Page 92 - Debt Problem News Today

You have to go through the difficult political decision. it is easier to give away money than it is to take it away. >> greta: coming up, the debt is rapidly spiraling out of control. congressman paul ryan tells you what we need to do right now. he has a timeline by which we he must make changes and face austerity. they say they have the answer. the two men chosen by president obama himself to tackle the debt problem. they have a plan to fix the pry crisis and the solution it painful but at leas...

As well this is from michael moore. he says we are not broke theres a ton of cash this country, trillions. weve allowed the vast majority of that cash to be concentrated in the hands of just a few. he goes on to say, thats not fair thats a national resource. that is ours! jonathan you his call to redistribute wealth is going to make the debt problem even worse, how so? >> it makes the debt problem worse it makes the country worse. what moore is describing once again is communism. a society in wh...

>> no it means wed offer amendments related to spending and debt. we think thats what we ought to be talk about. you can offer metals unrelated to the bill and we intend to do that. >> chris: you wouldnt filibuster that bill. >> if its a bill thats got merit, theres no reason to keep it from going forward but we would try to add on measures we think address the problems of spending and debt. >> chris: understood. the government will reach its debt limit sometime in april or may and this week you...

It is only going to go through two weeks. >> we have a spending and debt problem. first we have to solve the spending problem. that means getting our arms around the discretionary side that 1/3 of the budget that funds the government and keeps all the agencies going. anyone in about four to six weeks well begin to deal with next years budget. we have to focus in on that 2/3 of the budget that is driving the deficit and the debt to the levels that we see. i said four months. we need d -- it is ti...

It is only going to go through two weeks. >> we have a spending and debt problem. first we have to solve the spending problem. that means getting our arms around the discretionary side that 1/3 of the budget that funds the government and keeps all the agencies going. anyone in about four to six weeks well begin to deal with next years budget. we have to focus in on that 2/3 of the budget that is driving the deficit and the debt to the levels that we see. i said four months. we need d -- it is ti...

Be rescued and talking about how we want to rebuild our house when we get home. the main point is we have to get the economy back on its feet. thats why we have huge deficits. thats really not a mystery. the deficit in 2007 was bigger than it should have been, but that was less than 1% gdp. the deficit exploded not because we went on a spending spree, it exploded because the economy collapsed. >> two things were talking about here, the deficit which is the shortfall between what the government b...

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 often years. 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 i ...

Reduce the decifit. only 400 million off the decifit in ten years. that doesnt approach the magnitude of our debt problem. also, that freeze only applies to less than a quarter of the overall budget. so that spending freeze is rather bland, compared to the overall problem that we face in terms of debt and spending levels. bill: speaking of the debt, the debt commission that was appointed by this president, not mentioned last night. how do you appoint a panel and get conclusions and ignore it? >>...

Some of the independent voters the democrats lost a couple of months ago. >> on the topic of the budget deficit, the president did outline some spending freezes. a five-year freeze and vowed to veto any bill that had earmarks and got a standing ovation from john mccain over that one. when are we going to hear more detail about the planned attack on the deficit? >> reporter: thats the big question. in the presidents defense hes basically saying this is a down payment and that basically that five-...

American greatness based on the individual american, not on the government. >> here we go again. both sides do this, you know. youre a god if you dont this. you are in you do. >> scare tactics going on. this week, there was an advertisement, tv ad released by the liberal group going after senator lindsay graham because he suggested raising the retirement age for social security to deal with our long-term debt problem. here is a woman from south carolina who is 59 who is talking about her torn ro...