Page 36 - Deficit Problem News Today

No easy issue to take on as we know. his senior adviser, david plouffe, made the rounds yesterday to tee up and set the stage for the presidents announcement this week. listen here to a little bit of him. >> we clearly have to do more. you have to look at savings you might get in medicare and medicaid. social security is not a contributor to the short-term deficit problem but in the process of talking about our fiscal situation and government, we ought to look if theres a way to strengthen socia...

Is whether or not the president recognizes this is simply the down payment. the president is also saying that he thinks that some of these cuts went pretty deep. theyre going to have to go a lot deeper if youre going to solve a deficit problem thats close to $1.5 trillion of annual spending. and so its good that the president is willing to take credit for what was done here, but theres a lot more that has to be done, and i think thats what the tea party people recognize is that this is one littl...

The president is also saying that he thinks that some of these cuts went pretty deep. well they are going to have to go a lot deeper if youre going to solve a deficit problem thats close to $1.5 trillion of annual spending. and so its good that the president is willing to take credit for what was done here but theres a lot more that has to be done and i think thats what the tea party people recognize is that this is one little step down the road towards some major steps that have to be taken if ...

Means and then have money to invest in education, innovation. every part of the government has to be looked at. >> social security. >> first his health care reform package, $1 trillion over deficit reduction in the next two decades. we clearly have to do more. you have to look at savings you might get from medicare and medicaid in the long term. he said social securitys not a contributor to the short-term deficit problem but in the process of talking about our fiscal situation and our government...

Come. >> congressman hensarling, let me ask you because we are hearing from the right in particular i wanted something that jeff flake told "the hill" newspaper on friday, saying, "a lot of us are quite disappointed with the level of spending cuts. its not very big." where are you on this? >> well, i share the disappointment of my colleagues. i mean on the one hand this is the single largest year-to-year cut in the federal budget. frankly, in the history of america in absolute terms. and in afla...

Big money. we saw some of that come out in paul ryans approach when he put out a republican budget. you all widely criticized it. the president is going to give us a specific plan this week when he addresses the subject, or is he simply going to address it in a "had is serious business." >> no, hes going to lay out his approach. he said this previously. to get the kind of deficit reduction we need to -- first of all, one reason he wants to do it is to we can live within our means and then have m...

This is a live picture of the u.s. capital building where no doubt aides are burning the midnight oil. as weve been telling you, democrats and republicans in the u.s. congress are battling down to the wire over a bill to fund the government for the rest of this fiscal year. but theres still no agreement and the clock is ticking towards a partial government shutdown at midnight on friday night. maggie lake took to the streets to find out what ordinary americans would do if they had to tackle the ...

Problem. if we w security people or low income people. yes rms, we have a deficit problem. yes, we need to address it. but you dont address it on the backs of the weak, the elderly, the sick and the poor. you need the large corporations to also play a role. the issue, ed, as you well know, is that working folks dont have a lot of power on capitol hill. >> good evening from new york, im chris jansing, and in libya they seek congressional. co anchor richard engel is with us from bengazi, libya. go...

Boom, im cutting. >> it remind me of sierra modry. we dont need no reason. they want to cut. and if they were sitting down and actually taking a sharp pencil figuring out where we could cut and do it without damage, then id be with them, in fact. we have a deficit problem. we have to bring our budget into balance. but if all youre doing is taking a meat ax and suspending judgment and saying anything we can cut is good, then youre going to have things like cutting the heart out of the tsunami war...

We added over 20 million jobs. you raise $4 trillion over ten years, about the same amount as you get, you do all this stuff -- >> why do we need to raise taxes if were not broke? >> what im saying is we have a deficit problem but were not broke. and theres a difference. and i think the people who want to say were broke are not willing to look at any kind of revenue. i mean, the presidents been reluctant on revenue, but hes said, look, lets go after these special breaks for the oil companies, le...