Page 11 - Deficit Issue News Today

Failures so far of health care, get us away from looking at harry reid and the rest of the democratic leadership that doesnt seem to be helping him right now? is that it? >> i think all those things are part of the story but i think there are two bigger things that the white house has seen post-massachusetts. one, start winning the outside game again. they were too mired in the inside game, this legislative process. two, they got to make the republicans pay for their intrance intelligence. if th...

Around and try to make a decision then. youve got to remember, wolf, i was fresh off not being able to make any headway on the deficit issue when i voted no that night. i still felt there was an opportunity to possibly have a bipartisan bill. i was still in discussions with some democrats that were interested. but at this point, you know, when it came -- comes time for this vote, i know that that is not going to happen and do i think our countrys better off having this tax reform in place versus...

Pause. this bill will probably raise taxes on folks who are at the bottom of the income spectrum. those are two fundamental problems that go way beyond gop civil war and go to the heart of philosophy and peoples pocketbooks. >> let me quibble about that. hes fundamentally right. middle-class tax cut also expire and then theyll go back up. thats how they try to deal with the deficit issue. upper income taxpayers, wealthy americans get a bigger break because of the phasing out of the estate tax. >...

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>> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spe...

Democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your mo...

Obamacare that hit the middle class. they want them off the table but as mature adults we have to talk about the truth in washington. >> shannon: congressman, i want you to get the final word. >> i did say social security is an issue that has to be dealt with. there is a problem that will occur seven to eight years out. >> kick the can down the road. >> well, if you want to deal with it today we can. bub it is not part -- but its not part of the current deficit issue at all. separate issue. you ...

President obama tried to explain whats so wrong with thinking that mitt romney is a guy who should be taken seriously on the deficit. he was trying to explain that without a white board, sound track, without a way to make it into a story people would remember. he just listed these large numbers over and over again an assume people could get the punch line. and mitt romney instead of trying to rebut president obama point by point simply made the assertion that, well, never mind your numbers, i ha...

Candidates on jobs but at the end, it sounded like just politics. were learning more about what the president may call for on thursday, including more infrastructure investment, investments in clean energy, transportation, federal money to rebuild schools. white house says all of this is going to be paid for, tax credits for companies, by the way, to hire new workers. on-the-job training front for the long-term unemployed. well see, though, whats not clear, by the way, this speech will be job, j...

Today. took some of the spotlight back. its hard for me to identify those coming out of this politically gaining? >> well, its not john boehners party. he has not been able to do what he wanted. he was not in a position to negotiate a grand bargain, whether it was good, bad or indifferent. hes allowed notion of deficit reduction to be attached to the deficit issue, which as simon pointed out is really the core of the problem here, and right now the president has been trying to look reasonable. h...