Page 14 - Debt Issue News Today

Being on the show. >> good morning, luke. good to be with you. >> you know as well as i do that republicans have owned the debt issue since 2010, used it very much to get elected. but if you look at the numbers, the center on budget and policy priorities said simply letting the bush tax cuts expire on schedule or paying for any portions of policymakers decide to extend would stabilize the debt to gdp ratio for the next decade. the bush tax cuts, ex tenning them would add trills to the national d...

and also a friend of his, a woman who has known him for years and says hes a saint, well actually talk to her. weve got some tough questions for her to answer. we begin though tonight with raw politics. president obama heading home tonight from the g 20 sum et in mexico. where the economy is concerned, this summit could have a serious impact on jobs. heres some of what the president said tonight about the economy, about syria and political sniepg from the romney campaign. >> markets ar...

where the economy is concerned, this summit could have a serious impact on jobs. heres some of what the president said tonight about the economy, about syria and politically from the romney campaign. >> markets around the world have been asking if europe is ready to do what is necessary to hold the eurozone together. european leaders here in cabos have made it clear that they understand the stakes and pledge to take the actions needed to address this crisis and restore confidence, stab...

seemingly in control of the country. we will surprise testimony in the jerry sandusky sex abuse trial, his wife takes the stand. and also a friend of his, a woman who has known him for years and says hes a saint, well actually talk to her. weve got some tough questions for her to answer. we begin though tonight with raw politics. president obama heading home tonight from the g 20 sum et in mexico. where the economy is concerned, this summit could have a serious impact on jobs. heres so...

>> the problem they have, its somewhat effective except it was so long ago. the problem is this election is in the here and now. people are living in this economy now. they can talk about it, but after a while people just are living right now. the economy is not going to get better they are not going to -- >> you think romneys record is irrelevant? >> not irrelevant, but its a heck of a long time ago. and he can come back with 4.7 unemployment -- >> 47th in the nation -- >> doesnt matter. 4.7 un...

Economy. right now the unemployment level there is about 24%. they are looking at a decline in the countrys productivity in terms of its gdp and how its been doing. thats expected to drop by 1.7% that means property value also come down again. unemployment levels will probably rise. none of this will fix that greater situation it is certainly a good first step. but there are a lot of people asking questions about what happens next. and what this means for europe overall and there are a lot of co...

heres what john edwards had to say after the trial. >> i want to make sure that everyone hears from me and from my voice that while i do not believe i did anything illegal or ever thought i was ever doing anything illegal, i did an awful, awful lot that was wrong. >> the federal government still has the option of a retrial, that doesnt seem very likely at this point. joining me to talk about all of that, senior legal analyst jeff toobin and david peril managing ed tord of radaronline.c...

Ceiling. we ought to ask ourselves why do we have a debt ceiling in the first place? it does absolutely no good. how many countries have debt ceilings? this is a made-up issue. it is manufactured. the issue itself is phantom. we ought to be talking about jobs and creating opportunities and four our young people many of whom are coming out of school this week and next and going to be looking for opportunities to pursue their lifes dreams and here we are talking about something that makes absolute...

The congress piece is equally problematic because if you want to put the congresss part of the debt on the table, theyre the guys who are willing to put the full faith and credit of the united states on the line and help us default on our debt. thats where the congress is in the publics minds so i am not sure i would bring that up. >> can i slightly disagree with joanne on that? i think it is largely right when the economy is getting better but i think as we saw in 2010 election, if we begin to ...

Or blue today. i would say how do you have bipartisanship when you have a senate republican leader who said at the beginning of the presidents term our job is to make him a one-term president and now we have republicans not only unrunning for office but in office and said bipartisanship equals democrats coming to our side of the aisle. lets let governor rendell weigh in in terms of cooperation, bipartisanship, is it on the menu? >> i think a lot of things that governor pa tack kill said are not ...