Page 52 - Deficit Problem News Today

America in absolute terms. and in inflation adjusted terms, its the biggest since world war ii. probably for that we all deserve medals, the entire congress. relative to the size of the problem, it is not even a rounding era. in that case we probably all deserve to be tarred and feathered. i mean $38 billion of savings. in february the deficit alone was over $200 billion. it is the shortest month of the year. we have a deficit problem that is spending driven and until we get control of spending,...

And the white house senior adviser david plouffe, he made the rounds on the sunday talk shows really talking about this. and you notice the way they talk about is in terms of savings in the medicare and medicaid programs, saying, well, social security, they dont believe is one of the major drivers driving up the numbers at the moment. they want to make that part of the conversation as well. listen here to a little bit of david plouffe. >> we clearly have to do more. so youre going to have to loo...

International pressure or any outreach. >> reporter: a crackdown so far prompted little international condemnation and almost none from other arab states. >> richard engel reporting from benghazi, libya. in his briefing yesterday jay carney reiterated the mission of the coalition action in libya is to protect civilians, to enfor the no-fly zone and enforce an arms embargo and not to, quote, affect regime change by force. back in the states, the white house and republican leaders are butting he...

Important things to say about how to solve the deficit problem, how to get jobs back in this country, how to fix the economy and theyd like to be talking about that rather than birthers. not enough of them have been saying this is nonsense but i think a lot of them would like to get rid of it. >> lloyd, last thing to you here. do you see anything in his behavior given some of the appearances hes made, the interviews and more so the appearances, im talking about florida at a tea party rally, he h...

Some point. it is showing up at the margins with food and fuel. >> stuart: is it such a bad thing if you get a little inflation and rapid economic growth? >> how do you predict orç hold it down to a little bit of independent . you could get an inflationary spike, 4, 5% means people as assets are reduced we are back to the same position we were at the financial crisis. >> i think one of the problems is that you are not factoring in what they call inflationary expectations. once people start to ...

>> people screaming and threatening another female and, assembly woman and they shoes, jon, other pieces like the "washington post," glorifies, this new political tactic of voting with your feet. lawmakers taking off to other states, instead of -- >> you are ignoring the person who went on msnbc who called the protesters a bunch of slobs and the quinnipiac poll is not an honest question. there is no link between taking away collective bargaining rights and cutting -- reducing deficits and the se...

Printing money to finance the deficit problem, thats when you get an argentina-like inflationary spiral. >> stuart: fighting words argentina-like spiral. >> obviously no one thinks triple digits. the point is it star to raise expectations. when you raise expectations the market starts to become more aggressive about buying today what they thought cash what -- what they would rather buy tomorrow. stew steve moore the left is urging on the printing press. -- >> stuart: self moore the left is urgin...

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Much and the educational. >> because of insurance companies gouging americans. their profits increase 1,000 percent. 1,000 percent over five year period. >> bill: the doctors and pharmaceutical companies arent going to charge any less. im at the top of the chain, okay? the earning chain. how much money do you take from me? what percentage to fulfill your vision of these entitlements what do you take from me. >> i dont have a specific number. >> bill: doctor thats irresponsible. >> tax at 90%. >>...

Passed that night was the extension of the bush tax cuts that president obama and congressional democrats campaigned on. it it was tax cuts just for income below a quarter million. the bonus tax cuts for income over a quarter million for the richest americans, those were allowed to expire. thats the what they passed. also the estate tax would return to the level it was at during the clinton administration. weve got a huge deficit problem. they only benefit rich people. we cant afford these givea...