Page 23 - Deficit Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> i don't think it's a pr blunder for the president at all. i think what he does is he continues to try to generate support for the american people to push their congressmen and women to agree to a balanced mix of spending cuts and tax increases so we can solve the deficit problem. i think you saw it coming out of the meeting, he said i want to get this deal done by midsummer. so we don't have another problem overt debt ceiling. i think that's going to happen. americans can see that we are in the right path and with the job numbers continuing to increase, housing prices increasing, the stock ...

Forecasting inflation in the future. that's when you know you have concerns about the deficit. you are going to see there is an inflation forecast. it means we will have too much demand and inflation in the future. where is the credible study and the forecast? >> where is the market pricing? >> where is it anywhere that the deficit is a problem. >> explain what tips are. >> those are securities that investors can pile into with inflation over the long-term. it is absolutely not there. not in medium or short-term. the republicans by and large have convinced everybody that we have this long-term...

If they really wanted cuts to social security and medicare. they could have had it by now. it is extended time and time again. i want to show the president complaining about the fact that he tried to give them this and they won't take yes for an answer. they talked about the deficit reduction. >> i put forward a claim that calls for serious spending cuts and entitlement reforms and goes right at the problem that is at the heart of a long-term deficit problem. i offered negotiations around that that offers a balanced approach. >> and it's nowhere. an off the record briefing said if the presiden...

Reforms, goes right at the problem that is the heart of our long-term deficit problem. i've offered negotiations around that kind of balanced approach and so far, we've gotten rebuffed because what speaker boehner and the republicans have said we cannot do any revenue, we can't do a dime's worth of revenue, so what more do you think i should do? >> we also heard the president warning again today of the impact of these spending changes, saying it won't be the apocalypse, but quote shall the pain will be real. a message we've heard from the white house for weeks now, although you know it sounded...

Pretty good over the last four years, are just starting to see the economy improve and businesses are just starting to see some coming back. this is not a win for anybody. this is a loss for the american people. and, again, if we step back and just remind ourselves what it is we're supposed to be doing here, then hopefully common sense will be in the end. >> this is one you don't bear any responsibility for. >> julie, give me an example of what i might do. >> i'm trying to clarify your statement. >> i'm trying to clarify the question. i put forward a plan that calls for serious spending cuts, ...