Page 50 - Deficit Problem News Today

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He put it on something monetary, he said inflation, inflation tends to be a dirty word, enemy for the 70s and 80s and its the enemy, is it not the enemy now, actually a different moment? >> its tough. what you need is unanticipated inflation or else it will get built into the interest rates charged on debt and so on and so forth. thats a risky game to play because if your central bank is injecting unanticipated inflation into the system, you can lose credibility quickly. there are no good -- im ...

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, abobut o 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 was a more functional place, that might be reassuring to the markets, that might offer the ...

We dont appear to have their act together. the president is putting his plan in writing on the table. this is frustrating to me. on the very day the house is voting on real substantive kutsz dealing with the foundational issues of our debt problem that would help bring recovery into play why did they give the president the ability to run out with a gang of 6? haehn hang on a second we have a plan and distract the country with what i thought they were focused on democrats were opposing it and we ...

Issues of our debt problem that would help bring recovery into play why did they give the president the ability to run out with a gang of 6? haehn hang on a second we have a plan and distract the country with what i thought they were focused on democrats were opposing it and we have to stop the measure with the oconnell issue. its like they are negotiating with themselves and the president hasnt put up a plan. >> one of the members of the gang of 6 the senator went out of its way to say wait a m...

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What do you know is the state of play? >> good afternoon. basically what the state of play is its very fluid. were looking at what the talks between the speaker and the president are, those details have yet to be shared. we also are looking at what would be a plan b. nobody wants to see default. all we want to see is some spending reductions, spending cuts, as we grapple with this issue. so its a fluid situation. weve got 12 days. cool heads will prevail and we just want to cut spending. >> how ...

Issues of our debt problem that would help bring recovery into play why did they give the president the ability to run out with a gang of 6? haehn hang on a second we have a plan and distract the country with what i thought they were focused on democrats were opposing it and we have to stop the measure with the oconnell issue. its like they are negotiating with themselves and the president hasnt put up a plan. >> one of the members of the gang of 6 the senator went out of its way to say wait a m...

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Its what i mean. dealing with this debt problem and this deficit problem is far more important than meeting some artificial date created by the treasury secretary. >> abby, what is he talking about? why is this considered by him an artificial date? whats the objective? >> lots of republicans dont believe that august 2nd is a real date. they think that the treasury can go forward and do other things to extend that deadline. what the president is going to really emphasize today is thats not an art...