Page 12 - Deficit Problem News Today

>> i dont think its a pr blunder for the president at all. i think what he does is he continues to try to generate support for the american people to push their congressmen and women to agree to a balanced mix of spending cuts and tax increases so we can solve the deficit problem. i think you saw it coming out of the meeting, he said i want to get this deal done by midsummer. so we dont have another problem overt debt ceiling. i think thats going to happen. americans can see that we are in the r...

Forecasting inflation in the future. thats when you know you have concerns about the deficit. you are going to see there is an inflation forecast. it means we will have too much demand and inflation in the future. where is the credible study and the forecast? >> where is the market pricing? >> where is it anywhere that the deficit is a problem. >> explain what tips are. >> those are securities that investors can pile into with inflation over the long-term. it is absolutely not there. not in medi...

If they really wanted cuts to social security and medicare. they could have had it by now. it is extended time and time again. i want to show the president complaining about the fact that he tried to give them this and they wont take yes for an answer. they talked about the deficit reduction. >> i put forward a claim that calls for serious spending cuts and entitlement reforms and goes right at the problem that is at the heart of a long-term deficit problem. i offered negotiations around that th...

Reforms, goes right at the problem that is the heart of our long-term deficit problem. ive offered negotiations around that kind of balanced approach and so far, weve gotten rebuffed because what speaker boehner and the republicans have said we cannot do any revenue, we cant do a dimes worth of revenue, so what more do you think i should do? >> we also heard the president warning again today of the impact of these spending changes, saying it wont be the apocalypse, but quote shall the pain will ...

Pretty good over the last four years, are just starting to see the economy improve and businesses are just starting to see some coming back. this is not a win for anybody. this is a loss for the american people. and, again, if we step back and just remind ourselves what it is were supposed to be doing here, then hopefully common sense will be in the end. >> this is one you dont bear any responsibility for. >> julie, give me an example of what i might do. >> im trying to clarify your statement. >...

Economy improve, businesses are just starting to see some confidence coming back. and you know, this is not a win for anybody. this is a loss for the american people. and, again, if we step back and just remind ourselves what it is were supposed to be doing here, hopefully common sense will allow in the end. >> sounding like it is a republican problem and not one you bear a responsibility for? >> julie, give my example what i might do. >> [inaudible]. >> im trying to clarify the question. what i...

Both parties signed off on it, passed into law. it wouldnt be a law if the house republicans hadnt passed it. part of whats strange is that woodward is playing two roles. the reporter who reports in his book on the exchange and how the sequester came about being and then in this op ed is this analyst shaming obama for not leading in some vague way that would defense congressional republicans to solve the deficit problem, and its sort of bizarre to go on both sides of that at the same time. >> ca...

Letting contracts, they are not hiring people, they are not doing what they normally do. youll see a slow down in our economy. youll see services that will be delayed, whether its calling to find out about your social security check or whether it is standing in a longer line as you go through the airports. youll feel it. but the most important impact will be on our economy, and this is avoidable. what we need is democrats and republicans sitting down and working out an agreement, thats what we s...

Asking for tax increases as has the president and his proposal doesnt push for tax increases. thats a brave position for him to take in his caucus. jon: i talked with juan williams about, you know, whats happened to the federal budget in the last ten years. 90, almost 90% increase in federal spending in ten years. it seems unsustainable. >> well it is unsustainable. i appreciate the compliment. let the record reflect i do support tax increases. just thats a separate part of the equation. if were...

Ive looked at estimates of economists across the board, nonpartisans who argue that put it all together, add the sequester on top of it, and youre talking about growth that is about a percent and a half slower this year than it would be otherwise. let me read you a quick quote from somebody today up on capitol hill. "moreover, besides having adverse effects on jobs and incomes, a slower recovery would lead to less actual deficit reduction in the short-run." now thats not karl marx or chairman ma...