Page 10 - Deficit Problem News Today

Beefing up a white house staff and starting out to build some of these trusting relationships. >> ken duberstein, thank you. that is tough love if i ever heard it before for a man who supported the president for izelection. have we magically fixed our deficit problem? glenn hubbard from columbia. sundays are the warriors day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband...

...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. is americas deficit problem so bad? well, not any more at least, not for the next decade. the congressional budget predicts, they did it on tuesday, that in 2015 the deficit will be only 2.1% of gdp, thats down from 4% this year, 7% last year and a high of 10% in 2009. so, should we celebrate? joining me are glenn hubbard, the dean of the columbia busi...

Somebody who nobody has ever heard of on either side of the aisle that, to me, is not beefing up a white house staff and starting out to build some of these trusting relationships. >> ken duberstein, thank you. that is tough love if i ever heard it before for a man who supported the president for his election. have we magically fixed our deficit problem? i have two great experts on the economy. glenn hubbard from columbia and zanny minton beddoes. well be right back. ♪ fly me to the moon ♪...

Were on the same side i think on particularly short-term stimulus and austerity and just the need for the government to be doing much, much more to get people back to work particularly in the short term. but the really interesting thing -- and the place where im surprised, particularly today on the day of the obama care repeal vote for the 37th time, is the mounting evidence that obama care really is playing a role in the long-term projections of deficit reduction. heres just an example of this ...

Did not happen in this case. then cia director david patraeus did not attend the funerals of woods and doherty. obviously cia officers feel it imperative to keep their work in the shadows but that in this case may also keep some of the answers about benghazi in the dark as well. coming up, not a great week for the president but while the scandals swirl there is a little teenie bit of good news getting ground out, the deficit problem may be slowing -- not disappearing -- slowing. breaking news ...

That they are very good at saying we dont want to do whatever president obama does. they dont have a message for, what are we going to do. >> yes, this he do. you know what the message is michael? it would be a hell of a lot better if they cut taxes. >> and the strategy is, lets not give the president any credit. one of the issues litigated in this cycle is, are you helping improve the economy or just trying to score political points. the sequester is an example of this. its an unnecessary drag ...

>> yet, everybody tries to despise us thats the problem. we have been too late as of late. >> andrea: planning bombing a bunch of muslim countries jumped up an said by the way there should be a justified excuse for terrorism even though there is no definition for one. >> kimberly: like self-defense. >> kimberly: legitimate struggle. legitimately struggling then its okay. >> bob: they all pay their parking tickets then we wouldnt have a big deficit problem. >> eric: $50 billion we have given the ...

>> yet, everybody tries to despise us thats the problem. we have been too late as of late. >> andrea: planning bombing a bunch of muslim countries jumped up an said by the way there should be a justified excuse for terrorism even though there is no definition for one. >> kimberly: like self-defense. >> kimberly: legitimate struggle. legitimately struggling then its okay. >> bob: they all pay their parking tickets then we wouldnt have a big deficit problem. >> eric: $50 billion we have given the ...

Sequestration as part of -- >> the issue of the payroll tax that has been put in effect for two years, the cut in the payroll tax, the 2%, that was reinstated. there are a lot of things that could contribute to this. but the key is the uncertainty and thats why people arent investing. they dont know what the country is going to do. they dont know if congress is going to get around to solving this deficit problem or not and thats why the biggest reason we have a drop in job creation. >> we have t...

Democrats and not attack the deficit problem. >> jamie: let me let mercedes weigh in on that, its interesting, christy is saying that the presidents policy is not correct. >> well, i mean, i would agree in terms of that its just not enough for the enentitlement reform. when you look at the budgets, our entitlements are eating away at our budget and in fact, also increasing to our deficits, so, to say that and then we-- the big elephant in the room is obamacare. with the tax hikes coming with oba...