Page 14 - Deficit Problems News Today

Hard decisions, something forces congresss hand. so again, what will the president accept as a consequence to force the congresss hand? >> again it might be more enjoyable to negotiate this with you this morning. i cant get into a great amount of detail, but i think that, one, we have to make sure that you can agree on the initial set of spending cuts. the process for the committee, its essential we think that the debt ceiling get extended off into the future so it doesnt hurt the economy. then ...

And basically some tax increase -- increased tax reven reven revenues, getting rid of loopholes, kantor was expressing skepticism about getting it through the house, not necessarily skeptical in trying to do a big plan but on the numbers himselves. hes of course bun one of the g counting votes. the white house is trying to soothe democrats frantically pushing back that reports on social security are on the debt ceiling table. yesterday he had a hard time not tripping all over that message. watch...

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Or are they just pretending to be serious while side stepping unpopular steps? taking a look at new details of the deal reached last week, you get the senseç progressive and liberals have been relegated to the thanksgiving kiddie table while paul ryan, john boehner and the tea party might be the new power brokers in town. joining us now, nbcs savannah guthrie whos live at the white house. savannah, the white house is being very coy about what the president is going to say tomorrow. are we feel...

Higher, its going to have to be scaled back. but in the end, the numbers are minimal compared to the kind of deficit problems that everyone says we have to deal with. so unless you put taxes on the table, thats a much tougher thing. never mind about the billions in spending cuts. unless you deal with taxes and entitlements, you are not going to deal with it. thats where it gets tricky for tea party folks. >> seems they couldnt have had a worse start to lose three bills in a row, to lose on any b...

President or his stimulus bill helping you in any way? >> helping they what way greta? >> greta: in dealing with your deficit problems? sort of revving up your economy? >> no, we really are struggling here. we you take a look at the ability to really be a state where people want to come and create a job it is very, very difficult. we are under seen here in ohio to tell you the truth. if we can balance our budget, if we can reduce our taxes, if we can reduce our regulations and create an entrepre...

President or his stimulus bill helping you in any way? >> helping me in what way, greta? >> greta: in dealing with your deficit problems. i mean, and sort of -- sort of revving up your economy? >> no, gret a. we really are struggling here. i mean... when you take a look at the ability to really be a state where people want to come and create a job, its very, very difficult. we are under siege here in ohio, to tell you the truth. whats going to fix it for us is if we can balance our budget, if we...

Those specifics are ugly. they do not promote job growth, they go after very popular programs, programs that people can identify and put a human face to. so cutting these things are not political winners, even though they broadly agree, both sides agree, on the importance of bringing down the deficit over the long term. >> their cuts are not political winners, and they are not enough for the tea partiers who campaigned on the notion that they are going to be able to cut much, much, much more tha...

Neighborhoods. despite unemployment and low poll numbers, the president expressed optimism when it comes to the economy. i have never been more confident about the future of our economy if we stay on track and deal with the long standing problems that we hadnt dealt with for decades. if we have a tax system that is fair and helps the middle class, and that also attends to our long-term deficit problems. >> holly joins us ow. thanks f stopping by. >> thank you. >> hes in the backyard talking to f...