Page 68 - Debt Problem News Today

With these issues in serious way. i hope we dont wait for a showdown. this issue is too important. ig agree with secretary geithner, this is an important issue. we shouldnt wait until the last minute to deal with it, but im telling him and you and everyone who is watching that if all we do is raise the debt limb and dont start dealing with our long-term debt problem, its going to be a catastrophe. >> and what about you making those points as a national candidate? >> well, im focused on my job in...

>> any questions? [ inaudible ] >> i think the president heard us loud and clear. if were going to resolve our differences and do something meaningful, raising taxes will not be part of that. >> you also said that raising the debt ceiling wont happen without serious discussion. how do you reconcile that? >> weve made it clear to the president, and i think the presidents pretty serious about this as well, that weve got to take meaningful steps toward solving our long-term debt problem if, in fact...

Tax cuts expire, expecting to raise taxes on those who make $250,000 a year. carol costello with more. lots of responses. >> we did have a lot of responses. the answer to our debt problem. this from jean, yes, it sometimes feels like the greatest generation has given way to the greediest generation. instead of a call to sacrifice to support what are now three wars, we are going to go shopping and take your family to disney word. yes, we need to cut spending but we need to increase revenue. this ...

As year, to go back to the tax rates they were paying in the 1990s. >> that was during the campaign for president for barack obama. republicans didnt like the idea back then, and they sure dont like it now. >> you cant fix the problem that were facing by cuts alone. we know that. the challenge for us is how you grow the economy, and we dont believe you grow the economy through raising taxes. >> the white house prefers to call it shared prosperity and shared responsibility. like from some of thos...

Sure dont like it now. >> you cant fix the problem that were facing by cuts alone. we know that. the chalnge for u h you grow the economy. and we dont believe you grow the economy through raising taxes. >> the white house prefers to call it shared prosperity and shared responsibility like from some of those corporate ceos who arent exactly hurting. not that raising tacks on the rich will solve all of ecause econo say there arent enough wealthy people to generate the revenue we need. so the talkb...

[ inaudible ] >> i think the president heard us loud and clear. if were going to resolve our differences and do something meaningful, raising taxes will not be part of that. >> you said that raising the debt ceiling wont happen without serious -- how do you reconcile that by taking the leverage out of the equation? >> we made it clear to the president and i think the president is pretty serious about this as well that we have got to take meaningful steps towards solving our long-term debt proble...

Armageddon. the last thing youd want to play politics over. but tonight, keeping them honest, both sides are either doing just that, playing politics, or having played politics with it in the past are trying now to explain it away. lets start with president obama. heres white house spokesman jay carney this afternoon. >> we cannot play chicken with the economy in this way. its just too darn risky. it is not -- its not appropriate. >> too risky, not appropriate. yet heres senator obama on march 1...

Yet heres senator obama on march 16th, 2006 explaining why he was voting against raising the debt ceiling then. "washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. america has a debt problem and a failure of leadership. americans deserve better," he said. "i never intend to oppose the effort to increase americas debt limit." so thats 180 degrees opposite from his position now. and heres how spokesman robert gibbs explained when the question f...

Politics, or having played politics with it in the past are trying now to explain it away. lets start with president obama. heres white house spokesman jay carney this afternoon. >> we cannot play chicken with the economy in this way. its just too darn risky. its not -- it is not -- its not appropriate. >> too risky, not appropriate. yet heres senator obama on march 16th, 2006 explaining why he was voting against raising the debt ceiling then. "washington is shifting the burden of bad choices," ...

Want to play politics over. but tonight, keeping them honest, both sides are either doing just that, playing politics, or having played politics with it in the past are trying now to explain it away. lets start with president obama. heres white house spokesman jay carney this afternoon. >> we cannot play chicken with the economy in this way. its just too darn risky. its not -- it is not -- its not appropriate. >> too risky, not appropriate. yet heres senator obama on march 16th, 2006 explaining ...