Page 17 - Debt Problem News Today

$20 trillion our deficit is approaching. something has to be done. is this the right thing? >> you know, sandra, whats really scary about that figure is it doesnt capture all the ways in which the government is indebted. all the promises weve made to all these americans over the generations. all the guarantees weve made to things like pension programs and everything else. if you look at our total indebtedness, its real easy to get depressed. one thing nick mulvaney was right about. if we cant ge...

Youve got to err on the side of growth because youre not going to solve the debt problem and definitely not going to be able to put the people back to work like i know the president wants to do. julie: the congressional budget office projects the federal debt will grow by $10 trillion if we dont meet that 4.5% increase in our economy in ten years with these tax cuts. >> well, theyre assuming that youre going to continue to grow -- or, excuse me, youre going to continue to spend without any reduc...

Explodes over the next 25 years is because theyre predicting very low economic growth. theyre predicting austan, 1.8%. i believe if you look at the 1950 to 2000 the economy grew at about 3 to 3.5%, not 1.8%. yes i think we can grow faster and the tax cut will help bring about some of the growth. john, im not saying that we can only, you know, its only growth that will get us out of this debt problem. im saying if we dont grow faster than 2%, were never going to bring this debt down because you j...

Congress have traditionally. you go back to the 1920s, 1930s and 1940s, and the debt ceiling debate has been used to step back and say okay, why do we have a deficit problem? why do we have a debt problem and how can we fix it and well come up with ideas to raise the debt ceiling and try to address the long-term reasons that we have a debt in the first place. >> youre not someone who voted for a lot of budgets when you were in congress. why -- this doesnt look like a budget congressman mulvaney ...

Fight. when you are talking about no entitlements touched. i didnt hear that from mick mulvaney. i heard lets wait and see what it looks like in the real budget in may. >> two points. first on what we heard from the omb director, i think its indisputable when you look at the outline of the document, president trump is following through on what he said he would do on the campaign trail, and thats a feather in his cap. you have to give them back. unfortunately one of the things he said he wouldnt ...

Fight. when you are talking about no entitlements touched. i didnt hear that from mick mulvaney. i heard lets wait and see what it looks like in the real budget in may. >> two points. first on what we heard from the omb director, i think its indisputable when you look at the outline of the document, president trump is following through on what he said he would do on the campaign trail, and thats a feather in his cap. you have to give them back. unfortunately one of the things he said he wouldnt ...

From this country. they will argue its heartless and doesnt look good. >> its outrageous, im sorry, and not heartless. if you come into the country in violation of our laws and youre here and you want to stay here and yet you are going to u.s. taxpayers, hard working taxpayers and saying these are programs for which im not eligible but i will draw down on tax dollars for my benefit. to put an end to that and say you cant do that and to say that is grounds for your removal on top of your illegal ...

>> it is been clear that governor haley is not a fan of candidate donald trump. shes been a vocal critic of his. how is she not work for him. >> i mean, it was interesting on lincolns cabinet and the entire team. part of lincolns wisdom that he was able to bring together a whole host of despair viewpoints that were able to safe our public. similar crisis point and not a civil war. we are at a crisis point in our country in terms of what comes next. it is going to require real leadership if we ar...

They are the natural borns enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. could be youve got the wrong bed. enter sleep number... she likes the bed soft. hes more hardcore. you can both adjust the bed for the best sleep of your life. right now save $500 on the queencse mattress. plus 36 months special financing. know better sleep with sleep number. its what the national debt could do to our economy. if we dont...

"one week? that definitely works!" rapid wrinkle repair. and for dark spots, rapid tone repair. neutrogena®. "see whats possible." its what the national debt could do to our economy. if we dont solve our debt problem 19 trillion and growing money for programs like education will shrink. in just 8 years, interest on the debt will be our third largest federal program. bad news for small businesses. the good news? theres still time for a solution. ask the candidates for a plan to secure our future...