Page 8 - Debt Level News Today

With? >> yeah, i think you hear democrat leaders saying there are spending problems and surprises to every american. what we should focus on as well is not only that we have the crisis from a financial standpoint. how do we solve that problem? and i look at my personal journey and met an entrepreneur who taught me out to make my way out of poverty of being in business and creating jobs. itd be nice to have some of our friends on the left talk about job creation and from a regular standpoint and ...

There, but i think that-- >> nitpick here and there. >> charlie is on to something. and-- >> picking here and there. >> you look at the highest tax rates in this country and look where the most misery is and welfare dependents are in this country and the places where the highest debt level is and have one thing in common and one solution, and taxes worked on and the city and states, boot way, illinois is in trouble, california is in trouble and city and states and municipalities and and one solu...

In 1965 it had risen to $3 billion. in 1929 at the time of the stock market crash it had risen to 17 billion. towards the end of world war ii it was 259 billion. all those numbers pale in comparison to president obama, more than all the presidents combined. >> a pretty picture, not so much. bill: some of these warnings now the national debt is nearing dangerous levels. steven moore is here with the "wall street journal." what does it mean that the warnings are there, steve. >> the amazing thing ...

Whether we raise revenue to deal with the debt. because whether its medicare or whether its dealing with the debt level at the level that its at, without agreement on both sides, were not going to be able to tackle some of the more difficult issues, tom. >> i think that both campaigns have failed to say to the american public, this is going to be hard. this is a real crisis in america. you look at the imf projections about where the global economy is now. theyre saying you have to get your act t...

With the debt. because whether its medicare or whether its dealing with the debt level at the level that its at, without agreement on both sides, were not going to be able to tackle some of the more difficult issues, tom. >> i think that both campaigns have failed to say to the american public, this is going to be hard. this is a real crisis in america. you look at the imf projections about where the global economy is now. theyre saying you have to get your act together. we could be in another r...

He could not answer how he was going to pay for this $5 trillion lowering of the tax rates. he couldnt list a single deduction, a single loophole, that they would close, except he said we would go to congress. now, what theyre saying is that were not going to tell you, were going to go to congress and, surprise, well see it after the election. its the same stuff that -- >> wheres the obama plan? hes had four years. he cant even get a budget passed. >> why? because you have a congress that has si...

>> neil: from charlotte with love but in case you missed our spectacular coverage of the democratic national convention, i want you to take a look at this. >> "fox business" coverage of the election 2011. the democratic national convention. >> if its important to you we mean business and we dont talk about it, we go all night covering it. >> rather than ine engaging in gimmickry, let us engage on what should be done. what should be done? jo i dont. >> neil: i dont want to interpret you. its iron...

The debt level yesterday across the 16 trillion-dollar mark. that is $136,000 for every family. imagine if someone came to your door and wanted to collect that. up next, stuart varney and what america is looking forward to for the next four years. and growing concern about one group who says politics are at stake at the doj. >> president obama and the band of his merry men, might as well erected their own pink sign at the arizona mexico border saying welcome all illegals to your united states. o...

Debt level increase, and they grow to sequester funds and, then, guess would wants to remove that? liberal democrats and conservative republicans. >>neil: do you think we have the debt clock running in here and that is a different view on the issue you have made, but $16 trillion is a lot of money and ever, ever, ever, can we get that paid off? >>guest: not a prayer. governments never pay off the debt. but they liquidate the debt. you do not pay it off or earn it. we get into trouble, we do. >>n...

Pass greece currently unsustainable debt level if we stay on the course were on. so the the message from greece is twofold. its they have a terrible competitiveness problem that is almost uniquely greece that they have to solve, it doesnt relate as much to us, but the consequences of overleveraging yourself and taking on too much debt we can see pretty clearly in our own situation. >> so, michael steele, just looking at the politics of this, front page of the "new york times" this morning, all t...