Page 69 - Debt Problem News Today

Republican saxby chambliss and republican mark warner. here they are. >> the fact is that you cant settle the debt problem with reductions in discretionary spending. you cant solve it by attacking and reforming entitlements. you have to look at the revenue side, also. >> we have to recognize everything has to be enon the table. and if we have revenues, and we have entitlements and we have a deal with defense and discretionary spending, we have the makings of a grand bargain, and if we can start ...

That some of these cuts are coming from the most vulnerable in america. >> you were one of 28 republicans who thought john boehner was wrong in accepting this deal. why was he wrong? >> i understand that nobody gets everything they want, but i signed a pledge to america. that pledge said we would bring spending levels back to 2008 levels and we had to cut $100 million from our federal budget. i have in my hand this penny. we cut barely a penny. we have a major debt problem in our country. were $...

Enormous. people are recalling back in 2006 when barack obama was a senator from illinois. he didnt like the ground rules at that time. he said that america has a debt problem and a failure of leadership. americans deserve better. i therefore intend to oppose the effort to increase americas debt limit. now, thats what he said then. today the white house press secretary jake came out and said that the president regrets that decision to vote against the debt ceiling back in 2006. it was a mistake....

Number one about the fact that we think we can get it done. and secondly, that this group is committed to making sure that in a bipartisan way we address the issue. that in and of itself will give us a better opportunity than if we start at opposite ends and hope we meet in the middle. >> senator chambliss do you believe senate republicans will agree to a package that includes any sort of tax changes? >> well, the fact of the matter is that you cant solve this debt problem with just reductions i...

74 times. its often seen that no matter what party is in power, the debt ceiling is raised. if you dont raise it, theres chaos in the financial markets of not only this country, but the world. speaker boehner is wisely using this as a card to play with his conservative members as well as his general conservative conference that sees spending as a huge issue which they won on in 2010 and can win on in 2012 and will ultimately help the republicans electoral fortunes and they believe drive down the...

Eliminate it, get rid of these deficits and create jobs. we have to have jobs created in this country. 1.8 million jobs over the last 13 months is a good start, but we have to do something to double, if not triple that. i think we can if we can be adults. >> congressman let me ask you about the number one driver, i think all of us will agree, not only this table but everybody that comes through, the number one driver of debt in america is medicare, not medicaid, thats big but medicare is the num...

We have got to find a way to deal with this. the number one problem facing the country. thats why i, frankly, was disappointed that the obama administration didnt come with a budget proposal that dealt with this continuing growth of entitlement. we have to deal with that. somehow we have to find the political will to deal with that. >> do you think president obama has led enough on this issue? >> i would like to have seen him be more forceful in saying yes, were going to take care. were going to...

Deal with this. its the number one problem facing the country. thats why i, frankly, was disappointed that the obama administration didnt come with a budget proposal that dealt with this continuing growth of entitlement. we have to deal with that. somehow we have to find the political will to deal with that. >> do you think president obama has led enough on this issue? >> i would like to have seen him be more forceful in saying yes, were going to take care --were going to confront these problems...

The demagoguery. we have political process and dont fix the problems but we have a debt problem staring us in the face. >> do you think well see a cut from the past and its only two days ago? >> i do. i understand president obama will unveil a plan for systemic changes in our tax code and budgeting this week, hoping to address long-term drivers of debt. the republicans have come out already with a plan, again, thats not likely to be signed into law but a bold plan. both parties agree this is a p...

Solve the u.s. debt problem. this is just a step. an important step, but a step. >> all right. ed henry, we appreciate you this morning. thank you so much. >> you, too, t.j. the big budget deal. lets start off here it, calls for $38.5 billion in spending for the rest of the fiscal year. republicans originally called for $61 billion in cuts and democrats called that a little too much. one huge issue the two sides were fighting over was over funding for planned parenthood. republicans dropped th...