Page 26 - Debt Problem News Today

Building schools and hospita hospitals. people are getting six-figure jobs that know nothing about the oil industry. >> thats a great point. what was the solution that the russians offered, give us the exploration rights to your natural gas and well fix the problem. we can fix our own problems, right. >> all america wants to do is get the resources which are ours, and if it went gung-ho for the oil and gas under our own territory, you could have 4, 5, 6% growth for the american economy and a lon...

Building schools and hospita hospitals. people are getting six-figure jobs that know nothing about the oil industry. >> thats a great point. what was the solution that the russians offered, give us the exploration rights to your natural gas and well fix the problem. we can fix our own problems, right. >> all america wants to do is get the resources which are ours, and if it went gung-ho for the oil and gas under our own territory, you could have 4, 5, 6% growth for the american economy and a lon...

Resistance from those in your own party. >> trats thats true. >> on the other hand, i would suggest thats a budget switch from like paul ryans for three years has failed but for three years is approved by virtually every single republican in the house. but are you discouraged at all at todays result? >> no, were quite encouraged because were gone up. weve actually picked up votes from over last year. but let me tell you though, martin, gallup recently issued a survey and found out that about 72%...

I want to do something in congress, those two things dont seem to go together. >> 47% is not a disaster for the president. but i think thats pretty much his level. i think 55% was unusually high and wasnt very sustainable. now its especially true that republicans are faring very poorly as well right now partly because republicans look divided. when you control the white house, then you control the narrative to some degree. when youre not controlling the white house, you dont dont have a unified ...

Do, that though is something that flies in the face of what a lot of economists and former president clinton say have to happen over the long term which is taxes need to go up on the middle class. >> the president has been questioned about fairness and saying if you look at sort of the way that dow is going, you look at sort of the incredible profits on corporations. theyre not paying their fair share. but to go back to the issue at hand, i really think the speaker -- >> how do you define fair, ...

Hand, i really think the speaker -- >> how do you define fair, cornell? if you tax 100%, you dont get rid of the debt problem. so what is fair? >> i think it is a visceral main street issue. when working americans are paying sort of more taxes than warren buffett, i think you get the sense that it not fair. when you have large corporations and big oil companies raking in huge profits and not paying taxes that, is not fair. >> if you look at the oil companies marginal tax rates, you would be shoc...

White house, you dont dont have a unified figure to rally around. necessarily, you focus on the divisions of opinion among republicans. so i think that theres very little the president can do because frankly 47% is roughly capturing the number of folks who reliably and support his agenda. >> unusual numbers. 47% obviously reminds me of somebody else. but cornell, let me ask you this. the president has been making a big stand saying, look, i havent been the spender that people have tried to portr...

Recognize being the party of austerity isnt working for them, theyre trying to move to something else, but cant figure out what something else might be. >> steve, you wont be surprised to realize some still think that we have an immediate debt crisis and those two people are sean hannity and rand paul. listen to this, happened a few minutes ago. >> the president says we dont have immediate debt crisis, john boehner and paul ryan confirm that. i find myself in disagreement. i think it is immediat...

Have immediate debt crisis, john boehner and paul ryan confirm that. i find myself in disagreement. i think it is immediate, a clear and present danger. >> he is flat out wrong. we have an immediate problem. its gathering storm. its going to be enormous. >> so steve, the debt crisis school of thought is now being moved to the republican fringe. >> we kind of, you know, in a way, sort of a back handed way, paul ryan confirmed last year and last couple years he didnt think we had immediate deficit...

People have tried to portray me as. we dont have a debt problem right now. he said this guy against him john boehner, but i just want to play something kind of indecreed thabl happened over the weekend. here is the president and here is john boehner. >> we dont have an immediate crisis in terms of debt. >> we do not have an immediate debt crisis. >> he just seed the moral high ground there? >> that is fairly amazing. by the way, democrats will be running that for a while now. i think it goes to ...