Page 27 - Debt Clock News Today

Here is what it is put out by the obama administration and it is a way to educate kids about money and how to handle money. how to grow with money and basically how to be fiscally responsible. making some jokes about this because he finds the irony rich that, you know, obviously we have this massive debt problem and that the president he says has not reigned in spending so why would the president be giving your children financial advice when we have a 15 trillion-dollar debt clock thats ticking?...

5% down, why not make it 1%. which is what we did on the inside. but also, here, you know, buying a company, the principle is not that different. the structure -- the incentive, if the equity represents your risk, the structure of the tax code encourages you to put as little risk in as possible. >> and i should say when we have the tax reform discussion, interestingly enough, people will identify on the right and the left. i mean, in its framework for tax reform, the obama administration has ide...

Country. and the president is challenging that fallacy and that is a debate that should be engaged in. >> i do think the debate what kind of president you want and i think we have seen over the last couple of years a community organizer does not make a good president either. when you talk about the partisanship, look this president had huge majorities in the congress and in the senate for his first two years. there was no partisanship. there was no republican obstructionism. this president got w...

And it is the subject of this new book. >> so you dont think anything has changed that allowed this crash to happen in the fall of 2008? >> no, the problems are much worse. were much more deeply indebted now than we were then. all the problems have been exacerbated, what we have now is not a legitimate recovery. all weve done is borrowed the money and spent it. weve counting the spending as economic growth when its not. debt is growing faster than the g.d.p. and ultimately, well have to pay this...

If anything, at the time about the money. but again, legal experts say at this early phase, its like reading tea leaves, it may be the jury just doing its due diligence, in which case we could be here for a long time this week, gregg. gregg: you never know. jonathan serrie, live in greensboro, thank you. martha: well keep a close eye on it. in the meantime a political time bomb ticking in washington because youve got the debt clock clicking loudly, can you hear it at home? and whether taxes go u...

Mitt romney gave a speech about the debt and deficit. hes unveiled a debt clock, like the one midtown a few blocks from here. which is essentially meaningless, it gives a nominal value of the debt, not in relationship to gdp. john boehner also at the fiscal summit threatened another debt ceiling showndown. on the romney point, one of the things were discussing, were trying to understand whether republicans are making these debt and deficit arguments in good faith. and the reason theres reason to...

Least he --. >>gregg: congressman, what do you think? >> very smart move. all week at every public event the backdrop, it was the debt clock. and as pat said, it is tea party. and independent voters. they believe the economy is sick because of the national debt. >>gregg: they are playing, doug, sound bites of the president talking about i am reducing the debt, i promise i will reduce the debt and you have the debt clock. >> this is a good contrast. it gets to a central doubt that independent and...

Standoff. but something of a coordinated strategy by republicans. they think its in their political interest to make debt the center of the conversation in an election year and thats why mitt romney gave a big speech this week. attacking the presidents record on deficits, unveiling a gimm k gimmicky national debt clock that he trots out as campaign events. on the heels of that, the republican-controlled house passed the defense authorization bill. adding $8 billion more than last years budget an...

Politicians in my life or tried to. the only one who gave you decent bounce was w. at least he could talk to you. the other two you cant get ahold of. they are stars. i called romney pitched good idea that debt clock. like the birth clock outside hard rock cafe flipping along, he steps in for 30 second commercial and says hi, im mitt romney. >> bill: the clock is right next to him. he doesnt say anything, he looks at it. 25 second mark. i approve this ad. i dont approve of that good solid ad. >>...

Politicians in my life or tried to. the only one who gave you decent bounce was w. at least he could talk to you. the other two you cant get ahold of. they are stars. i called romney pitched good idea that debt clock. like the birth clock outside hard rock cafe flipping along, he steps in for 30 second commercial and says hi, im mitt romney. >> bill: the clock is right next to him. he doesnt say anything, he looks at it. 25 second mark. i approve this ad. i dont approve of that good solid ad. ...