Page 20 - Deficit Problem News Today

Mostly a result of.... >> government spending. government spending. so that is clearly an area that doesnt create a lot jobs? >> obviously its not sustainable. we have an immense budget problem and deficit problem. so when the government spends more money that it doesnt have, it doesnt help the economy very much. a big chunk was military but the other was services. businesses actually contrasted in the amount of spending they did so, contracted. and net exports went down. >> jamie: so what do yo...

Missing during another administration, and i think its missing here, too. we have to face facts. >> what happens is this discussion about health care which is the deficit problem, right? instantly, it becomes a discussion about, you know, red rags stuff about socialized medicine and death panels. you cant have a sensible conversation about the countrys spending if you talk like that. coming up, nbc news political director and chief white house correspondent chuck todd. also the reverend al sha...

Lost. he wants to invest in drones. hes expanded it. this is a president who sees american interest and goes after them. he may not want to get involved in wars he seems interested in directly. it doesnt mean hes a peace president. he never has been and wont be. >> its interesting. after every build up, when i worked for reagan, we went up for four years by 28% to real terms. we had a deficit problem, we came down 10% in real terms. sequestration is only -- >> people are running around like its ...

President obama credit. he has a plan to do two and a half times spending cuts for one part revenue enhancements, and thats a formula, i think, that can turn the debt and deficit problems around. i think governor romney has to do that. he has to -- i think the base will hate to hear this, but he has to govern more like a moderate. whatever happens, democrats will have more than 41 votes in the senate. he has to get democrats to cooperate to make anything work, and were not going to solve the deb...

Governor romney made is that weve got 24 mill yun unand under employed americans and one in six he was using 15% of americans in poverty. weve got 17 million more americans on food stamps nearly 49 million on food stanls. -- stamps, then, the deficit problem. we cannot continue to spend money we do not have. >> the points you made sh americans now what have we done to children and grandchildren? that makes us look like greece. not some other day. right now. this administration has done incredabl...

And the question is this, what are the differences between the two of you as to how you would go about tackling the deficit problem in this country? >> well, good, im glad you raised that. and its a critical issue. i think its not just an economic issue, i think its a moral issue. i think its frankly not moral for my generation to keep spending massively more than we take in, knowing those burdens are going to be passed on to the next generation. and theyre going to be paying the interest and th...

Economic growth this year, slower than last year. and last year, slower than the year before. going forward with the status quo is not going to cut it for the american people who are struggling today. >> all right. lets talk -- were still on the economy. this is, theoretically, now, a second segment, still on the economy. and specifically on what to do about the federal deficit. the federal debt. and the question, you each have two minutes on this, and governor romney, you go first, because the ...

Head up to derry, new hampshire, for that first rally that you mentioned. paul ryan is going to be speaking in new hampshire, and then we are off to ohio. a little bit later for a banquet in columbus later this afternoon. hes sharpening his attack against the president. the president seems to develop bigger and bigger leads in those big battlegrounds, ohio, virginia, florida, as the attacks from the romney campaign are getting just a little bit sharper and what paul ryan is going out and doing n...

Thing for resolving this impasse and also going forward. >> can any deal get done without raising taxes on the -- as we look at this, you know, the only way to -- to get back on track is to cut spending. but also to raise, to raise taxes. so we raised the revenue base of what were bringing in in d.c. so how do we get this done without raising taxes on the wealthy? >> i dont think we can. you know, weve always advocated a very balanced approach. and weve just asked the very wealthiest americans, ...

Whats your policy? >> dealing with the white house is like dealing with a bowl of jell-o. im not going to get into the partisan sniping we heard earlier. >> its hard to understand why speaker boehner would walk away from this kind of deal and frankly if you look at the commentary out there there are a lot of republicans that are puzzled as to why it couldnt get done. >> the only thing standing in the way of the house proposal over the senate is the president and senator reid. >> i said from the ...