Page 13 - Deficit Problems News Today

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Ahead but the other story in the headlines today. america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. its about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that wa...

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Much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyones a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much i...

Leader dick durbin, the two men who have been at the table. congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether theyll go interest a small deal, band-aid approach or grand bargain. >> the good news is while its a nail biter, thats for sure, we all wish we could solve some of these problems without going to the brink like we do in politics, i t...

Grow the economy of the state that he is using now to run all 50 states? >> thats exactly what he did. he also talked about how he knew he was going to solve the states deficit problems because he knew how to get there and find the waste and abuse and so forth. it was very much the same kind of arguments. as you mentioned at the top, he came in, and was not the kind of governor he wants to talk about when he was addressing republican primary voters. he had a lot of agenda items on housing and en...

Right around the corner, i thought it would be worth doing. shouldnt have to do it but if that was the price we have to pay to get democrat support, i was willing to do it. unfortunately the democrats said no, that number doesnt begin with a t, its not a trillion dollars so they were never really very interested. you mentioned repeatedly the democrats wanted a trillion dollars tax height. they said it would come from the people who could most afford it, the highest earners in the country. it was...

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