Page 2 - Debt Wall News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Face the true kwan drees of a particular moment in their history. all of their attention gets channeled into fantasy, spooks, sexual freakry, conspiracies, perversion narratives, save your fairy tales. it's been quite a cavalcade of unreality the past six months from great values of the connoisseur of the bizarre until you are reminded a fate of a nation is at stake. what happens when we hit the debt wall, what's that like? >> when we hit the debt wall, we can't borrow from the future to pay for what we're doing now. we can't pay the invoices that are going to be coming into the treasury and w...

In new issuance that will hurt our recovery. >>neil: we should explain this to folks, but the fact is, we finance our debt selling treasury notes and bonds, and we have a lot of it, as jim was pointing out and the japanese and the chinese are the big buyers of it and if the japanese were to step and not around to their hold ensure that would be bad but if they were to sell it, you know, then, then, then, that could be a problem be right? >>guest: look, they have been selling their own government bonds. they have more people if their social security system that need money and need the benefit p...

Taxes even more, or cutting spending and he's good to remember names if they don't remember what he's proposing then. >> look, the europeans have no choice. they have hit the wall. they've crashed into a debt wall. people will not lend them any more money. they can't go on spending money because they can't borrow any. now, america is not in that position yet, but we're heading straight down that road towards that debt wall. the president thinks he can buy time but spending more now, trying desperately to create jobs and get economic growth. it's a gamble that he has taken. bill: thank you for ...

And the crazies in the street. >> europe hit the wall. a debt wall. people will not listened them anymore money so they have to stop spending and cut the debt. they don't want president obama to be out there calling for more spending but that is what he was doing. so you have a clash. on the streets what you have now is violence. >> they are not tea party people? >> if they were tea party people, they do not behave like that, but can you imagine what the mainstream media would have done about the demonstrations? instead, they are saying, they are amateurs, amateurs. but they are radical enviro...

Europe has hit a debt wall. it has no choice, but to cut spending, cut borrowing, cut the deficit. it has no choice. >> so by all accounts it seems we're already there, are we? >> they already are, europe is there and we're headed in that direction, precisely the same debt wall. we're further away from that wall, but going rapidly towards it. the president is saying, we're not there yet, we're not there yet. we'll fix it later. right now we need to spend more money to get more jobs into this economy. that's the split between europe and america. >> so he's there carrying that message, which is ...