Page 73 - Debt Problem News Today

Government spends and the accumulation of all of those deficits, plus the interest, which is the national debt. i think thats more the problem. dean, is it not than just a few years would the of deficits? >> well, i really think the debt problem in there, is somewhat separate issues. but the debt problem is also overplayed. theres no reason that the federal reserve board cant buy and hold. it cant continue to hold a lot of that. japans central bank has done that lots of problems with japan. but ...

They can retire. >> if neither of the budgets proposed out there solves the debt problem, how is this going to be resolved? are we just going to keep kicking the can down the road? >> well keep kicking the can down the road until people think we have a grease-like situation. coming up at the end of april, early may well have the debt ceiling problem. the government will be about to borrow more money than its legally allowed to that will create a real debate which could bring in entitlements beca...

With budget negotiations about the differences the tea party element inside the republican party may be pushing the republican party off a cliff. 70% of the american people think a government shutdown would be a bad idea. the republican budget is proposing things like cutting money for food inspections, cutting money for cops on the beat. the fact of the matter is if the government were to shut down, what you would see veterans would stop getting benefits, people might stop getting social securi...

We have like a lot of families, like some families might have, debt on their credit card, with interest rates that have to be contended with. but the first important step to dealing with this issue is getting your regular spending and income in balance so that youre no longer adding to the problem. the interest is something we have to deal with and interest payments are a major portion of our long-term debt problem that we need to address. but, look. it is not an inconsequential deal to propose ...

Families might have, debt on their credit card with interest rates that have to be contended with. but the first important step to dealing with this issue is getting your regular spending and income in balance so youre no longer adding to the problem. the interest is something we have to deal with. and interest payments are a major portion of our long-term debt problem that we need to address. but -- look, it is not an inc inconsequential deal to propose a budge net targeted areas so the federal...

And spending through tax breaks and loopholes. so what weve done here is make a down payment. >> welcome back to "hardball". that was president obama selling his budget plan up in baltimore. it projects $1.1 trillion in savings over the next ten year, but doesnt go after the entitleme entitlements. jack lew is the presidents budget director. i have a sense watching you, knowing you are an expert this is the beginning of a discussion in this country that its going to go on in the next months and ...

A down payment. >> welcome back to "hardball". that was president obama selling his budget plan up in baltimore. it projects $1.1 trillion in savings over the next ten year, but doesnt go after the entitlements. jack lew is the presidents budget director. i have a sense watching you, knowing you are an expert this is the beginning of a discussion in this country that its going to go on in the next months and years to try to find a bipartisan way to try to deal with the long term debt problem. am...

Efforts to bring democracy back to his nation. in egypt, mean while the military is dismantling the makeshift tent cities to sprung up in tahrir square and some are refusing to leave and are calling on the army to institute democratic reforms. and, president obama set to propose the 2012 budget tomorrow. the plan reportedly calls for more than 1 trillion dollars in deficit reduction efforts over the next decade, and critics say that will not even come close to solving americas debt problem. ♪ ...

Are scow far apart. republicans want to cut 100 billion and the president 775 million. >> it is silly. of course it is silly it is stupid if you want to know. of course the president wants to do this and republicans say we want to do it. they will never get there. another thing for the media to talk about. depret gret american people want the spending cuts. >> they do in abstract. but the huge concern about the deficit and long-term debt problem. but the appetite to make the cuts and raise taxs ...

Guys lose to these folks? youre right, there are local communities all throughout this country who are incredibly hurt and they say lets not address them, lets cut them. and lets give tax breaks to the very richest people in the country. i dont understand how the democratic party loses to that platform. >> trillions of dollars. the american people were so upset over just what you said -- jobs. they want jobs, they want this country to thrive. theyre upset about the debt. they have a right to be ...