Page 12 - Debt Level News Today

Service cuts. that kind of financial chaos is happening at the state level just as its happening in europe. i draw a distins between financial collapse and the violence in the straoe. we are not seeing that here. i dont think we will see that here. megyn: how bad are we compared to greece in terms of the debt level? what happened in greece is they have enormous debt and they had to reign in their spending because they cant get a loan from the rest of the european union to get them out of the deb...

>> historians are not always right when they talk about the future. and im not sure that the situation of greece can be compared to one of the united states. united states is the leading economy, has nothing to do with greece. so if what ferguson means is the high level of debt is a problem, is a problem for greece, will be a problem for the u.s., hes right. will be a problem for everybody. because thats the cost of the crisis. we escape the crisis doesnt mean you have no cost. and the cost is t...

Economy, has nothing to do with greece. so if what ferguson means is the high level of debt is a problem. is a problem for greece, will be a problem for the u.s., hes right. it will be a problem for everybody because thats the cause of the crisis. if you escape the crisis, that doesnt mean theres a cause. the cause is the increase in the debt level. if he means the kind of problem greece is facing today can replicate in the united states, i wont buy that. >> would you say that the united states ...

Situation of countries. and when some of them like greece were not really in a good shape before the crisis, the crisis creates even more pressure. and so at the end you have this kind of, you know, disruption in the fiscal sustainability of the country. >> is there broader at work here? are we facing a kind of crisis of the west? ill tell you what i mean by this. we had a massive problem of private debt, private leverage. the way we solved the crisis was the governments took on all this debt. s...

February. analysts predicted a slight increase. take a look at the trend over the past couple of years here. the feds say borrowing has fallen more than 5% from the summer of 2008, that means fewer americans are getting loans and putting money on their credit cards a red flag since, as we often point out here, consumer spending accounts for almost three quarters of all economic activity in this nation. james rosen live in d.c. tonight with more on this. james? >> shep, good evening, what these n...

And that hasnt happened in the post war period. and he was saying today at the news conference that that kind of continuity is whats needed in order to address some of the key issues that japan faces, primarily north korea, the aging population, the economy, the rising debt level. so i think that is the message he wanted to bring home after this very, very big win in the elections on sunday. >> continuity with the economy. also continuity presumably with north korea. as we mentioned, the prime m...

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See um raise the debt level, they have leverage, dont they? >> they believe so. and the president -- its safe to say the president realizes that, because hes been insistent throughout that he wont deal with another debt level gamesmanship as he calls it from the last time around. he understands that republicans set a precedent last time when they said every one of these debt level increases has to be matched with real action, spending cuts and other ways to reduce the deficit, that is exactly th...

Latest updates on this topic.

Latest updates on this topic.