Page 29 - Debt Clock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Say, we are going to sell this building so we can have it on somebody else's expenditure. what we have to do at the federal level is dig into the nuts and bolts of the spend side of this. at the same time, have you to get growth taking place, that means tax structure has to encourage growth. >> on the federal level, it's so big, you know that, who is going to do this? is this up to the executive or up to congress? >> you have smart people. but have you to task them to do it and then have you to get a barrier. the thing we have never had at the federal level is a balanced budget amendment. that...

That unless congress gets together and works together and compromises on this -- >> all right, so you -- >> reporter: also today we heard from bob mcdonald, the republican governor, alex, from the state of virginia. he said the quester was intended as a hammer not as a policy. he said and here we are less than a week away. that's the way a lot of governors specifically view this issue. obviously the states will be hard hit by it, many of those governors expected to be here at the white house later tonight meeting with the president. alex? >> all right. peter alexander at the white house, thank...

The debt clock over $16 trillion. this country is in trouble. the money is gone. they are asking for more, but guess what? they have a president that is willing to give them more. he is already proposing a raise for all federal workers on top of the one they are going to get in march. >> eric: is there a spending cut that a union is willing to like? >> i don't think so. you got to give them credit for what they are. they are constituency. they are only interested in themselves. everybody who goes there and lawmakers are interested in themselves. whether it's a union or another political group....

Jonathan, is big labor a big reason? we'll never fix our spending problem? >> eric, unions destroyed the fuel industry, automobile industry, the public education and literally they're bankrupting government as well. they're only growing in government. unions account for about 36% of government workers. only 6% in the private work force. i tell you, the nerve of richard trumka and the unions to demand jobs. where do they get off with that? we have more government workers now than we had citizens of the countries founded in 1776 and so many of them have nothing to do with actually protecting ind...

There's a lot that can be done in taking away loopholes, dehe duckses on the wealthy, do away with the subsidies to the oil companies, the buffett role that anybody who makes more than a million dollars has to pay 30%. he said it's not suspending problem, it's a priorities problem. we have to get our priorities right. obviously her ideas of what should be cut and what shouldn't get increases are different from the republicans. >> the national debt clock, it's going like this. >> eric: how do they get handle on it? >> well, that's interesting and i really would commend people to watch this inte...