Page 2 - Deficit Reduction Program News Today

Dramatic change and that is what they say they want why odd. they go to one of our rivals instead of you? >> well, my plan is a popsible plan and i have the specifics that show how i will cut $500 billion out of the federal budget and take federal spending from 25% of the gdp down to 20% of the gdp which is in my view closer to the long-range average and makes sense. those that have said look, we are going to get rid of double that amount, i want to see the specifics and look to see whether that...

Change -- thats what they say they want -- why wouldnt they go for one of your rivals instead of you? >> well, my plan is a responsible plan. i have the specifics that show how i will cut $500 billion out of the federal budget and take federal spending from 25% from the gdp down to 20% of the gdp, in my view closer to the long-range average and makes sense. those that have said, look, were going to double that amount, i want to see the specifics and look to see whether that would in fact hurt th...

In a balanced way. so that in order to get our fiscal house in order, were not asking seniors or vulnerable americans to bear all the burden while giving the wealthiest americans, for example, an added tax cut. he doesnt believe thats the approach the american people want and certainly not his approach. so its a combination both of how people assess why we are where we are, but also where were going and who has the best ideas about where we should go. >> jay, all of washington have their eyes on...

In a balanced way. so that in order to get our fiscal house in order, were not asking seniors or vulnerable americans to bear all the burden while giving the wealth neiest americans, for example, an added tax cut. he doesnt believe thats the approach the american people want and certainly not his approach. so its a combination both of how people assess why we are where we are, but also where were going and who has the best ideas about where we should go. >> jay, all of washington have their eyes...

Important in the tax deal was not that my mind was changed around the bush tax cuts, i still think that they were a bad idea, but i think i was able to recognize was that at this juncture the country will kneel better about itself and that will have important ramifications. the most important deficit reduction program that i can initiate is to get this economy growing again. and boy so now hes decided that the bush tax cuts should be let go, should expire, and he says that is going to make the c...

Ahmed karzai. hell also be focusing on the palestinian question of statehood. the trip comes a day after unveiling his deficit reduction program. speaking in the white house rose garden, president obama got tough on his political opponents, threatening to veto any attempt to reduce the deficit using cuts alone. even before the president introduced the so-called buffett rule yesterday, several republicans were already complaining, calling it class warfare. president obama maintains, as he likes t...

The hallmark youre going to be in trouble. >> important information for everybody out there. thank you sochlt. straight ahead, president obama will unveil his deficit reduction program. theyre waiting for him. well be right back. ♪ been torn apart ♪ got so many scratches and scars ♪ ♪ maybe time can mend us together again ♪ ♪ its not what weve done but how far weve come ♪ ♪ i know that we will recover [ male announcer ] here when you need us most. is best absorbed in small cont...

hammered with angry questions. egyptians take security into their own hands. even some children are armed with illegal guns. the revolution giving way to a wild west mentality. im wolf blitzer. youre in "the situation room." the united states is another day closer to a possible default on its debts. 19 days before the deadline theres no sign that political leaders are any closer to preventen an unprecedented and frightening train wreck. right now members of congress are in the fift...

Too much is to raise taxes on small businesses. we have to incentivize the private secretarier to grow, or we are going to see china pass us. but theres no reason we cant do that while we close this deficit and build a better future. >> well, you have started this group called no american debt. there are a whole lot of plans out there. theres a republican plan. theres a democratic plan. theres different versions of those plans. what do you think needs to be done, and how do you put pressure on c...

Monumentally important concept changer, so that when we decide to go to libya, theres hardly a whimper that the united states is now going to get engaged in another war from on high to be sure, but i think thats the thing thats really concerning. people saying whats happened to the fundamentals of our country? >> paul, just on your point if i may. i totally agree with you, it is imperative we get on the right track fiscally. and if we do, we have great strengths. i think we can succeed. this is ...