Page 2 - Deficit Position News Today

lets go "out front." im erin burnett. "out front" tonight, the u.s. pullout of iraq and its final hours. in 19 days all troops will be out. iraqi prime minister nuri al maliki traveled to washington to meet president obama today. >> this is a historic moment. a war is ending. a new day is upon us. and let us never forget those who gave us this chance. the untold number of iraqis who have given their lives. more than 1 million americans, military and civilian, who have served in iraq. n...

im erin burnett. "out front" tonight, the u.s. pullout of iraq and its final hours. in 19 days all troops will be out. iraqi prime minister nuri al maliki traveled to washington to meet president obama today. >> this is a historic moment. a war is ending. a new day is upon us. and let us never forget those who gave us this chance. the untold number of iraqis who have given their lives. more than 1 million americans, military and civilian, who have served in iraq. nearly 4,500 fallen am...

staring a porpoise right in the face. oh, just got me again. a once top-secret military program thats enlisting animals to protect the country. but first, inside a polygamous sect. >> were dealing with the exploitation of children of young girls for sexual purposes. >> reporter: gary tuchman takes you where most people never go -- exposing polygamys dirty secrets. >> reporter: the scenery is spectacular and the polygamist families who live here along the uft-arizona border have bee...

tea party demanding more cuts in federal spending, a cap on future budgets, and a balanced budget amendment. but at a republican caucus meeting speaker of the house john boehner told everyone in his party, and i quote, "get your ass in line." and listen to senator john mccain. >> what is really amazing about this is that some members are believing that we can pass a balanced budget amendment to the constitution in this body with its present reputation, and that is foolish. that is wors...

Cycles, two years each, i balanced the budget every time. i mean, thats either true or false. >> well, what he did do was technically bring it into balance. he borrowed $4.4 billion. he engaged in accounting shifts. he advanced payments on taxes. he delayed paying bills and he pushed a bag load of spending down to local governments. but each and every year he was governor we ran deficits and they kept accruing each and every term. we were in a deficit position from 2003 on, long before the reces...

Balanced the budget every time. i mean, thats either true or false. >> well, what he did do was technically bring it into balance. he borrowed $4.4 billion. he engaged in accounting shifts. he advanced payments on taxes. he delayed paying bills and he pushed a bag load of spending down to local governments. but each and every year he was governor we ran deficits and they kept accruing each and every term. we were in a deficit position from 2003 on, long before the recession. >> arnie carlson, gr...

That is the same as greece, as the countries around the world that we think are irresponsible. so we are entering into a terrible fiscal position. we have government spending that is 25% of our gdp. our government spending is $3.5 trillion. and our revenue is $2.4. so we are in a terrible deficit position that none of us could sustain. and our nation cant sustain it. and so deficit reduction has got to be fact-based. it cant be politicized. it was interesting that yesterday "the wall street jour...

>> i think these cults are totally unreasonably. >> is it the president, john boehner, harry reid, is it the tea party? there is a lot of finger pointing going on. so who is to blame? >> i heard speaker bane noehner it was not a revenue problem but a spending problem. we have lost 8 million jobs. that is a revenue problem. we have surpluses as far as the eyes could see in 2000, tax cuts, two wars, katrina. the financial bailout put us in this deficit position. we cant cure this deficit position ...