Page 9 - Debt Issue News Today

The average growth rate over the last ten years in china was 10.3%. 7% of that is not sustainable. that type of an economy cant operate that way and they have a debt issue. the leadership in china, im extremely impressed with. because im impressed with the leadership its likely it will be well managed. it will be a hiccup and there will be a restructuring, but they make decisions. we are going into the 13th five-year plan. they have plans that they set out and they actually implement. we dont ha...

Are going to get simultaneous mark reaction as the president is spoking from the markets the world over. you are also going to hear from people who are worried about spending initiatives, compounding the debt issue we are talking about. you can go to a business, that worker gets the markets react close, you can also go to news network, hear the speech. so what are you doing watching anything else? wake up. all right. up next, up next, forgive about this weeks snowstorm and bundle up for the late...

That, i believe, second year in a row, youre actually freezing tuition rates. youre freezing it, trying to make it more affordable. you have been looking at this. but you saw those statistics. youre sitting sheer, and this idea that some states are essentially passing on this cost, you know, if the high cost of education issues and helping state universities, by raising tuition rates, and that, of course, then just increases this debt issue. and its a vicious cycle. >> yeah, and i think you anal...

About this. i think at the end of the day, republicans and democrats in a bipartisan manner will help to solve this problem. >> obviously, if you get to 60 votes it will get out of the united states senate. this faces a real uphill battle in the house of representatives for two reasons. conservative members in the house see this as a debt issue, youre adding $6.5 billion to the debt. outside groups, heritage action, coming out against this vote. why are your colleagues in the house so reviled ab...

Education or research. >> we havent talked about that and budget committees will put together the deals for the future after we get this done. i have been in discussions for the last eight weeks and six months on how to do this. we will take a look at that. we havent made a decision yet. >> that are means thinking about the bigger and the long-term debt issue and talking about entitlements? are. >> let me get through today and then i will talk about tomorrow. we sat down and realized we would ha...

Are enrolled and whats the quality of service that theyre getting. i think if we get that right, everyone will regret that the early weeks were a little choppy on the website. but the test is, are people getting coverage and are they getting the care that they need, and were confident were going to be on track to do that. >> final area, in addition to trying to keep the government open and deal with the debt issue, youre also dealing with the sanctions against iran, and this is a big issue as yo...

Be in january how many people are enrolled and whats the quality of service that theyre getting. i think if we get that right, everyone will regret that the early weeks were a little choppy on the website. but the test is, are people getting coverage and are they getting the care that they need, and were confident were going to be on track to do that. >> final area, in addition to trying to keep the government open and deal with the debt issue, youre also dealing with the sanctions against iran,...

Isnt it? >> lets go even further, back to 2008, the crisis which started in this country, and exported. theyre still dealing with it. it is very tough for us to say lets get your house in order. i think it is interesting that christine lagarde felt that it was go to come out and say oh, yes, it is finally good that the american government and congress will fix this. it is not a position that the united states likes to find itself in. you know? and i think it is kind of a problem. >> congress has...

Which wasnt dealt with. you say the debt wasnt being paid down. its getting worse. it uhs growing especially with the long-term entitlement programs and unpaid for promises known as liabilities. that $17 trillion number scratches the surface. thats the official number on paper. when you take those extra promises that we have already made to the american people and have no way of paying for, the number is closer to 90 trillion dollars. according to to several member s of president clinic tops deb...

Legislation is if you go across and talk to mrs. pelosi and come up with democratic votes violating the hasturd rule. the republicans want to reopen the government, but at the end of the day, i do endorse the theory and i think joe would, too, that if the president and the democrats want to have another trillion dollars of borrowing authority, you should have a conversation as to why we need to borrow another trillion dollars. and if the president was willing to do that in a meaningful way, this...