Page 16 - Debt Clock News Today

They decided they were going to extend the bush tax cuts for two more years, extend unemployment benefits. they had no offsets, they had no cuts. so in the same week simpson-bowles came out talking about saving $4 trillion, $5 trillion over the next decade, you had congress coming back in a lame-duck session, adding an additional $1 trillion in a week. >> absolutely. and both sides went along with it. >> all right. dr. sachs, thanks. you all right there? joe, thank you. go back to work. im sorry...

Texting us your happy new years message. it is simple. type the letter u text, one word, leave a space, type a brief message send it to 36288. utext, your message and to 36288. watch for your message on new years eve with megyn and bill. sound like fun. america is on the verge again of the debt clock. it is rising. the milestone could be reached in days. what emergency plans may be put into effect? patti ann: are you looking for a job right now? who is recruiting american workers hard with pro...

Milk prices suggest, it tells you evening that you need the know about the way government is operating op a federal level today. >> he used to milk his cows by hand. >> with my feet, right? >> is there not crop insurance or milk insurance that farmers could buy on private market to set the problem? >> i think if we went over the milk cliff it would be a good idea. people actually saw the milk price double. it would be less abstract than watching a debt clock. they would finally understand we hav...

Democrat in the history of the republic. and the bush tax rates will be replaced by the obama tax rates. so he knows hes in a better position than they are. the question is as the clock ticks down and markets become anxious and capital becomes scarce and people are worried about whats going to happen out there, that the president has to think as much as hed be better off then -- and, certainly, senator barrasso makes a good point about that -- the presidents going to have some gut-check moments ...

On fox newschannel. it airs after americas news headquarters. the national debt clock keeps ticking. america is swimming in a sea of red ink. when you break it down, just how much are you responsible for? that debt? we will give you the bottom line and coming home for christmas. after four months in one of mexicos most notorious prisons, the marine vet is on his way home, and his mother is speaking out for the first time. >> the first thing he said to me actually is "i need a shower." that was...

Has a look at part two in our series "the cost of spending." >> the national debt clock spinning faster every year. we have all seen it before. >> do you see that clock up there? $16 trillion in debt. >> used as a prop at campaign events. >> when this campaign began it was a heck of a lot less than that. >> you can walk by the main debt clock in new york city, west 44th street and avenue of the americas. but when you really stop and look at it for awhile maybe even stair at it, frankly it is sca...

Go back to the national debt clock. remember, we were staring at it it early in series. the debt to gdp or gross domestic product ratio is at 102%. the highest since just after world war ii. that is with extremely and historically low interest rates. even at these rates, that interest will cost the u.s. more and more every year. $222 billion in interest payments on the debt this year. $570 billion by 2022. at current rates. >> this stuff is no joke. we have a big interest to keep the interest pa...

For every dollar they brought in, it spent $200.06. it runs a deficit. deficit is a one-year shortfall that has to be made up by borrowing. the national debt total accumulated debt is the sum of all the annual deficits. less any surplus. its the running count. we hear politicians talk about deficits and the debt all the time. >> the debt. >> deficit. >> debt. >> deficit. >> bret: how to get politicians to come to some agreement to get the debt clock slow down or tick back the other way continues...

There? $16 trillion of debt. >> used as prop at campaign events. >> when the come pain began it was less than that. >> you can walk by the main debt clock in new york city. west 44th street and avenue of the americas. but when you really stop and look at it for a while, maybe even stare at it, frankly, its scary. as of today, every household in the united states owes $140,000 of debt. every single household. the u.s. borrowed roughly $6 billion every day. the country is borrowing $239 billion ea...

Incidentally, democrats really feel as though they have the political upper hand here. i think most people would agree they do. they want to strike now while the iron is hot. alex? >> okay. thank you very much from the white house. what would happen if we actually went over the fiscal cliff? joining me with answers now "washington post" economics columnist neil irwin. so all this talk of capping tax deductions and raising taxes on the wealthy, how much might any of this actually help the natio...