Page 14 - Deficit Problem News Today

A guarantee. there are other things in the discussion that i think the american people made fully aware understand what it means in their are daily lives. >> chris: you keep talking about raising taxes and talk about making the wealthy -- let me ask the question first. let me ask the question. you keep talking about making the wealthy pay their fair share of taxes. >> right. >> chris: the top 1% pay 37% of all federal income taxes. the top 5% pay 59 about percent of all federal taxes. if you too...

A guarantee. there are other things in the discussion that i think the american people made fully aware understand what it means in their are daily lives. >> chris: you keep talking about raising taxes and talk about making the wealthy -- let me ask the question first. let me ask the question. you keep talking about making the wealthy pay their fair share of taxes. >> right. >> chris: the top 1% pay 37% of all federal income taxes. the top 5% pay 59 about percent of all federal taxes. if you too...

Clinics, our motor pools, our depots, our factories. this will affect the entire country. and will undermine our readiness for the past couple of years. >> you are both very passionate. i know youre making phone calls on capitol hill. the president talked on immigration, on guns. has he been out there enough to get congress to do something? >> the president is very concerned about this. he has proposed that we do a budget deal involving $4 trillion. he put specific proposals on the table. you kn...

That live outside of washington, d.c., are in our schools, in our clinics, our motor pools, our depots, our factories. this will affect the entire country. and will undermine our readiness for the past couple of years. >> you are both very passionate. i know youre making phone calls on capitol hill. the president talked on immigration, on guns. has he been out there enough to get congress to do something? >> the president is very concerned about this. he has proposed that we do a budget deal inv...

My life, in order to deal with the deficit problem, youve got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think hes pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. hes indicated his concern about maintaining a strong national defense. and hes proposed a solution to this. the ...

Medicare spending week do have a problem in the economy right now. its a job creation problem. that is what were trying to do and everybody is concerned with doing. at the same time we have a deficit problem that makes it more complicated. >> i agree with you. >> we have a jobs problem and deficit problem. >> eric: dont we have a spending problem? >> here is the bottom line. this is math. spending problem or revenue problem. you are saying its not the spending problem, its revenue problem? >> fo...

To break, do you agree with that? >> i think the single most defiant line in the inaugural address and where he threw the gauntlet down to republicans, we have to look at our long term health care costs, true, you dont really have a deficit problem, you have a health care spending problem. you have to make the choice. this is america, you dont have to choose between the elderly and the next generation. he was really laying down a marker to the republicans when it comes to budget fights, im not g...

Taxpayers will have a surprise next april. here is the question, we had the big tax increase, its significant. the president won, lets face it, he got what he wanted. so, why do we need more revenue? i thought this was going to solve the deficit problem? >> paul, if you look at 2011, irs statistics about 2% of the u.s. households earn $250,000 a year or more. if you took all of their income, you would run the government for less than half a year. all right, theres just no-- >> on every dollar th...

Threat -- these are very bad people, these terrorists. but they dont have the power or threat to destroy us, they can damage individuals and do some hurt. and i think it took the american people a little while to realize this. but they now understand there is no threat of that sort. that doesnt mean we should be weak but it means like we could get by with a lot less. i said that nuclear subs dont defeat terrorists, i wish they did, because we have a lot. and that would be over. i believe that bo...

Result in even more savings in the next 10 years. and would solve our deficit problem for a decade. >> mr. bowles, you heard leader mcconnell and his views about the president not leading. had republicans conceded the point on revenue earlier, say, in 2011, could we have had a broader agreement along the lines that you think is necessary? >> oh, we definitely could have had. i think it was, as you said in your opening part, this was the magic moment. this was our opportunity to do something real...