Page 19 - Deficit Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The democrats look ahead to the midterms if their future and their fate hangs squarely on the jobs situation, and will there be enough wiggle room for real growth to happen between now and then? >> well, more than anything -- >> if it does. >> more than anything, both on jobs and if you talk to republicans, also the image the president now hases aa big 13e7bder, that he is leading a movement in washington to expand the size of the federal government beyond what people want. >> what you have, tim, is a president who put together a stimulus that i think some would argue maybe is not having the e...

And if we hadn't, if you ask yourself the counterfactual question, if i got up and said i'm prepared to stick with exactly what i inherited, i think there really would have been a serious question mark over britain's ability to pay its way in the world and whether it had a credible plan and so on. so i think we needed to produce a budget that dealt decisively with the deficit issue. that's the first point i'd make. the second point i'd make is once you've committed yourself to doing that you then have to set out credible measures. >> the keynesian argument against this budget would be that at ...

So i think we had to get on and do it. and if we hadn't, if you ask yourself the counterfactual question, if i got up and said i'm prepared to stick with exactly what i inherited, i think there really would have been a serious question mark over britain's ability to pay its way in the world and whether it had a credible plan and so on. so i think we needed to produce a budget that dealt decisively with the deficit issue. that's the first point i'd make. the second point i'd make is once you've committed yourself to doing that you then have to set out credible measures. >> the keynesian argumen...

Smaller government and fewer services if we need to do that to deal with the budget crunch. you get to the big issue. if you have a smaller government and fewer services, you have to pick and choose. what do you cut? here we have a problem. watch as we turn this on here. cut highway funding? 50% say we don't want to do that. raise taxes? 58% say no way. don't do that. 65% say don't cut health services and 71% say don't cut public safety, 73% say please don't cut school funding. when you look through this, people say states should cut and do something. this makes it so hard for mayors and state...

To having a pledge to having deficits by 2013. you heard president obama and treasury secretary geithner over the last couple of days to get countries to not pull back too much on spending. they are trying to find common ground and have dragged the united states along on the deficit issue. >> what's ahead for the president? i know he takes off later today. he does have a news conference scheduled and then what for the week? >> you sit there and say what for a week. a week ago, we didn't know david petraeus would be replacing general mcchrystal in afghanistan. you have supreme court nomination ...