Page 3 - Budget Deficit Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Morgan stanley broker. now that's obviously a con. massive government spend something out of control, period. here's the proof. 2002, the year after 9/11 when the federal government was forced to dramatically increase spending to protect us, the yearly outlay was just over $2 trillion. it were 2012 yearly outl.a. $3.5 trillion. up 76%. every honest american knows the feds are spending far too much. the country may go into bankruptcy if the restraints are not imposed. left wing idealogues will not, will not admit that. >> it is almost a false argument to say we have a spending problem. we have ...

Now that's obviously a con. massive government spend something out of control, period. here's the proof. 2002, the year after 9/11 when the federal government was forced to dramatically increase spending to protect us, the yearly outlay was just over $2 trillion. it were 2012 yearly outl.a. $3.5 trillion. up 76%. every honest american knows the feds are spending far too much. the country may go into bankruptcy if the restraints are not imposed. left wing idealogues will not, will not admit that. >> it is almost a false argument to say we have a spending problem. we have a budget deficit proble...

And we've spent 5, 5 trillion dollars. i know it's impossible to conceptualize, but understand, folks, we've got a 16 plus trillion dollar national debt now. this president has no answer to anything. >> megyn: they say look, we got involved in two wars under president bush that we had to fund and pay for. under president obama they say he inherited a bad economy which he did and stop gap measures to help the unemployed and folks who are on welfare suddenly and so on and accounts for some of that money. they believe that in order to stimulate the economy, you need more spending and this is thei...

Down. how long? >> not quite eight years. >> yeah, may of 2005 is when it started. >> a seven-year reign. >> and it ends on february 28th, according to we'll be following this. to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other...

Focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, you're not going to reduce the deficit. so it is almost a false argument to say we have a spending problem. we have a budget deficit problem ...