Page 17 - Debt Issue News Today

Hes kind of a libertarian type on drugs and on the debt issue is one that appeals to young conservative voters. but whats the young turnout in iowa caucuses? >> the young turnout is unpredictable, and so is the turnout of people who have not been to the caucuses before. its different than just going into a voting booth and pulling a lever. you really do have to have a weighty campaign organization to really work on these people, get them to understand what the process is and get them out on cauc...

Is it to young voters -- he certainly has that appeal since hes kind of a libertarian type on drugs and on the debt issue is one that appeals to young conservative voters. but whats the young turnout in iowa caucuses? >> the young turnout is unpredictable, and so is the turnout of people who have not been to the caucuses before. its different than just going into a voting booth and pulling a lever. you really do have to have a weighty campaign organization to really work on these people, get the...

rate has fallen to 8.6%. thats the lowest rate in nearly three years. christine romans back with us in new york now. so, christine, what a marked improvement. 120,000 jobs added in november, where are we seeing the most growth here? >> we had the last two months here res have hire, as well. many more jobs created in september and october than we thought. the growth were seeing is in the retail industry, no surprise there. 50,000 jobs created in the retail industry and half of those wer...

Debt issue. i would like to briefly address that. the president basically walked away from had the right idea. you were a member of that you voted for it. they said lower the rates dramatically. eliminate the tax expenditure and we will contribute that to the the debt reduction. the flip side of that is we want to see a half 500 million on entitlement reform. raising elibility ages. would you go for that again? >> that is the basic guideline to reducing the stable growth situation creating jobs ...

Closely, and todd you say this has to do with europe and what going on there and the global concern? >>guest: that is right. look at the debt concerns in euro region, $1.5 trillion in debt issue that we need to worry about if you include portugal, spain, italy, ireland and greece. and then taking into accounts this is speculation $500 billion the banks that you just mentioned, that have exposure to europe debt. and if that is the issue, yes, this stress test is necessary because of those banks w...

Look, its not going to advantage the president, even if these numbers stay where they are today because at the end of the day they will say you are the guy in charge, why didnt you get something done? keith, a colleague of mine from the white house, had a very interesting blog post this evening in which he point the out at a news conference, the secretary said the obama administration was very engaged with the europeans on settling their debt issue and yet was completely unengaged with the super...

Yes the super committee fit fails, which it looks like it is going to, there are automatic cuts that go into place, but as far as accountability for the people, you know, they still maintain their jobs and we are still with this big debt issue. >> the bow hr-rbs es-simpson report was the only thing that started out in the bipartisan fashion and has grown. we have about 140-plus members of congress both in the house and senate that said go large, go big, go 4 trillion or more. it has a great temp...

Committee democrats. the democrats are saying they are waiting for a new offer from the republicans. here we are a week out and its not clear which side may blink first or extend a branch to try to compromise. jenna. jenna: a few strokes before midnight, a little bit of a cinderella get for. we could use a firee godmother, someone to try and fix this. what about this go big coalition and what they are suggest into lawmakers? >> reporter: a whole lot of bi-partisan lawmakers getting together sayi...

he also says he reported it. in the same e-mail he said he had discussions with police and with the official at the university in charge of police. listen to mcqueary now, this is what he told a cbs news reporter. >> you have any idea when you think you might be ready to talk? >> this process has to play out. i just dont have anything else to say. >> okay. then, just one last thing. just describe your emotions right now. >> all over the place. just kind of, shaken. >> crazy. >> crazy. ...

Interdependent with everybody. i was listening to the previous segment with gillian. and clearly were interdependent. so when our deficit is a real problem, so is everybody elses. and ive been traveling a lot -- surprise -- and basically a lot of people will say its your fault. its your fault whats gone on. so we have to deal with that. >> its americas fault? >> well, thats what they say. i dont happen to believe it. but i do think that our deficit and the whole debt issue and the inability to d...