Page 30 - Debt Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

20 trillion. even if you took every pen any of the rich folks', money, it would barely put a dent in our debt. >> absolutely, rand paul is absolutely right. 10 cents of the dollar if you confiscated the wealth, if you confiscated the wealth you would trash the economy because there would be no investment. the only way to get washington fiscal under order is growing economy. the only way you get growing economy with big massive tax cuts across the board, john kennedy did it, ronald reagan did it, i hope donald trump makes congress do the same thing. david: john, there's another way to lower the...

Beginning of the tax process. so pass the budget in the next couple weeks, move to tax reform because of the budget and other topics will continue at the same time separately. maria: so what is your feeling terms of deficit neutral, revenue neutral when you look at tax reform for the overall budget. when does the deficit and debt of $20 trillion become sort of a near-term crisis situation. >> the deficit is driving why we are doing what we are doing right now. a lot of us, myself included have come to the conclusion we are never going to solve our debt problem just on the spending side. we sim...

Than later. >> what has changed between congressman mulvaney on the debt and budget director mulvaney when you said earlier this week, we need new deficits to increase economic growth? >> this is what's changed, is that i've come to the realization that washington is not going to solve the debt problem, the deficit problem, through spending. i had come to washington in 2011 and had hoped that would be the case, that we had a spending problem and not a revenue problem. >> you've come to that because you acknowledge that there is only so much spending you can cut? >> no. there is a political wil...

On debt and deficit. take a look. >> how can we possibly have a credible discussion about the debt and deficit and not include defense? >> more and more people are recognizing the threat to the overall economy the debt presents. >> we ran up this debt. what are we going to do to make sure it doesn't happen again? >> the debt is a problem that must be addressed sooner rather than later. >> what has changed between congressman mulvaney on the debt and budget director mulvaney when you said earlier this week, we need new deficits to increase economic growth? >> this is what's changed, is that i'v...

Here's congressman mick mulvaney on debt and deficit. take a look. >> how can we possibly have a credible discussion about the debt and deficit and not include defense? >> more and more people are recognizing the threat to the overall economy the debt presents. >> we ran up this debt. what are we going to do to make sure it doesn't happen again? >> the debt is a problem that must be addressed sooner rather than later. >> what has changed between congressman mulvaney on the debt and budget director mulvaney when you said earlier this week, we need new deficits to increase economic growth? >> th...