Page 3 - Deficit Financing News Today

where the only way out is by chopper or boat. and some folks in some areas in vermont are frankly strand asked have been since the storm on sunday. near paterson, inning, the passaic river is 18 feet deep. theyve been evacuating people from here all day. and just down the river in wallington borough, evacuations went out at 6:00 p.m. eastern time. rescuers have been busy pulling 34 people to safety in paterson, new jersey. 14 kids among them. three dogs. people stayed thinking the wors...

other neighborhoods into islands where the only way out is by chopper or boat. and some folks in some areas in vermont are frankly stranded and have been since the storm on sunday. here in patterson, new jersey on some streets the passaic river is 18 feet deep. theyre been evacuating people from here all day. just down the river in walling ton borough evacuation orders went out two hours ago, 6:00 p.m. eastern time. rescuers have been busy pumming 34 people to safety in patterson, new ...

irene. >> north texas is burning. im ali velshi, about 30 homes already destroyed bay wildfire. 100 more in harms way. its going to get worse before it gets better because officials say this fast-spreading fire is 0% contained. and im carol costello. new developments out of aruba in the disappearance of american robyn gardener. her traveling companion and the chief suspect may be about to walk on this "american morning." good morning, everyone. it is wednesday, august 31st. welcome...

vermont are frankly strand asked have been since the storm on sunday. near paterson, inning, the passaic river is 18 feet deep. theyve been evacuating people from here all day. and just down the river in wallington borough, evacuations went out at 6:00 p.m. eastern time. rescuers have been busy pulling 64 people to safety in paterson, new jersey. 14 kids among them. three dogs. people stayed thinking the worst was over, not knowing the rivers were still rising. even in a place where yo...

chopper or boat. and some folks in some areas in vermont are frankly stranded and have been since the storm on sunday. here in patterson, new jersey on some streets the passaic river is 18 feet deep. theyre been evacuating people from here all day. just down the river in walling ton borough evacuation orders went out two hours ago, 6:00 p.m. eastern time. rescuers have been busy pumming 34 people to safety in patterson, new jersey. 14 kids among them, three dogs. people stayed thinking...

moammar gadhafi and members of his family. several hours ago, a senior rebel commander told cnn that one of his sons, khamis gadhafi died sunday night in a battle in northwest libya. also today, algeria revealed it had allowed gadhafis wife and daughter and two of his grown sons and some of his grandchildren to enter the country for what they call humanitarian reasons. nic robertson is in tripoli now. can you update us on the latest on this humanitarian so-called giving of them refuge ...

pictures, and live pictures now, and he is going to be bringing in a jobs pro to tackle the crisis, and we will have that live from the white house. you are looking at the rose garden there, and we will bring it live when it happens. the president is set to nominate allan krueger to chair the council of economic advisers, and he is a professor at princeton and served as assistant treasury secretary until next year. and stewards of hurricane irene are expected to cleanout to day. it i...

Unemployment in this country? >> yes, absolutely. i think the wolf is at the door. we have gotten away with this massive deficit financing for years now because most of the debt was being bought by the central banks. were now at the point where the fed is going to stop buying the debt in june. its going to stop qe-2. the japanese are going to be selling u.s. treasuries probably, not buying them, because this massive crisis they have. and we saw this quarter that finally for the first time in dec...

>> explain that for people if theyre trying to get in on the conversation. >> both republicans and democrats really are responsible for this huge deficit financing. so if only the market could buy that debt -- interest rates would go up and the congress would have to quit spending. but the fed comes in and buys it and keeps interest rates low. but eventually, that turns into price inflation in which i think you have observed already today, a tremendous amount, gold soaring again today. >> food, ...

System dependent on deficit financing and inflated currency. bill: do you think members of congress, are they serious about breaking the addiction that you describe. >> no, i dont think so. they are serious about portraying themselves to the grassroots to satisfy the 20, 30% who are angry with washington and know that is not the majority of people and when it boils down to it, the majority of people, still, want to make sure that they are getting air programs financed and those people who hate o...