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

Succeed, america succeeds. he opened up housing for everybody. when leaders put country above themselves and understand the office, it's far better, far greater than themselves. that's what leadership is about. >> one thing that hasn't been mentioned, tom, and this is something that republicans and democrats did together over the course of the 1990s, we were facing what we then thought was a deficit problem, a debt problem, and george h.w. bush made a deal with democrats that cost him his presidency a few years later. bill clinton made a deal with his own party, democrats that actually cost hi...

For example, any number of latin american countries, anybody who has to pay down their debt in dollars is going to have a problem. you may see a ripple effect in emerging markets. china has got a big debt problem. if these issues spread to china, that could be a big issue for the global economy. >> steve moore, let me ask you about what trump is doing. what's always struck me about american economic strategy, for the last -- recent since the 1920s, the united states has tried to act to stabilize. so when other things were going haywire, the u.s. would step in and be the lender of last resort, ...

Up. we're at the end of that period of easy money. that's going to make it harder for anyone who is weak, turkey but a country like south africa, for example, any number of latin american countries, anybody who has to pay down their debt in dollars is going to have a problem. you may see a ripple effect in emerging markets. china has got a big debt problem. if these issues spread to china, that could be a big issue for the global economy. >> steve moore, let me ask you about what trump is doing. what's always struck me about american economic strategy, for the last -- recent since the 1920s, t...

Spending bill that will be first voted on in the senate, which increases the deficit quite a bit, some $500 billion, but it doesn't address specifically the issue of immigration and i know there are a great many house democrats like yourself who would like to see that. what is your opinion of this senate bipartisan deal? >> i have a big problem with this spending bill because it is drunken sailor level spending. and i'm in the going to go along with it just because the domestic spending is as high as the defense spending, which seems to be the bipartisan agreement here. we just put 1.5 trillio...

Only one-third of that in combat accidents. that's kind of trend we're seeing. so we have to invest in our military. if you want to defeat isis, if you want to push back against iran, if you want to push back against north korea, you've got to invest in the military. on the broader thing, we do have a debt problem in this country. 75% of money the government spends we don't have control over. that's where we have to do reforms in order to balance the budget long term. >> dana: a former senator wrote this on his blog. other than their relative prioritization of defense over nondefense programs ...