Page 2 - Debt Control News Today

First, if we had attempted deficit reduction as the first step, the likelihood is that we would be looking at a much weaker economy and as a consequence, ultimately wed be looking at much larger debt problems. >> david walker is the founder and ceo of the come back america initiative. the former u.s. comptroller general, he believes very strongly in deficit reduction and debt control. david, unemployment, around 9.4%. is this a realistic time to tackle the deficit? or do we still have to wait lo...

First, if we had attempted deficit reduction as the first, as the first step, the likelihood is that we would be looking at a much weaker economy and as a consequence, ultimately wed be looking at much larger debt problems. >> david walker is founder and ceo of the comeback america initiative, former u.s. comptroller general. he believes very strongly in deficit reduction and debt control. david, unemployment around 9.4%. is this a realistic time to tackle the deficit? or do we still have to wai...

Guys got in it would be huge news. what is the likelihood? >> reporter: well i think they are in two different places. from paul ryans point of view hes the idea guy for the republicans when it comes to debt control and budgeting and awful that stuff. what youre hearing from congressman ryan in this is frustration. he wants attention paid to his ideas, he wants his budget plan front and center. when he says hes thinking about the coded message to mitt romney and rick perry is, hey guys, take a l...

National defense and cutting taxes it has a role. we dont talk about the role of government anymore. just cutting taxes and debt control. thats all we do anymore. >> chris, did anyone mention the word jobs today? >> thats a question, too. >> thats the other thing. where are the jobs? for either side weve gotten off on the track of deficit reduction over everything else. >> heres my question, more fundamental, getting to that point. i want to bring this back home. you guys both know a lot about e...

Government anymore. just cutting taxes and debt control. thats all we do anymore. >> chris, did anyone mention the word jobs today? >> thats a question, too. >> thats the other thing. where are the jobs? for either side weve gotten off on the track of deficit reduction over everything else. >> heres my question, more fundamental, getting to that point. i want to bring this back home. you guys both know a lot about economics. its simply this. if wep had the balanced budget amendment now, nirvana,...