Page 3 - Debt Increases News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> a lot of these entitlement issues really are issues for people who are 18 or 20 today. because when medicare is going to go completely broke, when benefits are going to be reduced for social security, when other entitlements go broke that's when people who are in their teens or early 20's now are 45 or 55 and also the national debt comes due. the fact that it's gone to $17 trillion those interest payments continue the debt increases and they are the ones who pay it. >> emily you say -- republicans say a lot of it obamacare has been tough on the economy and creating a problem for the young p...

Historically wrong. about half of all debt increases since 1978 had some strings attached or came in a bundle with other things. so that's just wrong. and then i also love, and some republicans fall for this where obama says, how dare you use the debt limit debate or the debt ceiling debate to talk about spending. if we don't immediately agree to spend more money, we're not going to be able to spend more money. it's nonsensical and the idea this gets reported by the media with a straight face. i think when you're coming and begging for an increase in your debt, that's probably a pretty good ti...

Historically wrong. about half of all debt increases since 1978 had some strings attached or came in a bundle with other things. so that's just wrong. and then i also love, and some republicans fall for this where obama says, how dare you use the debt limit debate or the debt ceiling debate to talk about spending. if we don't immediately agree to spend more money, we're not going to be able to spend more money. it's nonsensical and the idea this gets reported by the media with a straight face. i think when you're coming and begging for an increase in your debt, that's probably a pretty good ti...

Money. you pull out the clip from 2006 when he was a senator and he says it's a failure of leadership to increase the debt limit again. we shouldn't do this. and that also tells you in 2006 the republicans were actually running the show. so whatever party's in power always wants to spend more. and they always -- they are like wimpy from pop eye, they want to eat the burger now and pay you next tuesday. we have been doing that for so long we have 100% of gdp, all economic activity in the kriuni states, we owe that in debt and we have to start tackling it now. >> what's great is that senator oba...

Begin? >> i think that's the point we're at. i think those who thought shutdown was a good idea have now learned it's not a very good idea. in fact, it's a dumb idea. we need to open the government for all the reasons sherrod was just discussing. a very short-term debt ceiling increase is not a real good idea because you're just pushing off the debate we're having now to right before thanksgiving. i think what we should do is get the government back to work, set a fundamental framework where we could have negotiations on long term entitlement reform that will bring about savings in terms of de...