Page 26 - Debt Clock News Today

Million in july. brought in just over $49 million. meantime, the romney campaign spent $33 million, however, brought in more than $40 million. the third straight month that romney outearned the president. in tampa, the republican national chairman unveiled the stage on which his party will nominate the romney/ryan ticket next week. it features 13 video screens. off to one side a running tally on the national debt clock. the convention starts monday. and in san jose, california, closing arg...

It means we are not going to spend that much more than we used to take than we take in. when we say cuts it means cuts in increased spending. i will take my restaurant spending from $1,000 a month to $1500 a month, and then no, we are going to $1200. it is to the really cutting, people. it is out of control. >> so do you think this debt -- you think it is res son nateing? >> it is. people are starting to go, this is enough. look at that of the it is approaching the 16 number there. it has to sto...

Moving forward now, take a look, at the debt clock. there it is, almost 16 trillion. we have added 5.2 trillion to the debt. so my question is, by his own standard, and timetable, has the president failed? >> $5 trillion to go nowhere? i think that answers the question in of itself. if you take the labor force participation rate of four years ago, that unemployment rate would probably be in double digits, around 11%. eight years ago, labor participation rate would be 13%. so were like a car on t...

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>> remember that show? the bottom line is this. it is deep and going deeper. at the rate of more than $1 trillion a year, $100 billion a month, and nearly $4 billion a day. the numbers are going by so fast on the debt clock. you dont need to look long to know what we have all piled on our collective visa bill, and it is rapidly busting our bank and our country. you get the picture? it is not a pretty picture. oddly for the one guy who wants to slow the numbers down, critics are not remotely lett...

Unleashing the economic growth america needs. well talk about that in one minute you brought a sign with you dave walker. www.10 million a minute.com. its not the debt clock. if you add the total liabilities and unfunded promises for social security when we roll the tour, 70, 410, 400, 000, 000. the u.s. in the hole $70 trillion. the debt clock doesnt take it all in, the unfunded social security mandate, unfunded medicare mandate. >> it doesnt take it unfunded pensions, retiree health care for c...

Stuff. keisha, thank you. >> thank you. >> in the meantime, have you ever looked at our debt clock? whose going to pay? the teenager afraid he and his friends are and hes ticked. hes next. this is candace in bag rah, afghanistan, a shout out to my mom, dad and brother in little rock. i hope you have a happy 4th of july. love you. ♪ [ male announcer ] this is our beach. ♪ this is our pool. ♪ our fireworks. ♪ and our slip and slide. you have your idea of summer fun, and we have ours. now d...

Their towns, you know, said that would be -- a deal is a deal. but youve got some stats on how much various people across the country owe per person which is pretty astounding. >> ok. if you take the very, very big picture, the state pension funds are underfunded to the tune of $4 trillion. if you zero in on the city of chicago, every man, woman and child in that city owes just for the pensions in chicago $9,000 each. thats it. and if you extrapolate out to the whole state, every single man, wom...

The disadvantage of the poor. is that problematic for them? >> well, look, i mean it depends on whose analysis. it depends on how they are actually analyzing that, and frankly a lot of times you can get that kind of analysis out of any republicans tax proposal plan, youll have that complaint. i think the argument, or the challenge for mitt romney is to make a case that he is for economic growth, that he wants to reduce tax rates, marginal tax rates, that he wants to broaden the tax base, and tha...

Economy is going over an january 1st. one is the spending cuts which i actually think will help the economy. you showed the debt clock. my gosh, we have $15.5 trillion national debt. we have it start bringing the deficit down. the other one is the tax rate increases. i think, gregg, those are the bigger problem for the economy because i dont think the economy can take the blow of higher capital gains, higher dividend, higher investment taxes next year. >> i think it is $55 billion in defense spe...