Page 20 - Debt Problem News Today

Become part of the tea party. im as frustrated as anybody else can be. but i think we have a situation where the circumstances in washington, the inability and unwillingness of the this administration to come to grips with our basic long-term debt problem, for example. the frustration out there is so when i see people talking about the tea party, i dont think of the tea party as extremists the way some of the folks in washington want to describe them. the extremist in washington is barack obama....

Barack obama said this about our nations debt back then, quote, increasing americas debt weakens us domestically and internationally. washington is shifting the burden of bad choices today on to the backs of our children and grandchildren. america has a debt problem and a fail our of leadership. americans deserve better. so what happened? how do we get our growing national debt under control? lauren adler is the research director for the committee of responsible federal budget associated with th...

The south, and that is not going to win national elections ever again. >> jim, whats your response to that. >> well, im going to put aside her comments about hating women, minorities. i think its absolutely ridiculous, and not hating poor people. let me focus on the tea party from their perspective. the folks at tea party they talked to and i read what theyre saying, i think they understood, there were some who didnt, that defaulting would be a bad thing. but i think, a, they didnt believe that ...

That. but what they are really worried about, and i think too worried. and im worried, but theyre way more worried than i am, one, the debt problem. were about to go into a debt problem in the next year or two. i dont think thats the case. and i think obama care is going to lead to a socialist takeover, a single-payer -- theyre very worried about that. so from their perspective, these are both existential threats to the united states, and listen, and breaching the debt ceiling, small potatoes co...

The folks at tea party they talked to and i read what theyre saying, i think they understood, there were some who didnt, that defaulting would be a bad thing. but i think, a, they didnt believe that we would actually default, that treasury could come up with the money, that they could prioritize payments. my bigger complaint is that they didnt think the huge budget cuts that would have to happen if we didnt raise the debt ceiling. that those would be just fine. so they werent worried about that....

The food and drug administration. nuclear regulatory administration was shut down. environmental protection was halted. industrial chemicals and compliance with pollution standards, although recalls and safety defects put on hold by the national highway traffic safety administration. hundreds of air traffic controllers work without pay. some were concerned with passenger safety. we came to close to default, treasury bills were affected. u.s. offering higher interest rates on short-term debt. its...

We came to close to default, treasury bills were affected. u.s. offering higher interest rates on short-term debt. its getting more expensive for the u.s. to borrow money, which also only adds to the debt problem republicans say they care so much about. this man-made, john boehner catastrophe obeyed 11 million undocumented workers into the system, meeting the challenge of climbing gyms, turning a slow recovery that has not been working for 90% of americans into one that does come a recovery made...

The bills. the treasury department is just paying bills. congress job, its job is to write the law to spend the money. they need to do that, not focus on the debt ceiling at the end but focus on spending priorities out front end and they havent been able to do that since 2009. >> on that last point i dont agree. it a come beer some process. it came from the debt ceiling debate of 2011. spending is coming down in the u.s., very interesting. i would suggest a spending rule rather than the did he b...

In this what you were just talking about this commission, this, you know, this new commission they are going to have. i mean, come on, stewart, i have been in this town 30 years. i have seen dozens of these commissions they never lead to anything. >> jim nussel. we didnt knicks the debt problem, did we? >> no, we didnt. this is a sad day for our country in the way this has been handled. looking forward, we bought some time. this is akin to car driving into the desert and making luckily that last...

Themselves in the spotlight and raise money for another political run? >> i think they genuinely believes in their position. but it doesnt get to the core issues, which is getting our deficit and debt under control. if you want to get that under control, youve got to make proposals that will actually adjust the way our entitlements are growing and reduce the rate in which theyre growing. the good news is were no longer talking about the issue of whether or not youre going to kill obama care of a...