Page 24 - Debt Problem News Today

Take a look at that number. its growing. our national debt climbing higher and higher by the second. while most americans realize the country is deeply in red ink, john stotzel learned few if any have any idea how to fix the debt problem. >> what would you cut? >> i would cut a lot of -- i dont know, to tell you the truth. >> not education. >> not education. >> no. >> thats a tough question e. >> tough question where to make the cuts. >> he says he has a few ideas on how the u.s. can trim the fa...

Were on the same side i think on particularly short-term stimulus and austerity and just the need for the government to be doing much, much more to get people back to work particularly in the short term. but the really interesting thing -- and the place where im surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. heres just an example of this ...

But the really interesting thing -- and the place where im surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. heres just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. thats a fairly large amount. if you extrapolate tha...

Deficit reduction. heres just an example of this is from the center for budget and policy priorities, projected medicare spending which has fallen $590 billion out in the future since just august 2010. thats a fairly large amount. if you extrapolate that out into the long term it is even more. that argument that obama care is doing that, why is no one making that argument? >> two things. one, this extrapolation is super important. whenever you hear about our long-term debt problem, it is all lon...

With the national debt but our unwillingness on the republican side to pay for it with revenue increases, tax increases, and on the democratic side the unwillingness to make some cuts in favor of the entitlement programs. we need to do both. president obama in recent months has been offering a compromise saying yes, we will cut some of our favorite programs. youve got to raise some of the revenues on folks you dont want to raise it on. republicans have simply been saying no and then complaining ...

Make the investments. what is the alternative? >> the alternative is we have to figure out how to afford the government we want and want want the government we can afford and that means some consistency. lot of the issue is not with the national debt but our unwillingness on the republican side to pay for it with revenue increases, tax increases and on the democratic side the unwillingness to make some cuts in favor to entitlement programs. we need to do both. president obama in recent months ha...

Ellison calling on president obama to walk back the budget reforms in his proposals that would -- former dnc governor and former rnc chairman and nbc analyst michael steel. good to have you with me. governor, ill begin with you, besides the gop, should the president walk back the social security changes? >> of course not. look, the bottom line is, if were going to have a grand bargain, if were going to deal with the debt problem thats facing america and i believe is like an elephant pressing dow...

Samuelson, its hysterical. obama do something about our entitlements e. says hes going to and then the republicans all cry, oh its not enough, he doesnt mean it. come on. the larger issue here is though republicans seem to procedure get who won the election and seem to not be paying attention to every public opinion poll since then. americans are not worried about the debt and deficit, they are worried about jobs. we have a short-term jobs problem, we have a long-term debt problem. you fix jobs,...

The left. >> we see, thats the thing. look, i think we really need to lower our voices, perhaps, negotiate in private and recognize the president has problems from left flank, the republicans from the right flank. but we all have to come together because these are american problems. theyre not democratic problems. it is not the presidents problem. it is all of our problems. if we can do immigration, we can do guns and we can do something about the burgeoning debt problem, the entitlement problem...

Stance. were not going to, what are we going to do? we cant ignore the situation because of the nuclear and ballistic capabilities. we cant hig it out with north further cree. not -- north korea. not we will have to open a dip late mat tick channel and address this behavior. the only way we want to do that is through china. we have so limited options here and china has to get on board with this. martha: all right. >> for whatever reason theyre not right now. and i think we need to do a better jo...