Page 19 - Debt Problem News Today

Growing problem of income inequality in this country. i think theres some small pieces there. well have to do more on that. then theres the issue of fiscal responsibility, which is this country is on an unsustainable path in terms of the debt, and in terms of that, they took a step back on emphasizing, getting ahold of our debt in the medium and long term, so while the presidents budget is important and should be commended for the fact there are a number of new initiatives, it doesnt do nearly e...

>> chris, look, we clearly have a growing debt problem and everybody says this is the most predictable economic crisis in the countrys history. we have to deal with it. the president refuses to. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more acc...

>> im sorry, senator portman? >> chris, look, we clearly have a growing debt problem and everybody says this is the most predictable economic crisis in the countrys history. we have to deal with it. the president refuses to. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provi...

>> chris, look, we clearly have a growing debt problem and everybody says this is the most predictable economic crisis in the countrys history. we have to deal with it. the president refuses to. if you look at his budget last year, it barely had deficit reduction relative to what would happen otherwise. in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more acc...

The american people want results and do we have a debt problem? absolutely. the problem is not today. its kind of to johns point. weve had a problem all along. we had a medicare part d or unfunded war. the congress is writing connection, we aint had no money in the bank. ill be if i will let them bankrupt the american worker on this back end. we need to make sure everybody pays their fair share. we also should keep our debt in mind. >> gary b., havent we seen this movie before? i mean, job initi...

Actually have people paying in? they keep throwing out different numbers. the vice-president saying five or six million, the president throwing around another number itch dont think they have a full handle on how many people are enrolling. more importantly, will the math add up? will enough people sign up, net-net, more miami -- people sign up or young people paying in so when we talk about the debt problem, the law is actually working. the president can say healthcare spending is coming down. t...

Increase taxes on wealthier individuals in order to cut benefits for wealthier people doesnt make a lo the of sense. so its an example of where the administration could say to democrats, you know what, this one makes sense. its in my budget. im going to give you political cover on it. lets make progress together. it doesnt solve the whole debt problem but it begins to take us down the road towards not leaving our kids and grandkids this unconscienable debt. what if we made progress on something,...

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And it is a big accomplish meant, you remove the threat of government shutdowns for almost the next two years. on the other hand we have a debt limit crisis which is going to come up in the next couple months. february and march the people are saying. should republicans risk a default crisis? as you know the president said are you going to send the country that default by de -- by demanding? or do you cave there and say look, we are going to kick this can down the road and focus on obamacare? >>...

You say and quite rightly so and it is a big accomplish meant, you remove the threat of government shutdowns for almost the next two years. on the other hand we have a debt limit crisis which is going to come up in the next couple months. february and march the people are saying. should republicans risk a default crisis? as you know the president said are you going to send the country that default by de -- by demanding? or do you cave there and say look, we are going to kick this can down the ro...