Page 2 - Deficit Cutting News Today

You can do it in the senate with obstruction. in boehners caucus, this guy must be lying, dont have the votes. we know he does. wont bring it to the floor. the bare majority, though they lost popularity in the house, works. we have systemic problems underlying it. what was most interesting about john boehners staements tement. he doesnt believe it. several as go. he said the opposite, not deficit cutting, it was obama care. the deficit has been cut by half, the president said today. >> lets go t...

Risk. melissa harris-perry is coming bernstein. up next. well see you here tomorrow at heather mcgee. 8:00. josh barrow. thanks for getting up. all business purchases. and lauri montgomery. josh, i guess the striking thing to me about what boehner said is you have this story in the "new york times" saying wall street investor class is saying austerity isnt working the deficit cutting in the last four years isnt working its harming the economy. if that wont move john boehner so you can capture yo...

To $4.5 trillion of deficit cutting to stabilize the debt to gdp ratio of the u.s. david is saying he thinks it needs to be well more than that because he believes that economic growth is going to be much worse than what the cbo or others have predicted. but if you take simpson-bowles that you need $4.5 trillion, weve done half of that already and this, if you passed it, would go more than what was in simpson-bowles. i think its at least a perfectly good starting point. >> david, what do you say...

First took over at the council of economic advisors. is it fair to say that this doesnt deal with this huge problem of public debt? >> no, i dont think thats fair. now, youve got to note, david is coming from a different place than what the debate between democrats and republicans are. so, when hes saying its just a pin on social security, you saw several republicans in congress come out and say it was an unconscionable attack on seniors. this partisan environment in washington that has prevente...

A way, this is who he has been all along. i think he rather find other ways to cut the deficit, but he is a person who campaigned on deficit cutting. and a lot of progressives didnt hear it. they didnt want to hear it or believe it. in 2008 he talked about it. his first month in the white house in 2009 he held a fiscally responsible summit. he said and he was deficit trimmer. does he want to change social security idea deally? >> no. does he think its necessary. he does. its not what progressive...

Disease. and that is the only thing i fear about this kumbahyah dinner, especially with u.s. senator johnson being there, who has a voracious appetite for nothing but deficit cutting and not at all being concerned about, you know, the welfare of people. >> terri, why did you vote against this? did it cut too deep in areas? your thoughts. >> i thought the arbitrary cuts for spending and giving cuts only to the military and milcon and defense was not something i could support. at the end of the da...

Start to react to airports being closed and to national monuments and museums. >> sure. >> and national parks being closed, people are going to begin to see the chaos that is being created by the republicans in all this manufactured budget stuff. >> i got to ask you, today the house passed a bill extending federal funding to keep the government operating past march 27th. now, all three of you voted no on this. gwen moore, what about that? >> oh, i can tell you that, you know, it was not honest b...

Sequester is not worse than the disease. and that is the only thing i fear about this kumbahyah dinner, especially with u.s. senator johnson being there, who has a voracious appetite for nothing but deficit cutting and not at all being concerned about, you know, the welfare of people. >> terri, why did you vote against this? did it cut too deep in areas? your thoughts. >> i thought the arbitrary cuts for spending and giving cuts only to the military and milcon and defense was not something i cou...

There, we talk about what it represents and the priorities of the president. and all of us relate to what that represents. but one congressman is bringing today nugent tonight. ted nugent who said in my judgment some of the most venomous stuff in the election. what signal does that send? >> ted nugent to be fair says hes going to demilitarize for tonight. whatever that means? >> how kind of him. >> here is a party that is still on the track of what bobby jindal, one of their rising stars, says i...

Bargain? >> well, it depends on whose math you subscibe tompt >> nonpartisan. >> the cvo has one and the white house has theirs . others say it adds 600 billion in revenue and cuts the deficit . >> no. you are subtracting the tax hikings. they took that into consideration. that didnt negate it? >> o&b calculates it differently in terps of what is deficit cutting and what is not. we have a serious fiscal problem. everybody understands that and in dealing with entitlements, the president acknowled...