Page 82 - Debt Problem News Today

Latest updates on this topic.

Latest updates on this topic.

Influence of europe. i am not sure you can compare decades to each other, economically. >> you can certainly compare the naysayers in 1993 who said when we adopted the program, the economy was going to go into the tank and unemployment would go off the charts. none of that happened. we had a good economy. you are right, this is a different time, a different economy, which is why we are saying, everybodys $250,000 taxable income for everybody -- all 100% of us, it is first $250,000 wont see a tax...

150%, something like that in greece. a lot of people wondering is the united states heading down the path of greece. how close could we come? >> thats the exact right question. what does greece mean for us? we dont have the same competitiveness problem but if you look at this next chart we have a debt problem that is growing at a massive pace. and you can see here, that back in 2004, our debt to gdp was only 37%. was only about 37%. and then it started to rise and today, its 73%. and its rising,...

>> kimberly: it was perfect attendance. >> andrea: awards for everybody. >> greg: that is a sexist statement but a true statement. >> andrea: youre calling him out? >> bob: im not calling him out. >> kimberly: education america, people. substitute teacher coming your way. coming up, president obama blames republicans for the debt problem and says he is the one to fix it. >> greg: it takes a -- >> it takes a democrat to fix it after they have run up the tab. >> kimberly: who is the real big spend...

Medicare. he has been down this road before. is this different? >> no, its not. the details may be a little different but the thrust is exactly the same. go for short-term growth and long-term reform of entitlements. and use competition within medicare to lower prices and raise the quality of service. it is not that the different from the medicare from, medicare plan that he introduced about a year ago. bill: he argues the faster we go after the better off we will be? >> yes he does. bill: expla...

Latest updates on this topic.

Low growth, then you end up as a percentage in percentage terms of having a bigger debt problem than you would if you imagine to stimulate growth. >> do you think the republicans if they were in power right now would really be cutting spending right now? would they really be doing that at a time they are barely getting out of this recession? >> i know what theyd do. theyd reform entitlements which are killing the long-term -- >> thats not going to help us get out of this recession. >> think abou...

Adds to the debt by $11 trillion >> joining me is stuart varney from the fox business network and co-host of the five, dana perino. our country stands on the cliff. were on the verge of debt crisis. he puts forward a budget that doesnt deal with the debt problem, expands government spending, includes massive new taxes, senate hasnt put together a budget in over a 1,000 days. we learned that the presidents chief of staff doesnt know how many votes it takes to pass a budget. >> what a mess. thats ...

Adds to the debt by $11 trillion >> joining me is stuart varney from the fox business network and co-host of the five, dana perino. our country stands on the cliff. were on the verge of debt crisis. he puts forward a budget that doesnt deal with the debt problem, expands government spending, includes massive new taxes, senate hasnt put together a budget in over a 1,000 days. we learned that the presidents chief of staff doesnt know how many votes it takes to pass a budget. >> what a mess. thats ...