Page 22 - Debt Issue News Today

Their political analysis, which says, see, the two parties are not going to be able to come together in washington to deal with this debt issue before 2012, because politics is going to get in the way? >> no, not at all. in fact, you have two distinct issues here. one is, you have the fundamental difference between democrats and republicans. with respect to medicare. we said we can reduce our deficits by doing things like asking the richest oil companies in the country to pay their fair share of...

From stable to negative. im going to quote someone from the agency. we believe there is a material risk that u.s. policy makers might not reach an agreement on how to address immediate and long term budgetary challenges by 2013. some warnings or cautions to investors about how we are going to handle our budget issue, our debt issue, and of course this is all happening while congress is on vacation and we are still not sure what is going to happen with the debt ceiling vote in a few weeks. well k...

Hes basically responding the fact that there is a long term debt issue which is why lawmakers on capitol hill come forward with visions on how to address it hes talking about reaching a bi-partisan agreement in all of this. seeing if they can get together and do that. you feel that the language here is clearly a step behind. >> yes. they know that the pressure is on president obama. lead in this debt crisis. so far president obama has come up only with tack the rich, and maybe do a little cuttin...

They feel it plays to their strengths. vibrant, robust defense. extreme targeted deficit reduction that they believe is going to be popular around the country. if president obama does not do well in the debt issue, they want to hit it there. the one thing is they are really opening up a flank in terms of the entitlement game. remember, republicans did well in the older voters in the 2010 midterms. 65 and older, that group will be up there for the taking, democrats feel, because of this type of p...

Wait a minute how is that good news for anyone? what it means that wages arent rising but prices are rising so that means the paychecks are shrinking. i dont understand how that is good news for americans. jenna: i dont know if i can explain that. >> and they are printing money like crazy. we saw the wholesale prices that came out just this week, which show .7% increase. that is a big number. jenna: let me stop you there when we talk about wholesale prices, consumer prices, these are really read...

I get up here and i realize that no one has got -- theres not real seriousness about dealing with this issue. so im not going to come up here and start participating in what i think are not serious efforts towards solving this. i understand people work really hard on it. i understand the tough position that many in leadership are in. but i want to see this issue dealt with, with a seriousness and the intensity that it deserves. this is a major issue, perhaps as an important issue as anything tha...

For our countrys future, holding down job creation. something we dont talk about you have no. there are jobs right now not being created because people are afraid to invest in americas future, because they think its going to mean higher taxes and higher interest rates. so i want the debt issue to be dealt with in its totality as a debt debt issue opinion thats what i hope well do. >> now, you may not feel comfortable with this, but i have it on good authority that some leading house members, dem...

Other candidates. and a lot is going to depend on what we do or dont do with respect to this debt issue. and i think maybe the president is thinking, well, well let the republicans promote these ideas and that will cost them politically. because they are controversial. its like taking on medicare is a controversial issue. maybe well sit back and criticize what theyre doing. now, i understand the politics of that. and it may be smart politics, but i dont think its going to be because i think the ...

Former governors, governors, and other candidates. and a lot is going to despend on what we do or dont do with respect to this debt issue. and i think maybe the president is thinking, well, well let the republicans promote these ideas and that will cost them politically. because they are controversial. its like taking on medicare is a controversial issue. maybe well sit back and criticize what theyre doing. now, i understand the politics of that. and it may be smart politics but i dont think its...

And if all we do is go in 3-4 weeks and extend the debt limit and do nothing else the world will say, america and its political leadership is not serious about dealing with the incredible issue, and the fact their government continues to spend money it doesnt have. >> chris: but arent you pulling the same stunt if you will, that barack obama did when he was a senator in 2006 and he voted against increasing the debt limit and knew other senators would do the right thing and he could make the poli...