Page 4 - Fiscal Path News Today

Youre absolutely right. this is why we need to have a legislative ban. the american people get this. they dont send people to congress anymore to see how much you can spend. they want to see how much we can save. people get were in a bad place fiscally, and wasting money on these indefensible projects has to end. >> are you troubled that message didnt get through to the president? only mentioned deficit once in his speech. never mention edit at -- debt at all. >> there wasnt enough message about...

really? and maybe a bunch of billionaires as well. what many people are asking is to buy or not to buy? that is the question today. ali velshi and christine romans have very, very different opinions on whether you should buy in or not. im curious. do you buy? im on facebook. love facebook. is this going to be apple or not? >> remember, apple went sideways for a long time and almost went out of business first, right? its more like google maybe. google went up. >> both were game changers...

President clinton said, yes, we absolutely need to plot a course towards a stable fiscal path, but that course should be triggered by an improving economy. so you say deficit reduction doesnt kick in until the economy is generally back on its feet, generating better growth. to put an economic trigger so we dont pre-emptively start cutting and end up with the austerity kinds of problems you see in europe. >> the president has invited the leadership of the congress, both republican and democrat to...

Think that we have to recognize that what we have fundamentally, first, is a spending problem, we are spending more as a percentage of our entire committee today, almost 25 percent, than we spent at any time since the end of world war ii and this is a spending problem, we have to built that, and we have to recognize it was driving spending, medicare, kid, social security, food stamp overstamps and if we are going to save social security and medicare we have to reform them and get them in a direc...

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Republicans as being the main stumbling block to reaching an agreement. what really happened behind doors? senator joins us live. thank you for your time. we know you have been on a bit of a roller coast are the last few days, what happened? >> well, im terribly disappoint the. i really am. this was a huge opportunity for us to do something really meaningful, thank that would lead to strong economic growth and job creation and again to put our federal government on a sustainable fiscal path that...

Republicans as being the main stumbling block to reaching an agreement. what really happened behind doors? senator joins us live. thank you for your time. we know you have been on a bit of a roller coast are the last few days, what happened? >> well, im terribly disappoint the. i really am. this was a huge opportunity for us to do something really meaningful, thank that would lead to strong economic growth and job creation and again to put our federal government on a sustainable fiscal path that...

The current tax code. not everyone in our party was happy. we offered this reform but republicans put forth good faith offers that would address democrats demands for more revenues. jeb henserling writes in "the wall street journal" today, thats what it came down to. the democrats were absolutely inflexible. they had to have $1 trillion in taxes. >> and pat toomey was the guy who actually put forward. he was on the super committee. hes the one who put forward that revised tax plan. that, as boeh...

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. lets get to it. >> it does feel like dueling bangoes, doesnt it? when you hear both sides of the debate theyre dug in but insist theyre right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> tw...

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plan...