Page 12 - Debt Problems News Today

The area that hasnt improved is government debt. thats where we get into economic policy questions. what have congress and the white house done to prepare. this gets to the point you were making a moment ago. what has the government done to build up a cushion on their own balance sheet, and the answer to that question is nothing. they have not addressed the long-term debt problems the government faces. jenna: you mentioned the obama economy, but both parties have that issue. whos coming out ther...

From infrastructure education, basic r and d. looking at worker retraining to help our orchestrate force become more competitive is a piece of this. wages wont go up unless our workers are more productive. i think they can be. we need to look -- shes talked about this -- to go away from the short termism and capitalism to longer. deal with our debt problems and we need a comprehensive economic plan. i look forward to hearing the specifics. >> she will talk about make being sure corporations thin...

To make so youre not forced toby markets or creditors when things are difficult. i think for many countries that are facing debt problems of their own again not close to where greece is but on bad paths, this is the lesson of what you dont want to have happening because theres so much more unnecessary suffering when you make those reforms. >> just to be clear greece owes $355 billion. that they would love is debt forgiveness they dont have to pay the bills. the eurozone creditors cant do that be...

If greek goetz out of the eurozone, thats not going to be good because of what could happen in italy portugal, spain, other countries with debt problems and then you have a real problem throughout europe with the eu. >> what does that do to our market? >> i dont think it would be pretty. i think there would be a big selloff. i think -- look, i dont move my money in times like this. i sit pat. im diversified so i dont worry about it. but i know a lot of people will, and they might make choices th...

Because they spent the last five years, not because of greece but any potential dislocation putting in place policies and structures and robustness. they have been planning so markets are not roiled by certain events. we heard yesterday in the market was people are more concerned in many ways by puerto ricos debt problems and by chinas markets and what is happening over there. greece is a side show unless and until, it effects the eurozone economy. >> a side show for everyone but greek citizens ...

Back with our coverage of the deliberate downing of germanwings flight 9525. we go back to the staging area near the site of the crash in france with nbcs claudio lavanga. what can you tell us? >> reporter: well weve just heard that the german investigators are looking into what really drove this young man, a 28-year-old, who always had dreams of flying. he did establish that dream. to smash that plane against a mountain with 149 other people on board. theyre looking at potentially family motive...

To be reunited, finally, with his family. afghans lined up in their country today to vote in the second round of the presidential runoff elections. many women are braving the tight security to cast their ballots, make sure their voices are heard. they account for 36% of the total turnout in that country. the two candidates are both vowsing to improve relations with the west and forced to confront a taliban insurgency and preside over the withdraw of the most of the allied forces. college gra...

Senators and friends and said, it was a great deal for the united states and did it because he knew napoleon was about to change his mind. so he finally did it, the right thing to do, but philosophically he struggled with the idea of if he had the power to do it. really amazing. >> and getting us support in new orleans. the university of virginia, he was obsessive about the university of virginia. just about every detail, right? >> he was. the building, the construction, the architecture and cou...

Following the news, our deficits are getting smaller. they have been cut in half since i took office. all right? so -- so that gives us room to fix longer-term debt problems without sticking it to your generation. we dont have to choose between growth and fiscal responsibility. weve got to do both. and the question cant just be how much more we can cut. it got to be how many more schools like p-tech we can create. that should be our priority. you know, after the manufactured crises that congress...

The debt problems we have now are long term and we can address them without short changing our kids or short changing our grandkids or weakening the security that current generations have earned from their hard work. so thats number one. number two, we should finish fixing the job of -- let me say that again, number two, we should finish the job of fixing our broken immigration system. theres already a broad coalition across america thats behind this effort of comprehensive immigration reform fr...