Page 5 - Deficit Problems News Today

Here, you know, our consumer confidence has been dropping week by week and well get right back into slow growth and then well freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up, wall street is happy with pushing the problem...

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 in taxes. its worth getting a bit of perspective in here. youll be shocked to know, we got a graph for that.

Prefer frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean its not an option for us to just sit by and do nothing. >> that was president obama in the summer of 2011 speaking the hard truths about entitlements. it did not exactly play well for him then and hes been largely quiet on the issue since, perhaps...

Divisive. >> thats her republican opinion. i think the divisiveness came from a bunch of republicans who vowed from day one they werent going to work with this president. from a bunch of republicans who wanted nothing to do with him. he worked on jobs and they rejected the jobs bill he put forward. they rejected a bill to solve the deficit problems by trillions of dollars in cuts to get taxes raids on people. >> talk to republicans on capitol hill. this is the least cooperative president we have...

We cant get this done unless we ask wealthiest household the pay higher taxes on income above $260,000. pay the same rate we had when bill clinton was president. >> what we see out of the president is simply the lack of leadership. no leadership in solving the deficit problems. no leadership when it comes to the fiscal cliff were going to face with tax rates going up january 1. sequester hitting january 2. >> bret: get ready. the fiscal cliff standoff is coming. the white house is signaling they...

Is going to wait until after the election, it is fought because they are playing it so good they dont want to spoil the secret. that is usually not what is going on. >>reporter: the only certainty is they will wait until at election to sort this out. >>reporter: and the president has not had a meeting in months beating up on the president in illinois saying the president has been in part for the dinner that mit my will speak, and he will do jokes there and taping an episode for tonight and speak...

Withdrawal that is the veneer for this whole problem that afghans dont believe our commitment is there. they dont believe we are there in the long term and that erodes and the taliban exploits the gap. they will dilute or get rid of that and opening up the opportunity for better partnership and hopefullyy less violence in afghanistan. >> allyson: what about budget cuts, how will that our veterans. >> look at the ryan plan, it doesnt cut veteran benefits at all . what ryan does he crystallized th...

on this years summer games. and no men allowed. saudi arabias ambitious new plan to separate the sexes, a first of its kind city exclusively for women by women and of women. "newsroom" begins right now. good morning and thanks for joining us, everyone, im deborah feyerick in for carol ko costello. the wisconsin congressman hits the campaign trail on his n. he is set to visit the iowa state fair today. meanwhile, mitt romney will continue on his bus tour. the gop candidate is in flo...

Victims in the system. 60% of them say, our system is basically fair. how to grow the economy they didnt talk about fairness. they talked about opportunity. >> when the president of the united states or any politician equates spreading the wealth around with fairness that is fundamentally at odds with what most americans think. >> even democrats think its progressive though still argue taxes on the wealthy have to go up. >> we 5/6 country that is aging. we have a deficit problems going forward. ...

Maryland and pennsylvania and he went back to that strategy of blaming the bush administration, pointing out, which is true, that he inherited a lost economic problems, he inherited deficit problems but i spoke to the republican strategy early today, and he basically said that has a limited political appeal. >> policies have failed and fail miserably and you cannot go out and say things are going to be different in a second term when it is the same thing. also not enough to say, bush left me a m...