Page 97 - Mounting News Today

Revenues will go up, not in any way all of it. but that will help him politically. >> this idea that well grow our way out of it, you look at those long-term numbers, thats not going to happen. the gap between the revenues we have coming in and the expenditures we have going out in the next ten years are not going to be bridged by growth. were going to have to do something about that situation. its a thing that nobody wants to talk about. but there it is. >> two words, baby boomers. as they star...

Buying more things. if the economy improves, tax revenues will go up, not in any way all of it. but that will help him politically. >> this idea that well grow our way out of it, you look at those long-term numbers, thats not going to happen. the gap between the revenues we have coming in and the expenditures we have going out in the next ten years are not going to be bridged by growth. were going to have to do something about that situation. its a thing that nobody wants to talk about. but ther...

Part of it is our economy is growing. its growing at a very rapid rate. a lot of that is stimulus fueled. we dont know how much is stimulus and how much is real. were coming off an earnings season where companies grew revenue for the first time since the crisis began. that may sound sort of wall street to people. but thats what america is about. if youre selling more things, revenue is going up, people are buying more things. if the economy improves, tax revenues will go up, not in any way all o...

Mounting, exploding debt problems in the country. ali, lets listen to a little bit of the clip of the field. film. >> in 2008 our federal budget deaf stfici deficit, which is how much money the government needed to borrow to pay all the bills rose to $459 billion. last year, due to extraordinary economic conditions, our budget deficit exploded to $1.4 trillion. thats over $4500 for every american. >> and then when that graphic and that film goes on to show the projected budget deficits you keep ...

Not bad but the meeting wasnt great. >> it wasnt a break through meeting? >> netanyahu came with a list of things that he was willing to do and it wasnt a bad list as far as the u.s. was concerned. they just dont know if they trust him to follow through with it once he gets home and thats what this morning is about. there is some hope that a process, at least, will be announced before he leaves the country. >> well get into more of all of this in a few minutes. of course, moving on to other dome...

>> we took the lesson of madoff to heart, to a very great degree. >> reporter: you could call robert khuzami the enforcer. hes tasked with uncovering fraud and bringing charges against alleged perpetrators. hes had to recruit some of wall streets top talent without the promise of big paydays, to catch the next madoff, the s.e.c. needs people who know the game inside and out. how do you pick them? can you give me your pitch to maybe a top wall street trader? >> its not that hard to sell. >> repor...

After the stock market crash of 1929. but in the most recent financial crisis, the sec missed the biggest financial fraud in history, madoff. but there are new sheriffs in town. call them the top cops of wall street, and they say this time things will be different. >> we took the lessons of madoff to heart to a very great degree. >> reporter: you could call him the enforcer. hes tasked with uncovering fraud and bringing charges against alleged perpetrators. hes had to recruit some of wall street...

Robert khuzami the enforcer. hes tasked with uncovering fraud and bringing charges against alleged perpetrators. hes had to recruit some of wall streets top talent without the promise of big paydays, to catch the next madoff, the s.e.c. needs people who know the game inside and out. how do you pick them? can you give me your pitch to maybe a top wall street trader? >> its not that hard to sell. >> reporter: really? >> because a lot of people want to be on the right side. >> reporter: but the cha...

And we just heard that senator bernie sanders is going to insist that a vote comes. >> im all for that. and the signatures are mounting. bernie sanders has been a real fighter on that. this is starting to boil to a head. do you think that nancy pelosi, this leap of faith that were all talking about, do you think that the speaker can get the votes on the senate bill over on the house side? >> i believe she can. as long as the reconciliation actually fixes some of the problems house members have w...

Still getting the recruits they need to be dangerous, but a good sign, positive news, if the muslim world is turning on al-qaeda. but they are still a very lethal threat, jon. jon: mike eman -- emanuel, thank you. jamie: toyotas troubles are mounting in the wake of the massive recalls theyve already had and theres news there could be more, now our government is getting more involved, what the feds are planning to do. plus, a violent carjacking, and then a dramatic 911 call from the victim. >> he...