Page 49 - Deficit Problem News Today

Forward and what hes always said and our republican leadership has said the president should put a proposal on the table end he did. they decided to reject it immediately. of course thats the beginning of a discussion but its very consistent with what the president has been offering and suggesting all the way through which is we do need to have a balanced approach. we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as maki...

Latest updates on this topic.

Latest updates on this topic.

If congress does nothing. so all of a sudden there are pressures that can bring the budget deficit down. the deficit problem gets solved in a blunt, crude way but maybe thats how democracy works. its easy to spot all the problems we face, but i think there are also some silver linings here and thats where im putting my money. so lets get started. youve heard my thoughts. im now joined by three experts who have agreed to gaze into their crystal balls for 2012. anne marie slaughter, teacher at pri...

Spending a lot of money this year. $470 billion is how much americans were expected to shell out for the holiday shopping season. that is up about 7% from this time last year according to some analysts. those same analysts say its because of lower unemployment numbers, deep discounts and consumer confidence being on the rise. but while the overall numbers look promising now, some of the economists warn it is not necessarily a benchmark for the new year and retailers cannot get too excited just y...

Dont mean the right element of it, i mean the populous impulse of it. the idea of moving away from the institutions and the elites managing the power. the fact is that the congress and the members -- and representatives in the congress recognize post citizens united in our contemporary context. that as angry as the people may be, that the translation of that anger into election outcomes is much more tenuous than in the past. >> we will get to occupy wall street. i think the tea party has been ab...

Patently not true. we just cut $917 billion without one dime of new revenue. he knows it. we just did it. we cut $550 billion in the health care act, from medicare. we didnt raise -- i mean, this is just nonsense. >> if the supercommittee cannot come to a consensus, automatic spending cuts will kick in $1.2 trillion over ten years to domestic and to military programs. half of that would be to military. defense secretary leon panetta warns the cuts slated to start in 2013 could cripple the milita...

Get the economy going the government is a big winner when the economy is moving. right now, weve got -- weve thrown a big, wet blanket over the private sector economy. we borrowed too much. weve spent too much. were dramatically overregulating every aspect of the private sector. in our country. and now were threatening to raise taxes on top of it. thats not going to get the economy moving. >> isnt the reality, leader, that you laid out the political playbook for republicans, and thats to make th...

Was a big step in the right direction and it helped reduce an economic boom for a fairly lengthy period of time. so tax reform were certainly open to. were not opposed to more revenue. the way you get more revenue is get the economy going. the government is a big winner when the economy is moving. right now, weve got -- weve thrown a big, wet blanket over the private sector economy. weve borrowed too much. weve spent too much. were dramatically overregulating every aspect of the private sector i...

Couple of weeks here, its not going to be us either, because not only is our economy in much worse shape than we realized it was even three or four weeks ago when we got the new commerce department numbers showing that our gdp losses over the last couple of years have been massively understated, but our political system is deeply broken. the markets are wondering how were going to get out of this hole after we finish playing our games. >> is there anything that washington could do, if washington...