Page 37 - Debt Problem News Today

Not using this tax revenue to pay down debt. this is a wide disagreement. >> greta: in the first one 800 revenues 80 billion dollars a year, we could go to the study and find 80 billion dollars each year of waste that no one in his right mind wants to pay for that would easily meet that revenue demand. no one looks for waste. it is bizarre. we got money that we should at least figure out what we really need. >> i couldnt agree more. i really believe, deeply, that every cabinet member needs to be...

Rice mentally inferior, which he never did. i said, well, when did she say this -- jon: im sorry to cut you off, but we have some breaking news. john boehner, the speaker of the house is speaking out now about the fiscal cliff, lets listen in. >> the bigger problem here, which is our national deficit and our national debt. this debt doesnt exist because we dont tax small businesses enough, it exists because washington continues to spend too much. and raising taxes on small businesses instead of ...

Filibuster theres a quorum call and you have to get a quorum assembled in the senate. people dont realize getting 51 senators on the floor is difficult logistically. >> i will take a break from this discussion of dysfunctional congress to go over to house speaker john boehner who is delivering his rebuttal to president obamas pennsylvania speech. let us listen in. >> little to nothing to solve the bigger problem here, which is our national deficit and our national debt. this debt doesnt exist be...

Year are job creators? i think that -- >> greta: to pay for eight days, the risk of getting eight days of funding, or ten, is it worth the risk that it might hurt the job creation? >> i think the data shows it over ten, that the engine of the economy is the middle class. if we keep the rates the same, cut their payroll taxes, if we give incentives to grow the economy, well be better off. i think a lot of people with tremendous wealth that understand we have not only a deficit but a long-term deb...

Putting on the table any reductions in spending or entitlements. and i think we all know, whether youre a democrat, republican, independent we have to start chopping these programs and reforming them or we will surrender to an ocean of debt. jenna: when does that moment of reckoning come? is it here now? thats the big question? >> i dont think its here now. i think the window is khroeusing and i think there is a lot of frustration that we cant seem to come to an agreement. just one example, jenn...

>> goes further to fix the debt crisis. >> the argument is simply, hey, take that issue off the table politically youre letting the president hammer the republicans, if you will, hammer you on looking like youre protecting the top 2% them you can have the real debate you want to have. >> what was the president talking about during the campaign? a balanced approach and that balanced approach to fix this trillion dollar deficit was one way to reduce spending, fix entitlements and raise revenue and...

Tonight, economically crippled country is getting another infusion of the bail-out money. senior foreign affairs correspondent amy kellogg has the story from london. >> they were peaceful but this was a protest. these greeks weary of seeing tensions shrink -- pensions shrink and jobs grow were not happy about the decision to grant them more in bail-out money. they know the feet will be held ever closer to the austerity fire. >> the long installment is not for the workers or the people. but the b...

Cut some deductions how much money do you bring in? you cant tell until you know which deductions will be cut and by how much. you do know if you raise tax rates on upper income earners, you will bring in 82 ball a year. that is only -- $82 billion. that is 10 weeks interest on the national debt. raising tax rates does not address the debt problem. we dont know how much we address the deficit problem by closing loopholes. impasse. martha: well see where that goes. stuart, thanks very much. well ...

>> rick: i know, i know, we know democrats want to cut military spending, take me where democrats would and should be willing to cut? >> there are a number of things across the table that -- its not just about cutting with an ax, its sort of going in with a scalpel and removing inefficiencies. >> think of it if your family had a debt problem. the credit cards are up. you want to find ways that you can reduce things, spending on things you dont necessarily need and you need to also lets focus on ...

Boss would tell us theres no fiscal cliff. we dont have a debt problem. we only owe about 16 trillion dollars thats what our debt is, surely we can pay that off, well just ask every american to write a big fat check for about $60,000 a piece. would you write yours and send it. if you are dumb enough to do it, send it to me, dont send it to the government. id be delighted to have it. mr. trumka ought to be talking to some of the people in the union that would not budge with the hostess baking com...