Fiscal Problem News Today

columbus, ohio airport. the flight on its way to phoenix, arizona. daters bird strikes can be remember back in 2009 era pilot salih sullenberger leading his u.s. airbus in the new york city hudson river safely saving everyone on board. cb cotton live in the newsroom with the latest on this mornings air scare. >> this new video, more than enough to terrify frequent fliers this morning. the good news the flight was able to land safely and everyone is okay but the faa just telling us in t...

>> know we are the only one that has a plan out there. student less interesting? when you want to avoid somebody to talk about something you are afraid youre not just afraid but you know you can something wrong. this is a president that has ignored where the greatest crisis we have before us our fiscal problem. every great nation has collapsed to the overextended themselves. >> mccarthy says he plans to have a boat on debt ceiling bill that will go over the senate were officials say it has littl...

Vulnerable here and how did he overcome the economic situation in new jersey that jackie just mentioned? >> hes funnerable on this. and his answer will come in with a tough situation and he made it better in trying to fix the long- term fiscal problem of new jersey and he couldnt over come the structural problems that new jersey had. it is not soaring like texas was. will that sell? i dont know. he has to make a story up. >> and hes a unique personality and even if we talk about approximate perr...

The dow is hitting new highs, some things are looking good, but weve got a serious fiscal problem in the country. were one week into the so-called sequester, the forced spending cuts because your elected leaders couldnt come up with a better way. paul ryan will release his budget. sure to create a new whirlwind of controversy over taxing and spending, lets talk about it. joining me now is david lion hart, the washington, d.c. bureau chief for "the new york times" and author of the must-read grea...

Machine. >> real revenue growth is critically important as long as real cuts in spending if were going to solve our long-term fiscal problem. i made it clear to the president that i would put a trillion dollars worth of revenue on the table if he were willing to put a trillion dollars worth of spending reductions on the table. we have to find a way to address this significant spending problem that we have and we need to find a way through tax reform to begin to grow our economy in a way that wil...

Out of the economy. for the long-term when people say correctly, we have a serious, long-term fiscal problem, the cause of the problem is that if we dont do anything the debt will rise faster than the economy grows. and ultimately well have to pay so much in interest payments, were in big trouble. but what we need to do to prevent that is to keep the debt stable. to keep it from rising faster than the economy grows. and to do that you need deficits below about 3 or maybe 2 and a half percent of ...

Bargain? >> well, it depends on whose math you subscibe tompt >> nonpartisan. >> the cvo has one and the white house has theirs . others say it adds 600 billion in revenue and cuts the deficit . >> no. you are subtracting the tax hikings. they took that into consideration. that didnt negate it? >> o&b calculates it differently in terps of what is deficit cutting and what is not. we have a serious fiscal problem. everybody understands that and in dealing with entitlements, the president acknowled...

He hopes everyone gets a chance to drink some el nog, sing some christmas carols and get with their constituents to aeu to tell them they can get something done. all this will only cut $8 billion as opposed to the $4 trillion. cant america do better th-pb. >> the discussions have been focused entirely on taxes. even if you adopted all the presidents tax cuts -- tax increases that he wanted it would do so little to touch our long-term fiscal problem. it really needs to be entitlement reform and i...

Solve our countrys debt problem, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important, as long as real cuts in spending, if were going to solve our long-term fiscal problem. as i said five weeks ago, the election wasnt a mandate to raise taxes on small businesses. it was a mandate for both parties to work together, to take on the big challenges that our country is facing. republicans are ready and eager to do just that. we made a reasonable offer....

Paul ryans going to want to make, weve got a serious fiscal problem on hour hands. some people in washington pretend not to notice that but trillion dollar deficits year in and year out, debt that has reached 100% of total economic output this is unsustainable. paul ryan put a plan on the table. you dont have to necessarily agree with every last element in there t. but acknowledge it is a thoughtful, thorough, comprehensive plan that gets our economy growing and puts on a path to balance. wheres...