Page 34 - Debt Problem News Today

Boehner respond? >> i really do like doug but i think he what he is saying is little bit ridiculous. house republicans have acted. there is no reason for them to bring everybody back to d.c. because there is still legislation pending in the senate that cant be brought up. i think next few days, what we should be watching for is leadership from president obama, some leadership from harry reid in the senate and i think maybe we can work a deal out. with doug everyone share as little bit of the bla...

Over 250. and you do the math and its been done by all kinds of economists and cbo. >> many people voted for that. gregg: comes to $800 billion mark. so suddenly the presidents reelected and immediately doubles it, now i want 1.6 trillion. >> psych, sorry. well change rules because i won. crossing my fingers behind my back. changed the rules. gregg: go ahead, mark. how do you figure that the president, you know, said i want 800 billion. now all of sudden i want twice that much. >> the president ...

Created as a last-ditch efforts, to force congress to deal with the debt problem and in theory, congress and president obama could say no to the fiscal cliff by extending all the tax cuts an overturning the automatic spending reductions incurrent law. what about that scenario? >> i think that is right. and frankly is probably what theyll do. look at the timeframe congress has left, i think, at the beginning, you said, it is nine or ten days and it is really four by the time they get back on the ...

But we only run the house. the democrats continue to run washington. what the president has proposed so far simply wont do anything to solve our spending problem. he wants more spending, and more tax hikes that will hurt our economy. and he simply wont deal honestly with entitlement reform and the big issues that are facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave the way for long-term growth and real growth in jobs in our ...

Cantor talking about this plan b that speaker boehner has put forward today or yesterday. house republicans are gearing up to push that vote through and, as we approach the fiscal cliff were getting word from the senate and the white house that this plan is really a nonstarter. all sides are digging in their heels and were now less than two weeks away from this automatic tax hikes and spending cuts. but lets pause from the back and forth, the play-by-play. is anyone, anywhere, really addressing ...

So-called fiscal cliff negotiations. the deal on the table is smal smaller. yet the president wednesday said the republicans should be pleased with the spending cuts they would be getting to sign off to. >> its a deal. they will claim they worked with me in the last years to reduce the deficit more than any other deficit reduction package. we will have stabilize it for ten years. that is significant achievement for them. they should be proud of it. >> clearly theyre not. we are going to the debt...

Age which many people think is reasonable, not to raise it right now but down the road which echoes the paul ryan plan as one of his elements, raise the rate for folks under 55 right now, not even a compromise on that yet, steve. >> i think this is the fundamental problem. whatever we see come out of these fiscal cliff negotiations its almost certain not to get to the heart of the real problem. the drivers of our debt are entitlements, we are talking about spending 60% of our budget on entitleme...

>> no, it is not. youre guaranteed much higher deficits continuing into the future, at least a trillion dollars a year. greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since fridays massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. t...

Solve this problem by getting the spending lien down. the president wants to pretend that spending isnt the problem. thats why we dont have an agreement. the chart depicts what ive been saying for a long time now. washington has a spending problem. they cant be fixed with tax increases alone. the right answer is to start cutting spending, addressing our debt, and paving the way for long-term economic growth. unfortunately the white house is so unserious about cutting spending it a pierce willing...

While the president promised the american people a balanced approach hess proposals have been anything but. he wants far more in tax hikes than in spending cuts. instead of beginning to solve our debt problem he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. thats clear the president is just not serious about cutting spending, but spending is the problem. how big of a problem? look at this chart put together by paul ryan and the...