Page 15 - Deficit Cutting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> we are going to have a titanic debate in washington overt next few weeks about what to do about the economy. the public policy has to be focused on three things, keeping the current fragile recovery going, making the long term investments that create growth and dealing with the deficit. i think we'll have to be cognizant that with rising energy and food prices, with the continued weakness in the housing markets, the irresponsible threats that we are hearing from some about potentially shutting down the government over the debt ceiling, there are dark clouds in the economic horizon now and i...

But they are really the key here. >> zain verjee, reporting live from london, thanks as always. president obama takes this deficit cutting message to facebook. it will be the first time for a sitting president to the social met work's home base. it's being built at the town hall, but is it really? we'll have details about the event next. then...over time... become dull... and lose their luster. new tide plus bleach helps bring your whites back to bright in one wash. turning white-ish to...wow. tide plus bleach. [ lane ] here's the trouble with most anti-wrinkle creams. the cream disappears b...

Have this fight. will all become part of the issue right as we head to 2012 election campaign, when the bush tax cuts are expected to expire again. the president will say, look, we have to do something about our deficit and can't get serious about deficit cutting if you don't do something on the revenue side. the plan the president laid out last week, three-quarter spending cuts, one quarter on tax revenue side and letting tax cuts expire for wealthiest is part of that as is tax reform, both sides are talking about, notion of getting rid of loopholes tax breaks in favor of cleaner simpler one ...

What's the strategy behind this back to back town halls on the deficit cutting plan? >> i think he is trying to keep defining, you know, the big issues of this debate. there's no question that the xaeb started last week, i don't know if it was on thursday in chicago or wednesday when he was giving his speech at george washington university. he has framed this debate exactly how they want to frame it and he is bringing liberals and democrats on to his side saying that he will protect these sacred entertainment progr entitlement program. >> well, he may be defining the debate, but the issues are...

Going again and now people are predicting a slowdown later this year, to the extent the republicans have succeeded in taking his eye off that ball, they're doing their political job. but this deficit cutting stuff, it's a long-term problem. it's not something that should be -- that we should be all consumed with right now. >> you make that point, joe. i think that jobs by far is the number one priority of all americans. but perhaps part of it's our problem and the politicians' problem for not educating them. if nothing is about the long-term deficit, this is where your government ends up by 20...