Page 28 - Debt Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Economy. right now the unemployment level there is about 24%. they are looking at a decline in the country's productivity in terms of its gdp and how it's been doing. that's expected to drop by 1.7% that means property value also come down again. unemployment levels will probably rise. none of this will fix that greater situation it is certainly a good first step. but there are a lot of people asking questions about what happens next. and what this means for europe overall and there are a lot of concerns that still exist on that front. >> let's clarify something with spain. this is not a debt ...

here's what john edwards had to say after the trial. >> i want to make sure that everyone hears from me and from my voice that while i do not believe i did anything illegal or ever thought i was ever doing anything illegal, i did an awful, awful lot that was wrong. >> the federal government still has the option of a retrial, that doesn't seem very likely at this point. joining me to talk about all of that, senior legal analyst jeff toobin and david peril managing ed tord of radaronline.com and former editor-in-chief of "the national enquirer" which first broke the john edwards pregna...

Ceiling. we ought to ask ourselves why do we have a debt ceiling in the first place? it does absolutely no good. how many countries have debt ceilings? this is a made-up issue. it is manufactured. the issue itself is phantom. we ought to be talking about jobs and creating opportunities and four our young people many of whom are coming out of school this week and next and going to be looking for opportunities to pursue their life's dreams and here we are talking about something that makes absolutely no sense. if we did not have a debt ceiling, what would we say then? this legislation doesn't ha...

The congress piece is equally problematic because if you want to put the congress's part of the debt on the table, they're the guys who are willing to put the full faith and credit of the united states on the line and help us default on our debt. that's where the congress is in the public's minds so i am not sure i would bring that up. >> can i slightly disagree with joanne on that? i think it is largely right when the economy is getting better but i think as we saw in 2010 election, if we begin to get bad economic news and in the summer and the fall in terms of job reports, there is a send at...

Or blue today. i would say how do you have bipartisanship when you have a senate republican leader who said at the beginning of the president's term our job is to make him a one-term president and now we have republicans not only unrunning for office but in office and said bipartisanship equals democrats coming to our side of the aisle. let's let governor rendell weigh in in terms of cooperation, bipartisanship, is it on the menu? >> i think a lot of things that governor pa tack kill said are not necessarily wrong, alex. but i also think he's holding the republican caucus blameless and they we...