Page 12 - Deficit Issue News Today

Of the deficit issue, and the debt debate helped or hurt the effort? >> the great debt debate continues in washington. and in the press. as the mainstream media dismisses the house backed plan and blamed republicans for wasting time on getting a real deal done. >> my ability to function effectively will not affect my ability to serve as commander-in-chief. >> michele bachmann goes on the defensive following comments by an unnamed source. saying a medical condition incapacitates her for days. how...

There is new revenue from changes to the tax code. so thats where we stand right now. president obama, as you see, i guess just taking the podium there and going to talk about this deficit issue. thomas. >> kristen welker live for us at the white house. lets go straight to president obama whos speaking at the town hall at the university of maryland. >> thank you. ill tell michelle you said so. it is wonderful to be back in maryland. i hope everybody is -- [ cheering ] i hope everybody is keeping...

Upset over the possibility of changing the tax code, potentially increasing taxes. well, yesterday it was democrats who were concerned about the possibility that the president was maybe giving in on entitlement reform and not insisting on enough changes to the tax code. white house officials insist that is not the case. they say the president is dedicated to making sure that there is new revenue from changes to the tax code. so thats where we stand right now. president obama, as you see, i guess...

Absolutely. it is not a deficit issue, it is an ideological issue from people who for years, have wanted to destroy or weaken social security. they dont believe government should be involved in providing retirement benefits to the elderly. they think wall street should do that and they want to weaken social security. second of all, at a time when people have so little faith in government, lets not forget, that when barack obama ran for president in 2008, do you know what he said, al? he said, un...

Latest updates on this topic.

Latest updates on this topic.

Good to have you on. your amendment to representative paul ryans plan failed. as i stated, 77-347 today. were you surprised that this plan didnt gain a little more traction with the democrats. >> we feel we did well. we got 40% of the democratic caucus. we projected a vision of putting america back to work. we had infrastructure in that bill. we protected the medicare. we were proud of the budget. the fact is that we have to lead -- we have to show the way. and sometimes that means youre not goi...

>>guest: thats a great possibility. i sure hope so because there are a lot of them that are up for re-election in 2012. >> the current c.b.o. score says the health care bill will debate the deficit. however, the current score says it will. so democrats are saying, republicans are hypocrites on this issue because in a sense you will be increasing the deficit. >>guest: their numbers cannot be relied on. the high risk pools, like you said earlier, only cover a fraction of the people. here in colora...

When we are going to start looking at the longer term? and so i find the whole thing really disappointing and very perplexing. >> im with you. were borrowing money from china to give it to the rich in a way that will not create jobs. what would you have done? what would you prescribe for the economy now not only to deal with the immediacy of the deficit issue, but also to transform the economy because we know every year we are less competitive, vis-a-vis our foreign competitors from china to ind...

Notion of maintaining a purist position. all throughout the midterm elections you heard the president talk about i will not extend the tax cuts for those above 250. that was the hard line position he took. republicans hard line position was -- >> there was an election. >> i get there was an election. when you hear republicans talk about principle, talk about this is where we stand, democrats are saying why did you give in? the reality is the white house blinked. republicans remained steadfast. t...