Decifit Situation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> every bipartisan group that's looked at the decifit situation has said you need a balanced approach. yes you need to cut but you also need to deal with the revenue side, and there are all sorts of special interest loopholes in the tax code that can be imlated. that's what the simpson bowles commission said, that's what the rit lin domenici commission said. we don't need the oil subsidies. if you're serious about \are you\{^ru}ing the deficit why would you be asking taxpayers to shell out more money to the big oil companies. we need a balanced approach. jenna: tax loophole phos major corpora...

Decifit situation. >> right. people do not believe the official projections. 81 percent of voters believe that the plan will cost more than is projected, 60 percent, as you mentioned, think it's going to lead to higher deficits now that it's passed. most say it's likely to lead to higher middle class taxes but it stems from the fact that people believe that government programs cost more than they're projected to cost. this is something people have built up over a long period of time. i don't imagine the white house is going to have a very easy time convincing people otherwise on the decifit is...

President sold the democrats on the idea that they should vote for it now because voters aren't going to punish them in november for a yes vote, at least at this moment, the polls results there indicate otherwise. >> look, right now, unless something really changes,ing in the white house does a tremendous sales job, the vote that took place on sunday will be harmful for the democrats in november. there are too many people that have entrenched opinions on this issue. it's not the only issue that's going to be out there, how the economy performs between now and november will have an impact, but ...