Page 12 - Debt Problem News Today

© Provided by Xinhua MOSCOW, Feb. 7 (Xinhua) -- The U.S. national debt is likely to be much higher than Washington admits and the country has no chance

From the hill house democrats pass had a last minute pressure to raise the debt ceiling that will take us through the mid-terms of 2022. president biden will sign into law hours before what would have been the first ever u.s. default. meanwhile democrats are still full steam ahead on the multi-trillion dollar welfare expansion. we dont know if this will pass. if it will succeed. here is the sound bite of the day. hillary vaughn asking senator elizabeth warren about that proposed spending spree j...

Coming in dont match the expenditures, and one thing we need to do is to get the billionaires to actually pay income tax. jeff bezos claims, despite being one of the richest people in the world that he only had $83,000 in taxable income last year. and, therefore, paid almost nothing. elon musk, in the most recent year we have data for paid zero in federal income taxes. so, yeah, we have a debt problem bus but we have a debt problem partly because the very richest people just arent paying. lawren...

Book. >> we will see you in court. >> congress has raised the debt ceiling by $2.5 trillion. >> how high do you think the debt needs to get before you cut government spending. >> we have a debt problem because the very richest people just arent paying. >> we start with a fox news alert. the this morning president biden is set to go and see all the devastation firsthand in our countrys heartland. is he going to travel to the hardest hit areas of kentucky where 100 people are still missing. lawren...

Expenditures. we have a debt problem because the very richest people just arent paying. >> neil, if you took all the money away from the billionaires in america, that would only add up to about $4 trillion. so when you look at the national debt, youll still have $27 trillion that youd need to get the money from somer with else. neil? >> neil: you cut spending less or widen the tax pool further. hillary van following that. rob portman has more on that. what do you think of what senator elizabeth ...

>> have you noticed every time we do a squad segment, the squad demands that is, the squad demand stats. this is like the hostage negotiation all over again. notice kyle aoc structures her argument this way. i have debt, so we have to fix my debt problem. oh, i am convinced. where do i cut the check, aoc? i was just payson chair to help kids with cancer but -- >> a lot of these people, geraldo, are like upper-middle-class. women. men. >> i think you are onto something when you mention to the col...

Filibuster. the debt exploded partly because of the trillions congress approved in covid bills last year. elizabeth warren says democrats need more tax revenue to cover the cost of their social spending bill. >> so, yeah, we have a debt problem but we have a debt problem partly because the very richest people just arent paying. >> expect the house to vote on the bill tonight. that addresses the debt limit until after the midterms. >> bret? >> bret: ed white house is voting to hold former white h...

Money for him to compromise himself for you. it looked like he was working every day to try to raise money in the future from the saudis and others in future deals like possibly what hes doing right now. >> tim will know more about donald trumps business, such as they are. i hesitate to use the word businesses around them. [laughs] operation, thats a very good word for. i think one of the things im learned from reading tim over the years is that you can understand donald trump by following the r...

The years is that you can understand donald trump by following the red ink. the debt problem always hangs over him, whether its in his political career or in his prior career as, again, well say operator, not a businessperson. hes a debt management, hes lived in red ink forever. if you know how to follow it and read it like a raw shack, you can read what hes up to. again, i studied tims work on this, and if this company ever exists, it will be more like a laundromat than a social media company. ...

>> well, i mean, i dont know what theyre thinking. they have no understanding of basic economics or bound and determined to make things bad for the country. you had the chairman of the budget committee a few months back that said oh, we dont have a debt problem because we can always print money. again, thats almost as dumb as the statement the president made about $2 trillion additional spending is not going to exacerbate the 31-high year inflation rate. they dont know what theyre doing. if they...