Page 17 - Debt Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The average growth rate over the last ten years in china was 10.3%. 7% of that is not sustainable. that type of an economy can't operate that way and they have a debt issue. the leadership in china, i'm extremely impressed with. because i'm impressed with the leadership it's likely it will be well managed. it will be a hiccup and there will be a restructuring, but they make decisions. we are going into the 13th five-year plan. they have plans that they set out and they actually implement. we don't have plans. i think i'm not trying to comment on the pros and cons of the american system. i am s...

Are going to get simultaneous mark reaction as the president is spoking from the markets the world over. you are also going to hear from people who are worried about spending initiatives, compounding the debt issue we are talking about. you can go to a business, that worker gets the markets react close, you can also go to news network, hear the speech. so what are you doing watching anything else? wake up. all right. up next, up next, forgive about this week's snowstorm and bundle up for the latest snow job on global warming. from the united nations, guess, guess, guess who they are blaming no...

That, i believe, second year in a row, you're actually freezing tuition rates. you're freezing it, trying to make it more affordable. you have been looking at this. but you saw those statistics. you're sitting sheer, and this idea that some states are essentially passing on this cost, you know, if the high cost of education issues and helping state universities, by raising tuition rates, and that, of course, then just increases this debt issue. and it's a vicious cycle. >> yeah, and i think you analyzed it exactly correct, chuck. here at purdue, we have announced a two-year freeze, and i annou...

About this. i think at the end of the day, republicans and democrats in a bipartisan manner will help to solve this problem. >> obviously, if you get to 60 votes it will get out of the united states senate. this faces a real uphill battle in the house of representatives for two reasons. conservative members in the house see this as a debt issue, you're adding $6.5 billion to the debt. outside groups, heritage action, coming out against this vote. why are your colleagues in the house so reviled about this legislation? >> if you take a look at the bigger picture -- i retain the same question in ...

Education or research. >> we haven't talked about that and budget committees will put together the deals for the future after we get this done. i have been in discussions for the last eight weeks and six months on how to do this. we will take a look at that. we haven't made a decision yet. >> that are means thinking about the bigger and the long-term debt issue and talking about entitlements? are. >> let me get through today and then i will talk about tomorrow. we sat down and realized we would have to make steps together. none of them were easy and all of them a compromise. if we can get it d...