Page 40 - Deficit Problem News Today

They fought for the tax breaks for the top 2%. they want to eliminate the estate tax. a trillion dollars in tax breaks over a ten-year period going to the top three-tenths of 1%. we are also spending too much on the military. a lot of weapon systems are geared towards fighting the soviet union and the cold war. soviet union doesnt exist anymore. we can make cuts there. we cannot balance the budget on lower income people who are hurting. the rich are getting much richer while the middle class is ...

Republicans and democrats sitting together last night in the house of representatives for the state of the union and it was a union for a little while. >> in a way, it must be a little frustrating for republicans, i imagine, because two years they were beaten from pillar to post. and now they finally have a reprieve in november and then democrats say wait a second, why were we angry at each other to begin with? >> why cant we be friends? >> if it were only that simple. did you notice what color ...

Deficit problem and talked about, you know, a freeze on discretionary spending for the next five years but is talking about i think $400 billion over the next decade, that would be cut, the republicans want to cut $100 million in the next nine months and are talking about the possibility of $2.5 trillion over the next decade and theres a big gap between the two sides. martha: a huge gap. a perfect contrast in the way to put it, $400 billion over ten years is what the president said intending fre...

Is not enough. >> i want a president who is going to hand the unemployment problem, who is going to happened the deficit problem and who is going to hand the national security challenges. >> the president may well mention continued threat posed by north korea nuclear and missile program and the uranium enrichment programs but those are areas he has less to cheer about. >> he has no progress to cheer about with iran and north korea. each has a larger nuclear stockpile than they did when he began ...

Guthrie joins us. good morning. >> good morning. >> savannah, how is the white house preparing for the speech tomorrow night? whats the headline out thereof today? >> i think what were going to see from the president is the posture of where can we work together? it will be in some ways a conciliatory speech, certainly recognizing the change, political landscape from his state of the union one year ago. its expected to be kind of a frame of, here are some things we should be able to do together. ...

Entitlements now and you heard senator durbin, and, will be interesting to see if the president wants to go there, seems to be on safe ground when they try to cut back to 2008, and 2006 levels which the public thinks is high and cant pass that and put it into effect, and, my sense is, they will be in trouble if they dont try, and will be in little trouble if they do. >> chris: what about the establishment and the leadership and the tea party faction... >> when paul ryan put out his road map... a...

The house, didnt the house already pass the extension of the bush tax cuts? yes. you would be correct. two weeks ago, house democrats passed a version of the tax cuts bill. that was the one favored by president obama and most democrats. remember this? >> on this vote, the yeas are 234. the nays are 188. the motion is adopted. >> the motion is adopted. the motion that house democrats passed that night was the extension of the bush tax cuts that president obama and congressional democrats campaign...

Diversity, unity, faith and hope. well, okay. here are the organizers. here are all the people involved in unions. take a look at some of the organizers of this rally now in action. >> we took names. we watched how they voted. we know where they live. >> my message to the tea party is this. you must expel the biggest and racist in your ranks or take full responsibility for all of their actions. >> we dont have a short-term deficit problem. you know that. he knows that. i know that. he knows that...

This is the first time since the depression that unemployment has stayed above 9% for two consecutive years and that is what we have seen. if you try to raise taxes you gorgeous kill revenue coming to the federal government because you will have less people working. 9 way to get our economy moving again and the way to solve the deficit problem is to get more people working, to get more people taking care of their own families, more people paying taxes and controlling the spending spree in washin...

Midterms or 2012, its not -- you dont grade and you dont get any curves and you dont get to grade on a scale. it is pass/fail. and so incomplete was the right answer. >> and when it comes to the other thing where he said he would call the republicans bluff and hes going to put forward tax cuts for the budget, i would tell the republicans to be very careful here. this is the lead up to the debt commission which ive always been wary of. and theyre going to announce that they need to have some cuts...