Page 38 - Debt Problem News Today

This is amazing that a union boss would actually tell us theres no fiscal cliff. we dont have a debt problem. we only owe about 16 trillion dollars and thats what our debt is and surely, we can just pay that off cause well just ask every american to write a big ole fat check for about $60,000 apiece. would you go ahead and write yours and send it and if youre dumb enough to do it would you send it to me, dont even send it to the government. id be delighted to have it. by the way, mr. trumka ough...

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...

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...

Held his fourth and final meetings with stakeholders, civic leaders, and members of civic organizations. marc morial is president of the urban league, he was at the afternoon meeting as was aaron smith is cofounder of a group called young invincibles dedicated to ensuring that young peoples perspectives are accounted for in policy and economic opportunity, education, and health care issues. thank you both. i want to start with mark more yell. what can we do about this debt problem? its growing. ...

This afternoon the president held his fourth and final meetings with stakeholders, civic leaders, and members of civic organizations. marc morial is president of the urban league, he was at the afternoon meeting as was aaron smith is cofoirnd of a group called young invincibles dedicated to ensuring that young peoples perspectives are accounted for in policy and economic opportunity, education, and health care issues. thank you both. i want to start with mark more yell. what can we do about this...

Dont have a debt problem dragging on our economy right now but if were looking at freeing up investment, freeing up hiring over the medium and long terms, absolutely the markets would love that. >> i think, also, the biggest negative domestically generated is the perpetual fights of brinksmanship, government shutdown, debt ceiling. a grand bargain that if it did nothing else put off those types of fights for the foreseeable future would be a huge confidence builder. you would see the market rall...

You are began league and aaron smith is co-funder of a group called noninvincibles dedicated to ensuring that young peoples perspectives are accounted for in policy and economic opportunity, education, and health care issues. thank you both. i want to start with mayor morel. what can we do about this debt problem? its growing. do you accept the fact its a serious threat to our country? >> yeah. the deficit is a serious threat. we need a lone-term fiscal plan, not a short-term fix. the idea is th...

Spending next year is going to hurt the economy is exactly wrong. what the economy needs actually right now is to shrink the public sector to grow the private sector. gregg: doug, to steves point on that public, even if you increase taxes on those households earning more than $250,000 you probably saw the report by the joint committee on taxation, i mean they said that is only going to decrease the $1.1 trillion deficit by 7%. i mean that is really not much. >> that is absolutely right. again, r...

Ready to compromise. and business leaders are now saying were ready to fix the debt problem. i want business leaders to start a campaign that says im ready for the president to raise my taxes. thats where they could have some real influence with the republican party i think. so when business leaders get ready to say that, i think compromise a fair and balanced compromise could be close. >> well, we didnt want business leaders to have that campaign in quiet rooms. congresswoman, cynthia, thank yo...

As it turns out, they had none. and what republicans were proposing was a pro-growth tax cut, actually several of them. and now, of course, president obama is now talking about having one again in his second term. he didnt get that in his first term, and he he rejected it, and weve had slow growth and a pretty anemic recovery. hes now promising to really reduce health care costs which his obamacare plan did not do. instead obamacare really had put a damper on hiring and job creation. if he hadnt...