Page 30 - Debt Problem News Today

Appeal that they got a cynical crew of members of congress to stand on the refrain. it did stand on the big message. jobs. >> you can look at these words and look at the policies and pull them all out. the president is much closer to where the american people are than the republicans are on any one of those things. overall what the american people appreciate is a president who leads. that was a leadership speech. >> jonathan, it goes to a point, he brought up these individual issues. you will kn...

Obama presidency. the question is does he continue to talk about the far-left, liberal issues he did during the inauguration speech, or does he pivot to the economy? polls show voters want to hear about it, what is he going to do with the economy? youve had nancy pelosi over the weekend saying the fact that we have a spending and debt problem is a false argument. youve got him disbanding the jobs council. so im not optimistic, but it does appear that hes going to pivot to the economy now. at thi...

Tackle the long-term debt problem because these cuts expire in 10 years time. so you have -- of course, america has to deal with entitlement reform. youve got to spend less on your health care. but this sequester is not the route to doing it. this sequester is killing growth. >> can i ask you a question, mike, about -- you look at the flurry of activity. he has to deal with the budget, and they are moving forward on immigration reform and taking on the gun issue. this is where the outside game m...

Investing in the future. r&d, education, infrastructure. and whats more, it doesnt even tackle the long-term debt problem because these cuts expire in 10 years time. so you have -- of course, america has to deal with entitlement reform. youve got to spend less on your health care. but this sequester is not the route to doing it. this sequester is killing growth. >> can i ask you a question, mike, about -- you look at the flurry of activity. he has to deal with the budget, and they are moving for...

Either party. there is leak today that the president in the speech will talk about debt and deficit reduction because they saw the pew poll that shows this is what people care about. the polls show it. the public pegs this debt problem to the part of the reason why the economy is lagging yet the president ignores this. >> he never mentioned any of this in the inaugural. remember, it is not a spending problem? he never mentioned the economy and now the numbers are going down. >>gregg: i only have...

Recession. a growth declined in america in the last quarter. what america needs is an investment in the future, the kind of things that the sequester will cut are exactly the kinds of things that are an investment in the future -- r&d, education, infrastructure. and whats more, it doesnt even tackle the long-term debt problem because these cuts expire in ten years time. so, you have -- i mean, of course, america has to deal with entitlement reform. youve got to spend less on your health care. bu...

Hypocrisy on the budget noting the party only likes austerity when democrats are president. >> here is the dilemma. we do have a long-term debt problem, but that doesnt mean that austerity now is the right response. >> the former president also touched on policy. he urged the lawmakers to tackle immigration reform as soon as possible and encourage them to own obama care. >> we democrats own the health reform issue now for good or ill. we had it. we did it. and there is a lot of good things in th...

Hypocrisy on the budget noting the party only likes austerity when democrats are president. >> here is the dilemma. we do have a long-term debt problem, but that doesnt mean that austerity now is the right response. >> the former president also touched on policy. he urged the lawmakers to tackle immigration reform as soon as possible and encourage them to own obama care. >> we democrats own the health reform issue now for good or ill. we had it. we did it. and there is a lot of good things in th...

"new york times" columnist paul krugman is not a fan of the automatic budget cuts known as the sequester, and apparently bill clinton agrees. >> the debt problem canting solved right now by conventional austerity measures, and thats why paul krugman is right when he keeps talking about all these -- everybody thats tried austerity in a time of no growth has wound up cutting revenues even more than they cut spending because you just get into the downward spiral and drag the country back into reces...

Now what the report shows is okay. well, that added about $4.6 trillion cumulatively over the next ten years in debt. the debt service is going to be enormous. its crowding out everything. like you say, it will be at an all-time high -- or nearly an all-time high, more than 3% of national income pay just to service the public debt by the end of the decade. >> right. you talk about crowding out. >> by the way, more than not only defense but more than all of the civilian programs of our government...