Page 9 - Deficit Cutting News Today

>> hello, ed. >> i sense that this shutdown will be much more severe than the last one. do you agree with that? tell us why. what do you think? >> undoubtedly it will be more severe, ed, because all of the areas you just mentioned, people are more dependent on today. many of them because they dont have jobs, because they are dependent on social services that will be slowed down, or will not be available. the economy today is much worse than the economy was in 1995 in the last shutdown. so were f...

Labor secretary robert reich, professor of public policy at goldman school of public policy. professor, thanks for your time tonight. >> hello, ed. >> i sense that this shutdown will be much more severe than the last one. do you agree with that? tell us why. what do you think? >> undoubtedly it will be more severe, ed, because all of the areas you just mentioned, people are more dependent on today. many of them because they dont have jobs, because they are dependent on social services that will ...

>> if you were trying to drive a deficit cutting effort wouldnt you deal with revenue. >> they worked so hard to pass $800 billion in tax cuts and were fighting about $60 billion in cuts to money for babies. >> im not -- i cant indulge the absurdity that the republicans are any more interested in solving this than the democrats are when we have a massive revenue collapse driven by housing and unemployment that neither party is dealing with. what i dont understand what has to happen political hi ...

Our own nuclear fears? our joblessness. our housing crisis. well they are going on vacation. immediately after voting through a budget bill that kicks the can down the road yet again to keep the government running until april 8th the senate agreed to take ten days off. really? congress getting plenty of rest, the house worked only nine days in all of february. and 11 in january. and now, they are on another long break. of course lets not foreget the president jetting off tonight for a working va...

Robert, can you hear me? >> yes, i can hear you. i thought you were talking to patrick. look, its not the best situation. theres no question about it. but, again, when you take a look at this poll, its a pretty compassionate poll as to how the american people are thinking. >> emily? >> i do think that, you know, the issue of jobs is definitely on americanss minds. i think the poll also illustrated deficit cutting isnt necessarily the biggest issue for many americans. for many people its jobs and...

Hike. the market and the bond market wants at least three rate hikes. >> okay. lets move more generally to the issue of deficit cutting. looking across europe but focusing particularly on the countries that have struggled with debt and getting the deficits down, do we remain on track or do you have big worries about huge pressures coming from that area? >> from the euro zone, the worry that i have is that the situation with the debt uncertainty is now going beyond that of sovereign debt. it is a...

Immediate my own five minutes. >> cnn saying the tea partys become a major force in american politics so therefore hearing their perspective was something that would benefit viewers. what explains this media fixation with michele bachmann? >> i think you know, i as all journalists, love the fascination of waiting to see what she might say and that it might be newsy and over the top, but i think theres a serious point here, too, which is that she represents what is a broader story about the divis...

Friends and neighbors, seeing whats happened in your communities, weve still got a lot more work to do. my principal focus, number one focus is going to be making sure that we are competitive, that we are growing and we are creating jobs, not just now but well into the future. and thats what is going to be the main topic of the state of the union. >> dave, you mentioned earlier that you think listen for that word in the state of the union, the competitive -- competitive word. >> buzz word, baby....

Thats our challenge. >> that word right there, compete. that will be the buzz word. you may hear that 10 or 12 times. whats clear from washington outside outsiders, hell make that move to the middle even more clear tuesday night. even the third way thats a centrist group says theyre pleased by the direction this speech appears to be heading in. really confirming that move towards the center. >> all right. i predicted a different catch phrase for the state of the union. >> that is? >> responsible...

Why do any gay people ever vote republican? well ask the chairman from that conservative gay group tonight. and christine odonnell is firing back on the investigation into her use of campaign money. shes ripping vice president biden. and blasting melanie sloan for citizens in responsibility and ethics. melanie joins me tonight for an exclusive interview. but we start today with a warning about whats coming next year. i hope the president recognizes what im about to say and fights on our side...