Page 51 - Deficit Problem News Today

Months of negotiations, i have little question that as long as this president is in the oval office, a real solution is probably unattainable. >> pelley asked the president to respond to mcconnells statement from the floor. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. what the american people are looking for is not that kind of partisan politics, and im offering a way for us to finally solve this debt and deficit problem in a serious way with substantial cu...

World that we are serious about getting control of our debt? >> nobody believes the united states is going to walk away from its obligations. sean, when i said this is the moment and this is the opportunity, exactly 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. we cannot miss this opportunity. if we want jobs to come to america, weve got to give american business people the confidenc...

Hannity he doesnt believe august 2 is a dodd-dead date for the ceiling. >> dealing with the debt problem and the deficit problem is far more important than meeting an artificial date created by the treasury secretary. >> reporter: but mr. obama insists tim geithners august 2 date is a serious deadline and he tried to avoid alarming the financial market so he compared congress to his daughters. >> malia and sasha generally finish their homework a day ahead of time. 13 and 10. it is impressive. >>...

>> the president emphasized this is the moment. >> its in the going to get easier. it will get harder. so we might as well do it now. pull up the band aid. eat our peas. now is the time to do it. >> but speaker boehner says it takes two to tango and incysts the white house and democrats are not serious enough about cutting spending and entitlement reform. bret? >> bret: mike emanuel live on north lawn. thanks. lets get thoughts on where we stand from the senior political analyst brit hume. good ...

Republicans fight, you and i come together. >> look at that. >> donny deutsche is here making a production of himself already. unbelievable. and we have msnbc political analyst and former chairman of the republican committee looking good. not making a production of himself, just here to give some analysis. >> willie geist, let me say this -- >> hi, willie. did you miss us when we were in connecticut? >> i did. >> nancy pelosi is talking about, i hear we have this deficit problem, right? its what...

Still very concerned about the future of our economy. theyre concerned about taxes. theyre concerned about the tremendous amount of regulations that is coming out of our government. and theyre concerned about the tremendous runaway spending. >> reporter: that is a point that several republicans currently in office such as speaker john boehner are making. we need to get serious about the spending problem. that some of the concern is about our great debt and deficit problem in this country and som...

That they will not lift the debt ceiling, they will not allow the united states to pay its bills, unless you take these draconian actions. >> we get the idea of paying our bills but we pay our bills because we do our jobs. explain to every day americans why the people that we sent to congress and we sent to the hill to do their jobs arent doing their jobs. >> well, we invite the american people into this conversation, because i think that all of us are frustrated, just as the american people are...

Stimulate the economy. the extending of the tax credits will help stimulate the economy and giving tax credits to businesses will in fact hen with the unemployment. so i support both of those things, but what were doing with the debt reduction committee, vice president bidens committee, happens to be something a little bit different. >> well, you have many out there though asking the question, if youre looking at tax breaks for employers, tax breaks for workers, then you have to bring up the obv...

Were inspired in 2008 wont come back out to the polls in 2010 and, unfortunately, that came true. well, were early in the process again and saying to democrats again we want you to win in 2012 but that means no cutting, no trimming, no tweaking medicare and social security. stay far away from that and keep bashing paul ryans plan. >> and does this become a winning issue for, say, like sherrod brown in ohio where 76% of the people dont want anything changed? your thoughts? absolutely. it should b...

>> richard wolffe is at the white house now. so what is the white house reaction to this threat about s&p saying, look, you could lose what is the gold standard of credit ratings? >> reporter: what thats saying is this reinforces what they have been saying for some time now, you cannot mess with the financial markets in talking about not raising the debt ceiling. thats one piece of it, but at the same time, theyre having to say they are serious about discussing some longer term deficit problem, ...