Page 48 - Deficit Problem News Today

Follow this stuff pretty carefully. the offers that ive made to them have been so fair that a lot of democrats get mad at me. i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered to not only $1 trillion in, over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years. and would solve our deficit problem for a decade. they said that their biggest priority is making s...

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Latest updates on this topic.

So i understand your views about spending, and we can continue on that. but just as a matter of how you try to force those spending cuts, you heard the president. he said he will not negotiate over increasing the debt ceiling. youre saying despite whatever the business community thinks, you may have to push it to the brink once again. >> what were seeing here is the problem, the biggest problem confronting the country, is our excessive spending. if were not going to deal with it now, when are we...

Could cause for about 160 million americans. >> this is a manufactured crisis. we dont have a short-term deficit problem. we have a jobs and growth problem and we have a faltering recovery. we should put off the sequester. put off this grand bargain. come back. let the bush tax cuts expire. make sure the middle class doesnt have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson...

To $10 an hour. she was not able to get medicare. she was 62. shes waited every month to get closer to 65 to get that help. >> lower the age of medicare to 55. make that the bargaining point. >> thats my point. when i was envoking the idea of the symbolic idea, how did it get to the point where the white house feels theres such -- >> they are not proacting. >> theres a term that greg from "the washington post" came up with. the idea is republicans have been making noise for the last few years ab...

And insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wouldnt come along on this. >> paul: wait, wait, hold, hold. 20 million people will be hit-- more people would be hit by the alternative minimum tax, for example, if nothing happens. thats, that, and you know where the taxpayers are, james, i hate to tell you theyre in your state, in new jersey, connecticut and in new york, and theyre in california and illinois. a lot of places where democrat...

Might change or do you think its because of something bigger? >> uncertainty is worse than having certainty. and then, of course, whats the certainty. you know, on the tax rate side, business people look at the after-tax return on investments on people thairchd businesses and we dont know what tax rate were going to use there. we have huge uncertainty about the cost of labor from the health care law or bill. we dont know what thats going to be doing yet. >> when you polled people, they seem more...

Return on investments or people and their businesses. of course, we dont know what tax rate were going to use there. we have huge uncertainty about the cost of labor from the health care business or health care law. we dont know what thats going to be doing yet. well have to see how that works out. >> when you poll people, they seem more optimistic. why? >> i think people are starting to see the light at the end of the tunnel. but dont get me wrong, they are concerned, very concerned about the f...

Would play it. when will we listen and stop the insanity? feel free to answer. >> yeah. look. you know, its a real dynamic in place where it takes the horrible things to happen, a risk of a recession, of a debt ceiling, you know, defaulting on u.s. debt, it takes the really dramatic things to force action but it gets back to the issue of where are the power levers and the forcing mechanisms to make the government deal with the deficit? thats not coming from the markets. the bond market is saying...