Page 74 - Debt Problem News Today

Capitol hill. senator, lets start right. there you know, the president did call for a ban on earmarks. he did say he would veto any legislation that had them in it. as a senator he had some earmarks. is that proof to you that, yes, there will be big part san fights, but on some things there can be adult, grown-up conversations and agreements? >> yeah, to a certain extent. i think the election is really resonating. people in washington did listen and watched the results of the election in novembe...

Sessions clammed the president. >> as the debt rises, relative to size of the economy, so does the burden on the economy on american citizens of making the payments on that debt. rising debt payments can start to snowball in a way that can make the debt rise faster and faster. megyn: just ahead, well speak with our panel about who is and who is not leading the way on tackling this debt problem. you see the crisis in egypt escalating moment by moment today. why exactly do american citizens need t...

Spurs, thats what government needs to do. but the problem is is, you know, were spending $3.6 trillion a year. our deficit has just been re-released by the cbo, itll be $1.5 trillion this year. weve got a very serious spending and debt problem. we need to address that. government cant be spending money on everything it wants to spend money on. >> is that the line for you, priorities line and do you see a way to draw that line that keeps some of the presidents investment or new spending agenda if...

Adapted progressive agenda. >> im going to wait and see what he says. ive seen reports about a nondefense discretionary freeze for five years. our population isnt freezing. the number of hungry children isnt freezing. the amount much fund we need for these programs isnt freezing. >> what would you do for the long term debt problem. >> we need to end war in afghanistan. were spending an enormous amount of money in iraq. theres a reason why we have more debt. when more people are unemployed, more ...

The election if the president as h. has opportunity to win people back shall we know his poll numbers are going up and there do seem to be early signs in the economy that its getting better. >> the president also paces some strong headwinds that 66% of those that they polled feel that the country is going in the wrong direction. so the presidents state of the union speech tomorrow night is a chance to frame the direction that he wants to take this country. and i would say that if he goes the rou...

Conservative one that cuts spending and cuts debt. >> erin, death is what the business community wants to hear tackled. >> they want debt in focus. we do have a debt problem. we know that. one thing that doesnt get talked about that when we are feeling bad about ourselves compared to china and even with the financial crisis, $63 trillion are assets. debt is 13.5 trillion. were a wealthy country. we can deal with the big three. social security, medicare, defense. we have to put a plan out there. ...

Fundamentals of our competitiveness. there are other elements of the agenda on corporate tax reform and regulatory reform and free trade that does create more conflict with the republican party but at the core its a vision of a role of government creating the conditions of prosperity almost abraham linco lincolnesk thats a big problem from where paul ryan or eric cantor would end up. >> you can cloak an increase of spending and competitiveness agenda but you cant win the future when we drown in ...

Trade that does take him closer to the republican party and creates more conflict with the republican party but at the core its a vision of a role of government creating the conditions of prosperity. its almost wigesque or abraham lincolnesque thats a big problem from where paul ryan or eric cantor would end up. >> you can cloak an increase of spending and competitiveness agenda but you cant win the future when were drowning in debt, particularly when our biggest competitor is the banker and per...

Businesses in line. lower taxes, lighter regulation and less government spending. the exact opposite of policies now in place. >> bret: what do you think the likelihood is this administration will heed to the debt commission. >> it doesnt report until fall and the political landscape may look different indeed. big majorities that the democrats have enjoyed might be gone. the challenge he may not is not social spending or further such entitlement programs but tackling perhaps this debt problem. i...

You know, sovereign concerns reflected in credit rating agency concerns, but also concerns from international -- corporate international investment. also, theres a domestic angle to this. british consumer confidence and british business confidence, you know, i think had this black cloud hanging over it, which is we know tlds this huge debt problem, we know theres this huge deficit problem and there was a bit of a drum roll, at some point its got to be dealt with. i wanted to say this is the plan...