Page 3 - Entitlement Problem News Today

You know, this is epical. this is not something thats going to happen, hopefully, until a couple of generations from now. we should have hit this -- >> youre talking about the 2008 collapse? >> thats right. >> so you dont think were facing what japan faced? you dont think this is -- you think this is cyclical? are we going to -- >> well, yeah, it is cyclical. theres no indication -- theres no hint there. people have looked for evidence that theres some fundamental flaw in the u.s. economy that a...

Do -- >> bob: bush tried to save it for the saving account. this is changing a formula that exists. if they have people and others on the left screaming about this tax bill. >> eric: on midnight, the night before, whenever the debt ceiling, and tim geithner decides he is going to run the debt. we are at the debt ceiling now. of today. were at the debt ceiling. playing with numbers to give us a couple of months. >> kimberly: but this is like the "f" student. take the worst guy and the "f" student...

Democrats up in the debate which means that the debate is closing and we could have the final series of votes which is what we have been waiting for. as we wait for that i want to bring back jonathan hoenig from capitalistpig .com about the market reaction. we have been talking about what whatarkets may do and whistle they have done up until now about washingtons back and firth. your additional thoughts? we didnt talk that long about an hour guy. >> bret, i do think you will likely see some sem ...

>> bob: bush tried to save it for the saving account. this is changing a formula that exists. if they have people and others the left screaming about this tax bill. >> eric: on midnight, the night before, whenever the debt ceiling, and tim geithner decides he is going to run the debt. we are at the debt ceiling now. of today. were at the debt ceiling. playing with numbers to give us a couple of months. >> kimberly: but this is like the "f" student. take the worst guy and the "f" student showed u...

As ronald reagan would say you have got to give 10% to get 90. megyn: the republicans -- they are not going to do that, are they, noel, they dont seem to believe tax increases are whats needed. >> its not a republican problem. this a democrat entitlement problem. >> grover norquist talks about -- to be fair, he put a lot of republicans in a tough spot. you have got lindsey graham and steve king saying we understand its a different day. megyn: this is what charles krauthammer. he says you are doi...

Mcconnell, cantor, boehner, et cetera? >> there has to be a compromise. i disagree with you on rates because i think rates ultimately hurt us. reforming the tax code where the wealthy actually pay more would actually help us collect revenues and also stimulate the economy, and we shouldnt lose sight of that because we did that under reagan with tip oneill and several others. we actually accomplished some great things for our country where we had economic growth in excess of 4.8% for over four ye...

Of the aisle and 50 votes from a combination of the democrats and republicans in the senate? does it have to go through mcconnell, cantor, boehner, et cetera? >> there has to be a compromise. i disagree with you on rates because i think rates ultimately hurt us. reforming the tax code where the wealthy actually pay more would actually help us collect revenues and also stimulate the economy, and we shouldnt lose sight of that because we did that under reagan with tip oneill and several others. we...

Cetera? >> there has to be a compromise. i disagree with you on rates because i think rates ultimately hurt us. reforming the tax code where the wealthy actually pay more would actually help us collect revenues and also stimulate the economy, and we shouldnt lose sight of that because we did that under reagan with tip oneill and several others. we actually accomplished some great things for our country where we had economic growth in excess of 4.8% for over four years. so we shouldnt lose sight ...

Bushs year. you have cant blame $641 million on president bush. gawps dana said its entitlement problem. part came in the issue. >> andrea: can i finish? >> juan: free the rich, free the rich. unshack the rich. how much do you want to give thrich? >> andrea: he made it worse. there is no fend sight to what hell spend. >> greg: the main point, the real challenge here is the message. the media is ignoring it. looking to the media economic analysis is asking dana for analysis on roller coasters. sh...

Already on a path that both parties have agreed to that i think is unhealthy for the country. >> i disagree with you that were squeezing these areas, but i think one area maybe we can agree on is both sides dont have the guts to take care of the long-term entitlement problem. >> no one is putting forward real plans. >> right. >> so instead, they are going after the 12% of the budget where you do have education and r and d and infrastructure. >> thats what i mean by squeezing. that shrinking -- >...