Page 89 - Debt Problem News Today

Its what i mean. dealing with this debt problem and this deficit problem is far more important than meeting some artificial date created by the treasury secretary. >> abby, what is he talking about? why is this considered by him an artificial date? whats the objective? >> lots of republicans dont believe that august 2nd is a real date. they think that the treasury can go forward and do other things to extend that deadline. what the president is going to really emphasize today is thats not an art...

Hikes. they want to back the plan of shared sacrifice. >> we have to ask tow play their parted because we are all part of the same country. we are all in this together. pit things on the table that is important to me and democrats and i expect republican leaders to do the same. >> molly: the president argued in the press conference that the public is on his side in debate which is a call for spending cuts and tax hikes. >> gregg: republicans are saying look this is not at all the right fix. >> m...

Leadership failure. leadership means the buck stops here. washington is shifting the burden of bad choices on the backs of our children and ground children. america has a debt problem and failure of leadership. america deserves better. i will oppose the effort to increase americas debt limit. reaction? >> just incredible to me that a man who is talking about leadership. a man elected to be a great american leader, eric cantor is abdicating all responsibility. and saying im not willing to make a ...

World that we are serious about getting control of our debt? >> nobody believes the united states is going to walk away from its obligations. sean, when i said this is the moment and this is the opportunity, exactly what i mean. dealing with this debt problem and this deficit problem is far more important than meeting some artificial date created by the treasury secretary. we cannot miss this opportunity. if we want jobs to come to america, weve got to give american business people the confidenc...

May be compromised. that means that medicare has to bear a greater part of the burden. >> one thing that senate democrats and republicans may agree on is next weeks fourth of july recess. senate majority leader harry reid is considering canceling it following the presidents criticism. republicans said they favor stay information session to work on the debt problem. shannon? >> shannon: mike emanuel live at the white house. thank you, mike. well, president obama said today that the u.s. mission i...

Hannity he doesnt believe august 2 is a dodd-dead date for the ceiling. >> dealing with the debt problem and the deficit problem is far more important than meeting an artificial date created by the treasury secretary. >> reporter: but mr. obama insists tim geithners august 2 date is a serious deadline and he tried to avoid alarming the financial market so he compared congress to his daughters. >> malia and sasha generally finish their homework a day ahead of time. 13 and 10. it is impressive. >>...

But, of course, nothing is ever good enough for the republicans. whatever obama does, its going to be wrong and theyre going to say no. >> as you point out, theres an escalation here. when we heard boehner, a responsible man when hes doing what he believes is right, not what the tea party whats as right, he accepts his co-governance -- watch him here and mike pence who running for governor, joining the tea party and left the regular republicans party. talking about its the presidents problem we ...

Play their part because we are all part of the same country. were all in this together. so ive put things on the table that are important to me and to democrats and i expect republican leaders to do the same. >> the president contended in his press conference yesterday that the public is on his side in this debate, but his call for spending cuts and tax hikes. rick? >> rick: so thats the presidents plan. republicans said thats not the right idea though, right? >> republicans say the reason that ...

Debt problem is not because americans are not paying enough to taxes but washington spends too much. >> the situation is gotten worse. in the first two years in office. discretionary spending sky rocketed 84 percent including the failed stim tim with the spending reaching 25 percent of the nations out put. we havent seen spending that live since world war ii. >> they intend to require the government to cap spending and set a higher thres hold of votes needed to raise taxes. china issued a warnin...

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