Page 9 - Deficit Issue News Today

And the president puts out his vision for the next 10 years and it says more of the same. so hes doubling the debt. not dealing with the deficit issue. and i think the impatience is understandable. he also said i noticed there that his goal was not to get a good headline the first day. he didnt get a good headline even from papers around the country that have supported him. "washington post" said he ducked the issues and that was kind of what most of the papers said because he did not deal with ...

But even programs that we like and we otherwise wouldnt touch, weve got to cut some of those programs, too. so he started with the five-year nonsecurity discretionary freeze. hes also added another $78 billion worth of savings from the defense department on top of that. thats an area in the past that people wouldnt have touched with a ten-foot pole, a hundred-foot pole. and he said to the federal work force, youve got to tighten your belts, too. hes put a freeze on the federal civilian work forc...

Doesnt go far enough and ignores recommendations by the presidents own deficit commission. melody barnes is white house domestic policy council and assistant to the president. good to see you. thanks so much for joining us. >> great. its a pleasure to be here with you. thank you for having me. >> absolutely. we have gone through some of the numbers here already on msnbc and talked about a $3.7 trillion in spending this year. just to put the numbers out there, this will now for this coming year w...

Fact that in 2005, as a senator, he voted for the energy policy act that gives tax breaks to oil companies. so we rated that one inconsistent, guys. >> all right. and lets move on to the two responses. we need to pick from one here. lets go with the official gop response. what were you hearing from representative paul ryan? >> reporter: well, t.j., as you mentioned, house republican paul ryan delivered the official gop response and as expected congressman ryan noted the deficit has gone up under...

Trying to emulate. >> the situation in hazelton. its all over the country. the deficit issue which perot hint 1992 has become enormous. thats why the tea party thing is so huge. but as for the republicans, i dont see anyone -- snowboard lets go national. if youre a mitt romney are you in trouble because youre not right-wing enough? >> mitt romney has to -- >> can he skip iowa and win new hampshire. >> he has a fighting chance in new hampshire. this time the union leaders are more friendly. they ...

Category. and this is not a time to be placing additional burdens on the middle class but in terms of the budget, understand that the president asked -- proposed that we hold expenditures for nondefense, nonsecurity spending even for the next three years. the congress has done even a little better than that. we have provided pay fors for many of these initiatives including the one that was passed yesterday to keep teachers from being laid off all over the country. that is a paid for initiative. ...

You back your money. because we have too much of it. which is something we dont have now. now what the democrats are trying to do is turn the deficit issue on its head and to say, okay, you want to extend all these tax cuts, thats fine, except you have to figure out a way to pay for it. we dont have any money. if you dont spend them, youre costing over $2 trillion. thats with a "t." trillion dollars. >> listen to this ad ive been seeing played nonstop. >> folks, americas economy is struggling m ...

Money and at the end of the day that proves disastrous. >> so, steve, i guess my question is this. how will the markets react to the tax cut extension which is coming in some form of another? greenspan saying, hey, he wouldnt extend any of them at this point. will wall street say, boy, there goes the federal government in debt again adding to the deficit? >> it is a pendulum, chuck. are you sure its coming, by the way? is that in your notebook there? thats not entirely clear to me and i think de...

You may hinder job growth and creation. >> if cutting taxes brought prosperity, wed have prosperity coming out of our ears. remember the clinton years where we had peace and prosperity? theres nothing wrong with going back to those policies, going back to the tax rate nen and allowing everyone to pak their fair share. right now this country is in trouble. the wealthiest americans have to pay their fair share. >> this is litigated. this is no surprise. some people have said the president has done...

Grandchildren? there is no way in the world in a trillion dollar budget this year we cant find the money to pay for an extension of unemployment insurance, something we are in favor of. if you cant pay for a program that everybody agrees we ought to extend, what are we going to pay for? >> so to take senator mcconnell at his word on this issue, if the two parties agree on doing something, on one spending issue, but cant figure out a way to pay for it on something like this, then how do we expect...