Page 33 - Debt Clock News Today

Obamacare, is going to come from upside to businesses going forward, not having to spend money on healthcare. some very, very aggressive assumptions being made on the presidents part. frankly on the liberals in washingtons part as well. the other one was $400 billion in spending cuts to defense. again, very, very costly time. maybe scary time to be cutting defense spending. then the fourth one. the one that we all can figure out is how $38.5 billion times 12 becomes $750 billion. maybe the presi...

Incident. also at the airport in raleigh, north carolina, a dell ta ta airlines flight made an emergency landing. it had been flying from jfk to ft. lauderdale, florida, when crew members reported an odd smell believed to be due to an electrical problem. that plane landed safely. and none of the 99 people on board was hurt. and now to washington and that looming showdown over trillions of dollars in cutbacks, all in an effort to reduce the federal red ink, which you can see right there, clim...

Other expenditures. >> reporter: how about raising taxes. >> were out of work right now. no more taxes. >> reporter: we do raise taxes. does it matter where theyre raised? is there a group that should bare the burden, do you think? >> if we put the tax too much on the rich they will leave. if they leave, then we just did damage to ourselves. >> reporter: shared pain? >> shared pain, unfortunately. >> reporter: the debt clock continues to tick higher as americans struggle to solve their budget cr...

In philadelphia, the liberty bell. in atlanta, martin luther king home. in springfield, illinois, abraham lincolns home. in san diego, the historic national monument. nationwide, many federal workers who deal with claims and applications by the public were also going home. in chicago, from this social security office, the people who operate the national debt clock in new york stopped it as a symbol of what has happened. in many areas, the federal government is at a standstill. john martin, abc n...

Spending, tax reform, and the whole range of issues related to managing the economy into a balanced budget, progrowth plan is ridiculous. thats what the american people want. thats what theyll support. and the absence of it means that we have pointless political arguments that go nowhere and produce economic results. bill: your point is why debate this stuff if youre not going to include that. i tell you, what mary katharine points out is very true, if you do not do something today, that $14 tri...

It is time to get real about the new obama budget blueprint and the failure by either party to make the tough et choices to cut spending. the white house brags that its new 2012 budget would shrink deficits every year over the next ten years reducing them by over $1.4 trillion but under the presidents plan the federal government would still spend money dreads of billions of dollars more than it takes in every year over that ten-year period, and the country would sink trillions of dollars deeper ...

Cars have to go to certain lots here on lakeshore drive. back to you. >> thank you so much. flight cancellations are piling up under the onslaught of ice and snow crippling airports across the country. 5300 flights plus have been canceled just today with more coming. and there have been about 13,000 total cancellations this week. it will take days for these airlines to get back to normal. richard lui is toing the travel troubles for so many. >> watching the cancellations is like watching the nat...

By democrats and obviously the president has the power of the veto pen and the house republicans dont control everything and know that as well. so, i think if you reveal -- if he reveals too much maybe the negotiating is -- a little bit of negotiating power away and is probably part of the strategy but you are right. there is not a lot of time to waste here. we have got -- do have to deal with the debt ceiling, that is not far away, and we do need to talk about this new budget and need to talk a...

Of control. >> i immediately called 911, and within 30 to 40 minutes the fire department was telling everyone to get out. thats how quickly the fire spread. >> we have 150 homes that are still in immediate threat. wind conditions is one key factor but also the brush out there, its really thick, sparse, due to the rains that weve had, a lot of dry weather its really made it thick. so with this wind also providing the fuel it just pushed it really good. patti ann: the cause of the fire is under in...

The reasons nancy pelosi serpbd argued that was one of the reasons to extend jobless benefits, because she thinks it keeps money flowing into the u.s. economy. why would they want to add to the debt when they still have lots of money that still hasnt been earmarked for anything? >> i cant answer that directly but i can say that speaker pelosi -- speaker pelosi, president obama and senator reid thinks spend more money, thats the best way to create jobs, spend more money, extend jobless benefits, ...