Page 37 - Deficit Problem News Today

Lead into the 2 1 st century. >> let me turn you back to a question on the budget and play for you senator manchin had to say. >> this debate will be be decided by house republicans or by senate democrats in negotiating with each other or past each other. the debate will be decided when the president leads these tough negotiations. and right now, thats not happening. >> senator, has the president been awol in these discussions? >> no. but the president -- >> what is senator manchin talking about...

Debt and deficit problem. its not sure that the spanish government does have a handle on that. now, a look at asian markets a down day there as libyas civil war and rising oil prices continue to weigh on investors. japans nikkei, down 1.5%, showing that the japanese economy shrunk more than 2010, down 1.3%. in as you trail, mining and energy firms lost ground. on hong kongs hang seng it was the bankers and ensurers who were among the biggest loser. the unexpected trade date dragged the composi...

Only if you can afford it, lets be fair. lets tax this as well. thats illinois answer to the deficit problem. >> yet another remedy instead of cutting spending. >> yes so here youve got at the national level, we cant cut spending but $4, $5 billion with a $14 trillion national debt, cant cut spending but in illinois, we can sure tax some more. thats where we are. >> i want to get a room at the best western. its been sold out for 3 1/2 weeks. >> you want breakfast, dont you? >> heres why theyll n...

Cowboys or poetry. thats what youre getting at. >> thats not true. i dont like subsidies and i detest a $223 billion deficit in one month. >> john wayne and nowhere to go for it. >> you dont like harry reids hand in your pocket. >> were we supposed to be talking about this? >> no, well talk a little bit about the state of illinois, what theyre talking -- what they are proposing now is -- now, this is done at the federal level where your 401k proceeds are taxed when you draw them out. now theyre ...

Republican budget coming up will include trims or cuts in the costs of entitlement programs like social security, he said, and medicare. is he serious? and if so, can any politician of either party weather the costs of going after these very popular broad-ranging entitlement programs. just to get it clear, where would you stand if you were the king or queen of deciding whether to cut social security? >> first, i want to get the argument straight. because, social security, be clear, doesnt have a...

And democrats coming together on reasonable adjustments that can be made. >> heather: were going to have to wrap up this discussion quickly. let me ask both of you, jehmu, we have the march 18 deadline now to get this budget done. do you think well be extending it for another two weeks or do you think its possible for everyone to come to an agreement? >> i think it would be absolutely irresponsible if we are leading the federal government by having budget cuts for two-week periods at a time. no ...

>> people screaming and threatening another female and, assembly woman and they shoes, jon, other pieces like the "washington post," glorifies, this new political tactic of voting with your feet. lawmakers taking off to other states, instead of -- >> you are ignoring the person who went on msnbc who called the protesters a bunch of slobs and the quinnipiac poll is not an honest question. there is no link between taking away collective bargaining rights and cutting -- reducing deficits and the se...

The federal reserve starts printing money in order to finance the deficit problem, that is when you get sort of argentine-type inflationary cycle and no one expects it to go to triple digits but the point is, it raises expectations and when you raise expectations, the whole market starts to become more aggressive about buying today, what they thought they -- what they would rather buy tomorrow, because that think tomorrow is going to be more expensive. >> and, steve moore -- we are looking to kw...

>> theoretically we should get inflation at some point. it is beginning to show up at the margins with food and fuel. >> is it such a bad thing if you get a little bit of inflation, rapid economic growth? >> the difficulty is how do you predict or hold it down to a little bit of inflation? you could get an inflationary spike, if it went up to 4 or 5% spike it means peoples assets are reduced 4 or 5% and were back at the same position, of the financial crisis and people lost the value of 401(k)s....

Wow, big news this morning. in "the wall street journal." in an interview with that paper, house speaker john boehner said the budget will include -- the republican budget coming up will include trims or cuts in the costs of entitlement programs like social security, he said, and medicare. is he serious? and if so, can any politician of either party weather going after the very broad ranging republican programs. a congresswoman from maryland and the reporter from politico. just to get it clear, ...