are wheat? >> i guess. >> probably. >> ihop gives away how many pancakes? >> the last time i looked, 14 million. i dont know if thats gone up today. >> is th...

>> i disagree. >> let me ask you about something paul krugman said. he said people have been saying for years that the crash is coming, the crash is coming. ive been saying it since 1994, ive been talking about the need to balance the budget. we balanced the budget four years in a row in the 1990s. i know youve been talking about it as well. but, you know, last night i was having a discussion with a friend via e-mail. he said, joe, nobody cares about the debt. and you know, you get outside the p...

States. >> getting started here at the democratic national convention. one thing you immediately noticed from the elaborate setup here, the no debt clock. that was a major part of the republican convention in tampa. mr. trump, i will give you this. you come on and you talk to us, which is more than i can say a lot of your colleagues. give you great credit for that. >> have me on again. >> i. will i will. you have seen what we do. not shy or unable to get the big names. but a lot of the p.r. peop...

A fight on raising the nations borrowing limit as the debt clock spins faster and faster. shannon bream live in washington with a look at that shannon? >> reporter: jon, the treasury department says absent very quick action the u.s. in danger of defaulting on its financial obligations. that sets up a fight over the debt ceiling. the main point of leverage congressional republicans to as their chance to bargain over fiscal issues as we whoevered dangerously close to the fiscal cliff. remember pre...

Form. i think on a daily basis, we should be calling this president out and getting him to produce this list of cuts that he talked about. bill: you talked about in the media. we dont have a vote. youre a sitting member of the senate. frame it this way for me. >> okay. bill: you say we have a fundamental opportunity, you have an opportunity now to fundamentally change the way america works. >> we do. we do. bill: people have been talking that for years. you can go back to the beginning of this t...