Page 4 - Fiscal Problems News Today

really arent too terribly far apart and the deal can be done by the august 2nd, tuesday deadline. lets listen to the president, this is when he spoke around 10:30 this morning. lets listen. >> good morning, everybody. i want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit. right now, the house of representatives is still trying to pass a bill that the majority of republicans and democrats in the senate have already said they wont vote ...

for news international and tabloids over in great britain possibly tried to hack into the phone numbers of 9/11 victims and possibly some other u.s. citizens, so now this scandal that started over in great britain has a chance to make it to the united states and the fbi it appears right now is getting involved. well have much more on this still developing story throughout the next couple of hours here on cnn. also coming up for you this hour, the man accused of killing and mutilating a...

Just focusing on the spending. evidence of the british case looks doubtful. very worried. in the u.s. case ive never seen an immediate budgetary position. thats a problem. the u.s. can borrow in current circumstances very easily and will be able to do so for some years. its the medium- to long-term fiscal problems, the problems over the next 20, 30 years that have to be dressed. there will be this huge fiscal deficit. i forecast it before the crisis happened that that would be a consequence. i t...

The u.s. can borrow in current circumstances very easily and will be able to do so for some years. its the medium to long-term fiscal problems, the problem ofrz the next 20, 30 years that have to ab dressed. i forecast it before the crisis happened that that would be a consequence. i think the u.s. should be relatively relaxed about the short term and very much more concerned about the medium to long material. >> medium to long term, the ryan budget plan, does it solve the medium to long term? >...

That caused this tremendous turnout, they will still be able to negotiate wages but some limit on that. is that the main stumbling block for people that are opposed? >> you hear things, taking away their collective bargaining rights, these arent rights, these are the perks they received because they affected who they negotiated across the table for many years. wisconsin is broke like a lot of other states we no longer can use gimmicks or kicking the can down the road to fix fiscal problems. the ...

>> basically it is the numbers are off but the gist of sit correct. >> correct. >> i think the numbers were off and the gist is incorrect. my calculations says if you take the logic of face val ushgs upper than bound impacts, something like two, three times the percentage point, it is rounding and gdp growth and fundamental logic is we need to take off the table the large future budget deficits which will mean higher interest rates or taxes or both so the businesses have the confidence to go out...

>> i dont think theres any doubt that the states fiscal problems, unite everyone. your audience more conservative than the populous but reflective of those values watch the unions have done wrong is not make this clear that theyre prepared to do the give-backs that have to be done to keep the state whole as a means of protecting the right to organize. >> sean: obama interjecting himself and these politicians running to the best western in illinois, i think is alienated the public. i think what i...

>> i dont think theres any doubt that the states fiscal problems, unite everyone. your audience more conservative than the populous but reflective of those values watch the unions have done wrong is not make this clear that theyre prepared to do the give-backs that have to be done to keep the state whole as a means of protecting the right to organize. >> sean: obama interjecting himself and these politicians running to the best western in illinois, i think is alienated the public. i think what i...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise r...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise r...