Page 14 - Debt Problem News Today

Markets and economy will sentient for him and give them another four years in office. this next gentleman is trying to stop it. he is among three republicans challenging the president for the republican nomination. former governor of south carolina, former congressman as well, mark sanford. good to have you. >> pleasure to be with you. >> neil: governor, three president referred to your challenge, congressman joe wals walsh, you are the three stooges, badly failed candidates. what did you think?...

The fact of the matter is, what the government should do, which it wont because i have never believed the government is intelligent, but what the government should do is extend the average maturity of the debt out to take term of the rate and lock it in. if you lock it in, my great grandchildren wont have a debt problem. >> neil: well, youre a billionaire. >> three generations of shirt sleeves. when you go through that maturity process, the fact of the matter is, weve been going the other way in...

Sources come to the aid of transportation and infrastructure, so there are fundamental disagreements but i think youre right. theres a lot of theatrics involved with this as well. neil: burt, i talk to a lot of trump supporters who argue youre forgetting the silent vote out there, that didnt say they were going to support one way or the other donald trump, and obviously, it may be the industry all state that did get the election in his favor, they point to elections weve seen in australia and in...

Youre going to forgive this conduct and especially when you make a big deal. if youre going to talk the talk, walk the walk. >> thank you, guys, very much. just in, a new cnn k file investigations discovered past views from beto orourke about the government, debt problem and spending. fascinating new reporting about the relationship between president trump and deutsche bank. how he received a number of loans, how he lost them and what investigators may be interested in hearing. well be right...

To look at $22 trillion, could be so much worse after the election. charles: its not, though, the revenues are there. we are bringing in more money, we typically bring in more money when the economy is on fire but the spending is where it never gets curbed. >> we are not at the point of no return yet. charles: were not? >> no. this is one of the strongest economies so our gdp can grow faster than other economies which can help the problem. but that said, getting to the original problem, even the...

Succeed, america succeeds. he opened up housing for everybody. when leaders put country above themselves and understand the office, its far better, far greater than themselves. thats what leadership is about. >> one thing that hasnt been mentioned, tom, and this is something that republicans and democrats did together over the course of the 1990s, we were facing what we then thought was a deficit problem, a debt problem, and george h.w. bush made a deal with democrats that cost him his presidenc...

For example, any number of latin american countries, anybody who has to pay down their debt in dollars is going to have a problem. you may see a ripple effect in emerging markets. china has got a big debt problem. if these issues spread to china, that could be a big issue for the global economy. >> steve moore, let me ask you about what trump is doing. whats always struck me about american economic strategy, for the last -- recent since the 1920s, the united states has tried to act to stabilize....

Up. were at the end of that period of easy money. thats going to make it harder for anyone who is weak, turkey but a country like south africa, for example, any number of latin american countries, anybody who has to pay down their debt in dollars is going to have a problem. you may see a ripple effect in emerging markets. china has got a big debt problem. if these issues spread to china, that could be a big issue for the global economy. >> steve moore, let me ask you about what trump is doing. w...

Spending bill that will be first voted on in the senate, which increases the deficit quite a bit, some $500 billion, but it doesnt address specifically the issue of immigration and i know there are a great many house democrats like yourself who would like to see that. what is your opinion of this senate bipartisan deal? >> i have a big problem with this spending bill because it is drunken sailor level spending. and im in the going to go along with it just because the domestic spending is as high...

Only one-third of that in combat accidents. thats kind of trend were seeing. so we have to invest in our military. if you want to defeat isis, if you want to push back against iran, if you want to push back against north korea, youve got to invest in the military. on the broader thing, we do have a debt problem in this country. 75% of money the government spends we dont have control over. thats where we have to do reforms in order to balance the budget long term. >> dana: a former senator wrote ...