Page 24 - Deficit Impact News Today : Breaking News, Live Updates & Top Stories | Vimarsana

finally, if you thought american debt was worthless, think again. i'll explain. but first, here's my take. the american economy seems to have picked up. the dow jones industrial average is hovering around 13,000, the highest since the financial crisis began in may 2008. the nasdaq is actually at its highest level since the technology bubble burst more than a decade ago. now, stock prices around everything, but data from the economy on the ground is also slowly getting better. jobless claims are down. housing starts are up. things do seem to be getting better, slowly, as i said, but...

Back from 19 months to seven months, trimming $16 billion. tough cuts for democrats and still far from the $79 billion needed to reduce the deficit impact to zero. >> this is a new substitute amendment. it address misof the same as the last substitute but it's smaller. it's fewer dollars involved here. all of the amendment is offset except for two matters, the unemployment insurance and the aid to the states under medicaid. that is the safety net provisions are not. those two. everything else is offset. >> we have an amendment that does not raise taxes that reduces the federal debt by $68 bill...

Back from 19 months to seven months, trimming $16 billion. tough cuts for democrats and still far from the $79 billion needed to reduce the deficit impact to zero. >> this is a new substitute amendment. it addressmisof the same as the last substitute but it's smaller. it's fewer dollars involved here. all of the amendment is offset except for two matters, the unemployment insurance and the aid to the states under medicaid. that is the safety net provisions are not. those two. everything else is offset. >> we have an amendment that does not raise taxes that reduces the federal debt by $68 billi...

>> ignore him. is that fair? just ignore him. >> and he said this before, right? almost a year ago in talking about maybe the country needs a good shutdown. maybe he's looking at this last -- wasn't even really a shutdown, right. maybe he's thinking that the people who got the blame for that, at least in his mind, were the democrats. certainly they got blowback from their own caucuses and members around that. but he sort of likes the drama. he even seems to like to say the word shutdown in the way he says it there. it's drama, which he likes. kind of the takeaway is he's irrelevant to the whol...

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