Page 11 - Debt Ceiling Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Most americans are asking why can't you just be reasonable and set aside differences and try to come together? everybody thinks america ought to pay its bills. and so there's never sort of any sense that someone wants to take the country off the cliff. we are trying to solve the problem so we can get the entrepreneur nears of the country back in the game again. >> and congressman scott said he would do it, and wait and see what happens. i'm curious, i assume they are waiting to see who is elected president. that has a big impact on you, right? >> it's a huge consequence to the country who is e...

Political institutions in the world. we do have this debt ceiling problem. but eurozone has been around for ten years, it began in 1999. greece came in in 2001. we did not come into -- we did not come into existence ten years ago. so what people are pricing in in europe is a belief about political failure. a belief about the future survival of this currency. we have nothing like that. this means they need to do things we don't. we think of austerity in this country and we think stimulus. stimulus is ha they need. and that's a bit of it. but it's bigger there. they need to be willing to deals w...

Tax cuts to expire, we have the other things hitting, the president in the comments said the key element of the budget is protecting the recovery, not doing anything that could be contractionary, if the bush tax cuts expire, if we have a debt ceiling problem, that would be a really big drag on the economy in 2013. enough possibly to derail the recovery, how do you play those against each other? that seems to me to be the other side of the republican leverage against the democrats. >> first i agree it would be far too large, we don't want that kind of fiscal austerity too soon. we want more sti...

And clearly the president wants to seek council from outside of that. and he alienated people on both sides of the aisle in congress. it was his idea to have the joint session of congress on the night of a gop debate which caused a problem. so they changed it. clearly the president did not appreciate hisç council and looking more towards shifting to campaign mode. >> and the debt ceiling problem that left a long weekend. there's a lot of talk, ed, and the obama book sort of touches on this, about the isolation of the white house. when we look at the bill daley appointment and some of the com...

i'm erin burnett. "outfront" tonight, countdown. >> nothing is over until we decide it is! was it over when the germans bombed pearl harbor?! hell, no! >> germans? >> forget it. he's rolling. >> and it ain't over now. because when the going gets tough -- the tough get going! who's with me?! let's go! >> we're with you. that was john belushi inspiring the troops in "animal house." and that's the kind of inspirational message our super committee needs to get the job done. they have five days to make a deal. now, if you think that's not a lot of time, consider this. any proposal must be...