Page 11 - Deficit Problem News Today

Republicans have been attacking them because their budget doesnt balance over ten years. the budget shouldnt balance over ten years. >> i think you hit a key point. its all about growth. you can grow your way out of deficits. we saw it during the clinton administration. its also about looking at how far weve come. if you actually look at what weve already done in terms of getting deficit under control, if you look at the budget control act, if you look at the tax increases from the end of last y...

Paul krugman. then, the race for space. is america losing? china is building its own space station and the u.s. has to rely on russia to send our astronauts up to the stars. what is going on? and the exploding middle class. in more than seven years it will triple in size to almost 2 billion people. it will change the world. well talk about how. but, first, heres my take. those of you who follow the show reg lerly know i have long argued that cutting government spending in the midst of a weak...

Faster. i will talk to the chief pro-economist of spending paul krugman and then the race for space, is america losing? china is building it own space station and the u.s. has to reeli on russia to send our astronauts to the stars. whats going on? and the exploding issue, middle class. in seven years it will more than triple in size to almost 2 billion people. it will change the world. well talk about how. but first heres my take. those of you who followed the show regularly know that i have lon...

Were in a serious problem. we spend a lot more money than we have every year, less than a trillion dollars this year, trillion dollars more last year, and as far as the eye can see were going to be spending almost a trillion dollars more than we have. this is a disaster for our children. and someone has to speak up for them. theyre going to have to pay these bills as this presidents-- as this president tells us we dont have a deficit problem. >> greta: i dont get in. the pr, look, hes not going ...

Were in a serious problem. we spend a lot more money than we have every year, less than a trillion dollars this year, trillion dollars more last year, and as far as the eye can see were going to be spending almost a trillion dollars more than we have. this is a disaster for our children. and someone has to speak up for them. theyre going to have to pay these bills as this presidents-- as this president tells us we dont have a deficit problem. >> greta: i dont get in. the pr, look, hes not going ...

Does the ryan budget end up being a liability if youre a house republican? >> absolutely. the same way it was for them in the past. you cant target medicare and have that not be a liability. throwing all the gimmicks aside, i would be curious about dougs take, its basically two things, health care costs rising over time and revenue being as historic lows. all the rest is gimmickry. social security is good until 2030, and after that 80% without any changes at all. once you deal with those two thi...

>> ryan, whats the long game here. we know the cuts are sort of phasing in. rand paul has been out there saying no harm, no foul, it is great, lets double down, even more cuts much does this posture ultimately hurt republicans in the long term when people in america and the world start understanding better what they mean on a practical level? >> yes. i think the error the republicans made was to focus on deficits. if they had instead focused on tax levels, said taxes are too high, thats what the...

Spend money and what is worth it and what isnt. >> we have here jared bernstein, budget celebrant emeritus. jared, lets talk about this. before this show started, we started a discussion about its actually good i think for the country to get involved in a discussion about budget, not just because you have an affinity for numb bersz, but as ezra says, budgets are moral documents in a way. they show or priorities as a country. what have you gleaned? >> well, paul ryans budget has described as robi...

And health care spending isnt a rational market because all of us when youre sick, you want everything you possibly can get. >> right. >> and so theres -- i dont think we talk enough about this. theres really a fundamental scariness at the heart of this which is whats driving the long-term deficit problem is an irrational market about our most -- the things that are most important to us. this is not about big bird, not about npr, this is not about discretionary spending which is, what, 12% of th...

1, people are going to start seeing the smaller unemployment checks in the next few weeks. the national employment law project actually warns that the budget cut will have a ripple effect, also impacting funding for state agencies and potentially making it harder for people to get help finding jobs or to have their claims processed when they are looking for every dollar. brianna? >> are there concerns about the economy in general, just the bigger economy and the impact this will have? >> you kno...