Page 33 - Deficit Problem News Today

really arent too terribly far apart and the deal can be done by the august 2nd, tuesday deadline. lets listen to the president, this is when he spoke around 10:30 this morning. lets listen. >> good morning, everybody. i want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit. right now, the house of representatives is still trying to pass a bill that the majority of republicans and democrats in the senate have already said they wont vote ...

>> obviously im not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we dont want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you...

no agreement. nor is there an agreement on a house republican push for a much smaller plan made up of spending cuts alone. if all else fails, we may end up with an idea floated by the top senate republican, mitch mcconnell. we laid it out for you. three separate votes between now and the next elections to raise the nations debt by $2.5 trillion, and there would be $1 trillion in spending cuts and a special congressional panel to shore up entitlements, and the up side supposedly for rep...

Trimming, no tweaking medicare and social security. stay far away from that and keep bashing paul ryans plan. >> and does this become a winning issue for, say, like sherrod brown in ohio where 76% of the people dont want anything changed? your thoughts? absolutely. it should be. we need people like sherrod brown and john tester to not just say no to medicare cuts but go on offense and say were going to tax the insurance companies, oil companies, wall street, and thats how were going to involve t...

For? if you do, raise your hand. all right. thank you. i appreciate the other four of you not labeling those who are different from you un-american. >> that is just one snippet from the hearing on capitol hill. weve got more for you later in the show. i want to bring in senator maria cantwell, she was there, from washington state. thanks for coming on. we heard it more than once, oil companies are saying theyre being singled out for punishment, discriminated against, that is the word theyre usin...

Not lifting the debt ceiling if they dont get their way. i think enough is enough. they blackmailed us in terms of shutting down the government. they blackmailed us in december about extending unemployment benefits. and i am sick and tired of that. i think the american people are as well. we need a good debate on the budget, but we dont need blackmail. >> have you found in these meetings a way around this blackmail, which i think is the perfect word for whats going on in the house of representat...

So youve got a big and interesting political division within washington, where the republicans are saying, no, if you get rid of the tax breaks for the rich oil companies, thats a tax increase, and were against that. democrats are saying, come on, do they really need these tax breaks right now in the middle of this deficit problem? so youll see a lot of talk about this and the "drill baby drill" mantra of the republicans is back. >> yeah, mike viqueira was quoting that. the duke a-- the dude a...

And got sucked in. >> 6:00 a.m. on friday. >> if we took. i had to take care of myself . we take all of the money ned works and media outlooks on this and solve the deficit problem . they cover it todayshow ratings and good morning america. they cover ratings. people love a love story. >> it is good news. >> we have had tsunami and nuclear disasters and unemployment at 9 percent forever. it was nice to see a couple get better. and no one does pageantry better than the british . listened to the...

Against that and will continue to do it. we have to come to the middle and deal with our deficit problem and deal with it in a smart way. you cant do it alone with either tax revenue increases or spending cuts. theres not enough in either. were in that deep a hole. >> katty kay is with us, has a question. >> senator, you just returned -- uh-oh. >> what does that mean? >> now, im not one of times most influential people. >> youre going to the wedding and i didnt make the cut. >> i am trying to we...

Own up, fess up, and quit whistling past the graveyard. >> his newest republican talking point. come on, man! come on! >> i dont think thats a talking point. >> welcome back to "morning joe" live from trafalgar square in london. roger bennett and patty kay still with us. joe and willie, you thought i would be afraid of the falcon. i was ready for it. it was lizzie who was afraid of me. >> lizzie was scared of you. she saw you -- >> yeah. anyhow. a lot going on. lets dive into news. republican le...