Page 39 - Deficit Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mostly a result of.... >> government spending. government spending. so that is clearly an area that doesn't create a lot jobs? >> obviously it's not sustainable. we have an immense budget problem and deficit problem. so when the government spends more money that it doesn't have, it doesn't help the economy very much. a big chunk was military but the other was services. businesses actually contrasted in the amount of spending they did so, contracted. and net exports went down. >> jamie: so what do you expect in the fourth quarter? where do we go from here? >> if we look why did businesses contr...

Missing during another administration, and i think it's missing here, too. we have to face facts. >> what happens is this discussion about health care which is the deficit problem, right? instantly, it becomes a discussion about, you know, red rags stuff about socialized medicine and death panels. you can't have a sensible conversation about the country's spending if you talk like that. coming up, nbc news political director and chief white house correspondent chuck todd. also the reverend al sharpton. plus "the new yorker" magazine endorses president obama. >> oh, my lord! are you kidding m...

Lost. he wants to invest in drones. he's expanded it. this is a president who sees american interest and goes after them. he may not want to get involved in wars he seems interested in directly. it doesn't mean he's a peace president. he never has been and won't be. >> it's interesting. after every build up, when i worked for reagan, we went up for four years by 28% to real terms. we had a deficit problem, we came down 10% in real terms. sequestration is only -- >> people are running around like it's the end. >> it's going to make us -- >> if you go back and take a look at mark shields calls h...

President obama credit. he has a plan to do two and a half times spending cuts for one part revenue enhancements, and that's a formula, i think, that can turn the debt and deficit problems around. i think governor romney has to do that. he has to -- i think the base will hate to hear this, but he has to govern more like a moderate. whatever happens, democrats will have more than 41 votes in the senate. he has to get democrats to cooperate to make anything work, and we're not going to solve the debt and deficit problem. there isn't an economist out there who thinks you can solve it without incr...

Governor romney made is that we've got 24 mill yun unand under employed americans and one in six he was using 15% of americans in poverty. we've got 17 million more americans on food stamps nearly 49 million on food stanls. -- stamps, then, the deficit problem. we cannot continue to spend money we do not have. >> the points you made sh americans now what have we done to children and grandchildren? that makes us look like greece. not some other day. right now. this administration has done incredable damage to the country. they will not be able to get us out of this. the choice could not be more...