Page 16 - Debt Level News Today : Breaking News, Live Updates & Top Stories | Vimarsana

He could not answer how he was going to pay for this $5 trillion lowering of the tax rates. he couldn't list a single deduction, a single loophole, that they would close, except he said we would go to congress. now, what they're saying is that we're not going to tell you, we're going to go to congress and, surprise, we'll see it after the election. it's the same stuff that -- >> where's the obama plan? he's had four years. he can't even get a budget passed. >> why? because you have a congress that has signed pledges not to cooperate. >> the obama budget was killed 535 to 0 because it raises th...

>> neil: from charlotte with love but in case you missed our spectacular coverage of the democratic national convention, i want you to take a look at this. >> "fox business" coverage of the election 2011. the democratic national convention. >> if it's important to you we mean business and we don't talk about it, we go all night covering it. >> rather than ine engaging in gimmickry, let us engage on what should be done. what should be done? jo i don't. >> neil: i don't want to interpret you. it's ironic we have according to the united states treasury eclipsed a $16 trillion debt level. >> in or...

The debt level yesterday across the 16 trillion-dollar mark. that is $136,000 for every family. imagine if someone came to your door and wanted to collect that. up next, stuart varney and what america is looking forward to for the next four years. and growing concern about one group who says politics are at stake at the doj. >> president obama and the band of his merry men, might as well erected their own pink sign at the arizona mexico border saying welcome all illegals to your united states. our home is your home

Debt level increase, and they grow to sequester funds and, then, guess would wants to remove that? liberal democrats and conservative republicans. >>neil: do you think we have the debt clock running in here and that is a different view on the issue you have made, but $16 trillion is a lot of money and ever, ever, ever, can we get that paid off? >>guest: not a prayer. governments never pay off the debt. but they liquidate the debt. you do not pay it off or earn it. we get into trouble, we do. >>neil: can you grow your way out of the it? >>guest: not at this point. you can inflate your way out, ...

Pass greece currently unsustainable debt level if we stay on the course we're on. so the the message from greece is twofold. it's they have a terrible competitiveness problem that is almost uniquely greece that they have to solve, it doesn't relate as much to us, but the consequences of overleveraging yourself and taking on too much debt we can see pretty clearly in our own situation. >> so, michael steele, just looking at the politics of this, front page of the "new york times" this morning, all the different foreign crises that are impacting this presidency as obama also seeks re-election an...