Page 25 - Deficit Problem News Today

Sustainable fiscal path, because we are not on one now and we court great danger if we continue down this path. the president fails on both counts. huge spending increases and even bigger deficit next year than last year does not solve the long-term debt problem. the tax increases would slow down economic growth and he doesnt even address the biggest driver in our long-term deficit problem, which he has admitted is government health care spending, doesnt even address it in a meaningful, serious ...

Now to sam stein, political reporter for "huffington post." sam the politics of this, pretty ugly. its easy for the republicans to go out and distort the deficit numbers, dont you think? >> yeah, and i think ezra hits all the right points. the difficulty of course is spelling out the math here and how obama inherited a lot of the problems. also, you know, one of the simpler ways to solve the deficit problem is to get more people back to work and inject more government spending. going through tha...

Now to sam stein, political reporter for "huffington post." the politics of this, pretty ugly. it is easy for the republicans to go out and distort the deficit numbers, dont you think? >> yeah, and i think ezra hits all the right points. the difficulty is spelling out the math here and how obama inherited a lot of the problems. also, you know, one of the simpler ways to solve the deficit problem is to get people back to work and inject more government spending. going through that cycle though is...

Ezra kline, thank you for your time tonight. appreciate it. now to sam stein, political reporter for "huffington post." the politics of this, pretty ugly. it is easy for the republicans to go out and distort the deficit numbers, dont you think? >> yeah, and i think ezra hits all the right points. the difficulty is spelling out the math here and how obama inherited a lot of the problems. also, you know, one of the simpler ways to solve the deficit problem is to get people back to work and injec...

Washington post. the super rich have now become political props. by all means, congress should pass the buffett tax. for starters, dont pretend as obama does that taxing the ultra rich would solve the deficit problem. so raise tax rates on warren buffett and others to upper middle class levels, but recognize that the anti-wealthy populist rhetoric is mostly political expediency, distracts from the serious issue the country faces creating jobs and closing long-term budget deficits. the anti-rich ...

Taxes go up for everybody. its not the worth thing. its not going to be good for poor families, but it does raise a lot of revenue. his current plan to raise taxes only on the rich, it doesnt raise that much. $1.5 trillion over ten years, which is a lot of money, but it doesnt actually solve the deficit problem. if the bush tax cuts entirely expire, it does that. a lot of folks in congress think that would be too much of a burden. >> ive got a lot of stuff here highlights and there are tax exper...

wealthiest americans at thfrt point in time looking at the economy as it is should pay more in taxes. he is of the same mind on that front at george soros who we spoke with here in davos as well who also believes the wealthy should pay more in taxes. two of the many headlines today. weve got a lot more coverage on c nnnmoney.co cnnmoney.com. brooke. >> thank you very much? a snowy switzerland for us today. for more details and all kinds of other money stories, cnnmoney.com. and we co...

Deficit problem. the facts are this. the president would never say yes to fundamental fund of our tax code. he asked for more revenues. i will put revenue on the table only if we have fundamental reform of our tax revenue. the problem in washington is there is too much spending we have to get our hararms around . republicans in the house and senate are committed to real reform of entitlement rprograms and control in spending in washington. >> what about extending the payroll tax cut holiday for ...

Our long-term deficit problem. and the facts are this -- the president would never say yes to fundamental reform of our tax code. he asked for more revenue. i told the president i will put revenues on the table but only if we are going to have fundamental reform of the entitlement programs. he would never say yes and then wanted a trillion dollars worth of new taxes. the problem is washington is there is too much spending and we have to get our arms around it. the republicans in the house and se...

Our long-term deficit problem. and the facts are this -- the president would never say yes to fundamental reform of our tax code. he asked for more revenue. i told the president i will put revenues on the table but only if we are going to have fundamental reform of the entitlement programs. he would never say yes and then wanted a trillion dollars worth of new taxes. the problem is washington is there is too much spending and we have to get our arms around it. the republicans in the house and se...