Page 35 - Deficit Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There are two kinds of approaches to this. the one approach says we've got this deficit problem, and we want to address it. the other is the norquist approach, which is really more about reducing government to its irreducible core. and that is an indiscriminate sort of slashing. that's the wrong path for the country. and that's the path we can't take. >> things have changed so much since i was there. you talk about discretionary versus mandatory. when i was there back in the '90s, you could actually go after discretionary spending and move towards a balanced budget. we're way past that now. yo...

Have also frightened people yesterday. by telling cnbc the white house is prepared to go off the fiscal cliff, unless the republicans bend on taxes. comment by former democratic presidential candidate howard dean frightened republics that this debate is not just about raising taxes on the rich. >> the truth is, even needs to pay more taxes. not just the rich. that is a good start. we are not getting out of the deficit problem unless we raise taxes across the board and go back to what bill clinton have. >> some liberals pushed the president to raise the debt ceiling himself, claiming he has exe...

Our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax i...

They may be way apart in terms of the lessons learned. think -- they clearly don't seem to have learned very many from this election. but house republicans have put in their initial offer here. and you know, the problem for house republicans is not only have they not looked at the polls, maybe they are choosing their own before the election, but not only are they not looking at the same numbers, but they are trying to address a different problem. they think entitlements are the only thing that matters. that's the longer term issue. it isn't even dealing with the deficit problem that needs to b...

Their own before the election, but not only are they not looking at the same numbers, but they are trying to address a different problem. they think entitlements are the only thing that matters. that's the longer term issue. it isn't even dealing with the deficit problem that needs to be dealt with. as long as they are engaging, something is going to move here. >> molly, the priorities in these plans couldn't be more different with republicans getting almost everything through cuts. how could the white house begin to accept this at any level. are we headed for the cliff? >> the white house doe...