Page 3 - Deficit Gap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That 1%. i'm generally in favor of the idea that the rich should pay somewhat more but to really deal with the deficit gap we are talking about, that alone just numerically is not going to be enough. >> joining us now from washington is ben stein. he is an economist and the author of the new book "what would ben stein do?" so let me ask you that very question, ben stein. you would actually raise taxes on the highest earners, right? >> oh, yes, by quite a lot and then i would raise taxes on the ones below them by a fair amount and the ones below them by a fair amount. i would have the governmen...

we're talking about on wealthy americans. some of the taxes we have talked about before, limiting those itemized deductions that the wealthy take. closing loopholes on hedge fund managers, oil and gas companies, corporate jet owners and also letting the bush era tax cuts for the wealthiest americans expire when they are set to. also a little more than $1 trillion in war savings. of course, we do know that the wars in afghanistan and iraq are already going to be winding down. and that's something that republicans are hitting on. and frequently both sides have used this when they do th...

But romney did eliminate the deficit gap in masses while governor. and does have a lot of experience in economic matters, unlike the president that is, ladies and gentlemen, about as fair as i can make it what i have just told you is beyond dispute. on a personal note, i'm very disappointed in president obama for dodging the questions about libya, which he continues to do while the national press allowed mr. obama to avoid the libyan subject, a local reporter in denver confronted the president. >> were the americans under attack at the consulate in benghazi, libya denied request for help durin...

Latest updates on this topic from reliable sources.

This problem. >> the average american wants to see 75% addressed through cuts and 25% through taxes. it is 80% cuts and 20% tax increases proposed. he has offered a reasonable plan. he is not the one being unreasonable right now and this is not politics as usual. politics as usual is long compromise but because folks signed on to grover norquist no new taxes. >> it's grover? >> it's their problem for boxing themselves in when we need an important tool to get out of economic recovery. >> and tool, we can do simple math on the show. the tool is to what bridge the deficit gap? >> it's both cuttin...