Page 23 - Debt Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The area that hasn't improved is government debt. that's where we get into economic policy questions. what have congress and the white house done to prepare. this gets to the point you were making a moment ago. what has the government done to build up a cushion on their own balance sheet, and the answer to that question is nothing. they have not addressed the long-term debt problems the government faces. jenna: you mentioned the obama economy, but both parties have that issue. who's coming out there with a solution? >> you have had fiscal policy going in opposite directions. the republicans wa...

From infrastructure education, basic r and d. looking at worker retraining to help our orchestrate force become more competitive is a piece of this. wages won't go up unless our workers are more productive. i think they can be. we need to look -- she's talked about this -- to go away from the short termism and capitalism to longer. deal with our debt problems and we need a comprehensive economic plan. i look forward to hearing the specifics. >> she will talk about make being sure corporations think long term and there's some speculation she's going to once again go all the way to the far left ...

To make so you're not forced toby markets or creditors when things are difficult. i think for many countries that are facing debt problems of their own again not close to where greece is but on bad paths, this is the lesson of what you don't want to have happening because there's so much more unnecessary suffering when you make those reforms. >> just to be clear greece owes $355 billion. that they would love is debt forgiveness they don't have to pay the bills. the eurozone creditors can't do that because that sends a message to italy, to portugal and everybody out. if they extend the maturiti...

If greek goetz out of the eurozone, that's not going to be good because of what could happen in italy portugal, spain, other countries with debt problems and then you have a real problem throughout europe with the eu. >> what does that do to our market? >> i don't think it would be pretty. i think there would be a big selloff. i think -- look, i don't move my money in times like this. i sit pat. i'm diversified so i don't worry about it. but i know a lot of people will, and they might make choices that are dangerous for their futures. >> so, they have this one last meeting, real quickly before...

Because they spent the last five years, not because of greece but any potential dislocation putting in place policies and structures and robustness. they have been planning so markets are not roiled by certain events. we heard yesterday in the market was people are more concerned in many ways by puerto rico's debt problems and by china's markets and what is happening over there. greece is a side show unless and until, it effects the eurozone economy. >> a side show for everyone but greek citizens suffering almost living in a depression. you are right about puerto rico. americans are more expos...