Page 30 - Debt Issue News Today

Decisions, but bottom line when it comes to the debt ceiling, dont mess with it, here is austan goolsbee. the debt ceiling is not something to toy with. the -- if we hit the debt ceiling, thats the, essentially, defaulting on our obligations. which is totally unprecedented in american hft, the impact on the economy would be catastrophic. >> now, the presidents due to return to washington on tuesday, it sounds like he will start rolling out some of his ideas for cutting government spending, but a...

>> okay, lets talk about the national debt. its clearly out of control. we had the third largest single day increase ever, more debt in one day than we had in all of the year 2007. so, elliss, im going to give you the first chance to talk about it. tell me why the debt under obama is a good thing here? >> governor, debt is not an inherently bad thing. when you have a house mortgage, didnt that allow you to do things-- >> higher than my income. >> i bet your house mortgage was more than you made ...

Democrats will urge voters to consider the election a choice, not a referendum, on president obama. >> this is going dpob a choice between the policies that got us into this mess and my policies that are getting us out of this mess. >> and that is where we will start. im joined mere now in the very first joint interview by the hits of the house and senate campaign committees. robert menendez and republican john cornyn. for the house, chris val hollem and pete sessions. thank you for joining us f...

Major industrial nations. the major focus of the meetings how to best sustain the global economic recovery and how to prevent more debt crisis like the one currently rocking greece. nbc news chief white house correspondent chuck todd joins us live now from toronto. a big trip for the president, especially in light of the many weeks weve watched the debt crisis play out in greece wondering if it will trickle perhaps even here, chuck. >> it is. look, before this, earlier this week they did not thi...

Look at retail sales number coming out. the economy is not strong enough to have the government pull out. on the flip side, to the tea party people, long-term, we have to make cuts so we dont go down to greece. nice to keep the short-term stimulus up and make the cuts to long-term like social security and medicare so we have a long-term balanced budget but acknowledge were in trouble. >> cheryl: john, i wish i could back up the point on china, but china doesnt have the debt issue that we have th...

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