Page 6 - Debt Bubble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Generation has peaked in spending around the world. they are declining. you have the greatest debt bubble in history and they are fighting an epic battle to stop an inevitable slow down in debt de leveraging. what i am worried about is europe. europe is about to blowup. they had 1.3 trillion massive stimulus program a few months ago and already in trouble again. another 1.6 trillion of what we call under the table loans, short-term loans that german banks and the central banks and the ecb that aren't being paid. that's why there was such a bold statement. europe blows up first. global exports ...

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Rate, really what he was saying was i take advantage of all these favors that the tax code does for the very rich. >> now so we are not talking about him maybe trying to hide the fact he's very wealthy because that's already understood. >> right. >> the figures are not what a lot of people want to see. it's what percentage of his -- the rate, the tax rate, what percentage does he pay based on this unfair capital gain tax percentage and why -- and the bush tax cuts which he wants to maintain. >> the bush tax cuts made the tax code even more tilted to this asset-based income. it also, by the way...

Back with james freewayman, and joining us, opinion.com editor, james taranto. these are huge loans, how big a problem is it? >> it's a big problem and the interesting number, the amount of outstamping student loan debt doubled in the past five years during this dismal economy. when you think about it, it makes sense. what do young people do when they can't get jobs? they park themselves in school and try to get another credential in hopes of improving their employment prospect later. but, as a result of this, they end up going into the workplace with much more debt. hopefully the economy will...

more to the middle might have been able to get something through congress. once he started talking about a big tax increase on the rich, there's no way republicans were going to go for that. i think this has become a political debate not a debate about what we can pass right now. that's a problem when you have 14 million unemployed people. >> didn't the summer teach the white house there was going to be no consensus and trying to do a deal, trying actually to move to the center is what the white house tried to do over the debt ceiling isn't going to work. if you talk to people at the...