Deficit Explosion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saying that the deficit will exceed a trillion dollars. i am old enough to remember when the president gave the interview, i believe it was with the "washington post" and he said he could eliminate the national debt in eight years. >> yes. >> what is going on? >> and she said the tax cuts would pay for themselves. this is an enormous tax cut that is at the heart of this deficit explosion that we are experiencing and these kinds of deficits, you have to understand them as a tax on the future. look at who benefits from a tax cut. the principal beneficiaries tend to be older people who make more ...

We're talking tonight about what republican leaders did about it. consider that that deficit obsession was also embraced by boehner's replacement, paul ryan, and the current senate leader, mitch mcconnell. >> so the only reason the unemployment extension hasn't passed is because our friends on the other side simply refuse to pass a bill that does not add to the debt. that's it. >> what's reckless, bob, is the $1.6 trillion deficit we're running this year. >> he doubles the debt after his term in office and triples it by the end of his budget. he sends our debt on an upward trajectory that is c...

Primary concern should be job growth. >> is it possible to not see this coming, though, mark halperin, given the fact that we were coming into this with an economy on the brink, and we were starting unbelievable spending on top of unbelievable spending? >> it is not the best time to be a president of hope and optimism because this is an intractable problem. part of the reason he did health care reform, although the white house never emphasized this as the main reason, was to try to cut costs because that's where a lot of this deficit explosion's going to come from. i think unless he radically ...