Page 51 - Debt Problem News Today

Year ago, and they are clashing with really some of the folks frankly to my left. >> where are you -- i know that youve worked on this -- on this bipartisan bill on defense ear marks, but where are you on the sequester, this idea that the agreement never came up with and now theres all this chatter that somehow the defense cuts that have been proposed will get restored in another way. would you ever support any version of that? >> i think its a good way to drive our approval rating to zero if we...

We probably are going to need more taxes on everybody at some point, and not just the rich. that debt problem is big. >> here is the one that i hear most of all if i am talking about this with people, the money would go to questionable causes, waste and misspent and mismanagement? >> the government has a bad reputation. many people think 50% of all tax dollars are wasted, and i dont think its that high but others do. and they have more confidence in state and local government. we have seen incre...

rate has fallen to 8.6%. thats the lowest rate in nearly three years. christine romans back with us in new york now. so, christine, what a marked improvement. 120,000 jobs added in november, where are we seeing the most growth here? >> we had the last two months here res have hire, as well. many more jobs created in september and october than we thought. the growth were seeing is in the retail industry, no surprise there. 50,000 jobs created in the retail industry and half of those wer...

Since march 09. now up 7% year-over-year. bill: analysts saying a short-term fix is not the answer. leaders need to come up with a long-term solution with a massive debt problem that hits the entire continent of europe. stuart varney is with us. good morning. where do you want to start on this, stuart. >> yesterday europe rode to the rescue a short-term fix for europes credit crunch. have not fixed in any way europe hes debt mess. two things are needed pretty soon. europe has to come up with its...

Way that makes sense, a way that still serves the people who need those programs. but until we address the big entitlemen entitlements, were not going to solve our long-term deficit and debt problem. >> okay, toomey, hit the gym. >> ill do it. >> youve got an example -- >> i know. >> she lashed out at me for my lifestyle. >> of course i like both -- >> those are two likeable people. >> you know whats fascinating, you like both of those people, but i can guarantee, neither one like you. >> thats ...

a sign of better times ahead or just, i dont know, one feel good day for investors? >> it is a very big feel-good day. 490 points. we were talking about this yesterday morning. we havent seen a big move like that in 2 1/2 years but we have concerns here and as i pointed out to you yesterday, that was a defensive move by the world central banks to make sure that the oxygen is still flowing to the european financial system and to the capital markets. so, because of big danger signals ove...

>> john: what can we do? there is another country not far from here that figured that out. just a few hundred miles north. canada, the country of cline, hockey and logging. when i thought of canada i talk about big government, government healthcare and all that. in fact big 90s, finance minister said we are in debt up to our eyeballs. their debt level was just a as bad. almost 70% of their economy. >> just as much debt, that is correct. >> but they fixed it? >> they fixed it. >> john: he is a ca...

>> john: what can we do? there is another country not far from here that figured that out. just a few hundred miles north. canada, the country of cline, hockey and logging. when i thought of canada i talk about big government, government healthcare and all that. in fact big 90s, finance minister said we are in debt up to our eyeballs. their debt level was just a as bad. almost 70% of their economy. >> just as much debt, that is correct. >> but they fixed it? >> they fixed it. >> john: he is a ca...

and good morning, this is your "a.m. wake-up call" for monday, november 28th from the time warner center in new york city, im christine romanss, here are the mornings top stories. the syracuse child sex abuse. the university fired bernie fine. fired him after a new phone conversation surfaced between allegedly the accuser and fines wife. that conversation revealing that mrs. fine was worried about the sex abuse allegations and also that she had a sexual relationship with the accuser, a...

>> law makers are pushing to eliminate bag fees. you think grounding bag feas will leave fliers holding the bag. >> it is not like we are not covering the bill. ticket prices will go up and the airlines will recoup it the government needs to get out of the heck of the air lines and focus on the debt? we have a debt problem that is the first concern. >> wayne should the government tell the airlines what not to charge? >> no, the government shouldnt tell anybody to charge anything. when the govern...