Page 27 - Debt Problem News Today

Administration to follow up on. >> well, but it fits in with what the president wants which is to give more tax relief to the middle class. i simply have to say as i always 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 ...

Big cities. on the other hand, second and third-tier towns have a different problem. here, supply exceeds demand. too many houses. look at these pictures of ghost towns in china. you can see building after building, mall after mall, but no people to live in them. essentially, china has a two-speed property market. one is booming and the other is languishing. you might say china has a property bubble, but not a big deal. they dont have the kind of mortgage and credit card problems that americans ...

No people to live in them. essentially, china has a two-speed property market. one is booming and the other is languishing. they dont have the kind of mortgage and credit card problems that americans had in 2007. it was our debt that caused the problem. and the chinese national government is suddenly doing fine. the consumer is doing fine. but there are those who say china actually has a huge hidden debt problem. according to morgan stanley, chinas total public and private debt has soared to mor...

Understand we need to get this under control and we have time to do that. by the way, there is a difference between saying the senate democratic budget calling for spending that is true . saying it will not attack the deficit or debt problem that is not true. they project it will reduce. i dont think we are as far apart as we on the show. the democrats and republicans in congress, are far aparent. congressman ryan budget. >> how does he know that you know what doesnt hit the fan. hes saying 10 y...

We need to look at his actions and when something is important to him, we know what he does, he go out and barn-storms and he hasnt typically done that with the deficit. the last couple of years, for example. whatever he says about it, it doesnt seem to be a high priority and like, there are democrats who care about this. their way a new democratic group, very concerned about it. they do think its something that the president needs to address. >> here is a question related to that. you heard dan...

We need to look at his actions and when something is important to him, we know what he does, he go out and barn-storms and he hasnt typically done that with the deficit. the last couple of years, for example. whatever he says about it, it doesnt seem to be a high priority and like, there are democrats who care about this. their way a new democratic group, very concerned about it. they do think its something that the president needs to address. >> here is a question related to that. you heard dan...

Discipline and rapid economic growth. there is no tax increase in the world that will solve our long-term debt problem. as soon as im done speaking, ill tell you what the criticism on the left is going to be. number one, he drank too much water. number two, that he didnt offer any new ideas. and theres the fallacy of it. we dont need a new idea. there is an idea. the idea is called america, and it still works. now, i was told i got ten measly minutes. but just in case, i bought 13 hours worth of...

To supporters about the outreach. >> over the last several weeks, the president in washington has been reporting about obamas charm offensive. the truth, all im doing is calling up folks and trying to see if we can break through some of the -- some of the gobbledegook of our politics here. >> we have republican senator of wyoming, john borrasso. nice to see you. thank you for being back us with. >> nice to be here today. >> it was interesting to listen to speaker boehners assessment. he sort of ...

Get $84,000 --. martha: drum an a drum all day. bill: $84,000 internship at nasa. sign the daughter up. lizzie is coming your ways, guy. another big meeting on the hill happens today. president obama meets with senate republicans after a day he met with house leaders. what speaker boehner says they gained in that meeting. have a listen. >> republicans want to balance the budget. the president doesnt. republicans want to solve our long-term debt problem. the president doesnt.

They were privately very frustrated with president obama. he didnt reach out to them. and so now hes doing both on the house and the senate, democrats and republicans, but they still have major policy differences. this is the beginning of a process, we have a major debt problem, and the president knows it, and hes going to -- he wants congress to raise the debt limit, hes going to have to get deals over the next several months or well have another showdown come summertime. jon: the president say...