Page 17 - Debt Load News Today

governor rick perry is proposing giving you taxpayers a choice. essentially you can pay your current income tax rate under this code or skip the accountants and software and pay a 20% flat tax rate. the bottom line, most americans choose a 20%, and at the least this would amount to a tax cut for the wealthy. candy crowley is the chief police kp correspondent, and anchor of "state of the union" on cnn. no one is sure what romneys proposal is, whether its economically sound. after herman...

unexpected, no question about it. but this has to be startling. >> i have to say that things dont shock me. i was shocked by this. >> reporter: did your heart skip a beat? could you -- what happened? >> i dont know. i think i called home and said, im coming home. im stopping my errands for saturday and first i thought that she should come get me, my wife should come get me, and i said, no, the cars drivable, but no back window. >> reporter: you were out here for about 36 hours or so wi...

im ali velshi. welcome to "your money." rick perry is proposing give you a tax choice. currently you can pay it under the cold or pay a 20% flat tax rate. the bottom line, most americans choose a 20%, and at the least this would amount to a tax cut for the wealthy. candy crowley is the chief political course it dent and anchor of "state of the union" on cnn. no one is sure what romneys proposal is, whether its economically sound. after herman cains success for getting attention for the...

The numbers, and the deal itself, the issue -- you talk to former executives at goldman sachs, which ive done, theyre saying essentially, dont think of it just in the terms that the very faressor have to tear a hair cut, he says thats not the issue. what youve got to look at is growth in italy, growth in greece, growth in spain, and their debt load as it compare toss their gdp, and when you think about t. greece -- >> bill: theyre in trouble. >> thats right. greece has, what, 12 million people, ...

Im going to cut them a little slack, because all the public statements theyre going to make now belie the fact that theyre going to have to compromise if theyre going to come up with something. and my hope would be that they would come up with something. whatever it is, if its small, were going to have to turn around as soon as thats done and then start doing the next large deal, because we have to ring $9 trillion out of our government over the next ten years to get in a position where we can a...

>> so the key now is to make sure theres strong followup, strong execution of the plans that have been put forward. >> as president and candidate for re-election in tough times mr. obama was crystal clear on the domino effect of that euro zone deal. >> if europe is weak, if europe is not grown as our largest trading partner that is going to impact our businesses and ability to create jobs here in the united states. >> a bit more positive news from the commerce department. it reported t...

How effect dive, rick, do you think these measures are going to be in terms of helping students, families, consolidate that debt? >> i think this is a small step, and i think we need to start getting used to the idea that there are not going to be any big solutions coming out of washington, where theres a big new program that sort of solves a huge problem. at best, were likely to see some small efforts, some small programs that might relieve the pressure a little bit. so i think it will help som...

Options for loan forgiveness and loan repayment. our next guest says the plan is not enough and that the student debt is actually keeping americas best and brightest shackled to wall street, causing what he calls a brain drain in our country. were breaking it down today with matthew siegel, president and cofounder of our time. you can get lost in opinion, thinking this is my opinion or your pin or the presidents opinion. were not in an opinion market here. there is a mathematical amount of stude...

good evening, everyone. tonight a herman cain fund-raising video goes viral because of a shot that celebrates smoking. truth is, we think a cancer survivor like mr. cain should know better. a provocative new tax plan from rick perry. heres the form, a postcard, two sides, straightforward. and the modified tax plan would allow most americans to keep their most cherished deductions. >> taxes will be cut across all income groups in america, and the net benefit will be more money in americ...

this week as 16 million americans are out of work, the economy is struggling to grow and the housing market remains a mess, we learn that total student loan debt now topping $1 trillion for the first time. at the same time, 15% of 20 to 24-year-old americans do not have jobs. student loan delinquencies have jumped to more than 11% doubling just over the past few years. nicholas kristof is a columnist for "the new york times," moodys expects student loan problems to only get worse. this...