Page 9 - Deficit Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Here, you know, our consumer confidence has been dropping week by week and we'll get right back into slow growth and then we'll freak out and do something more stupid. >> you were smirking, jonas. >> to get to your original question of the stock market, i think if they did nothing, but kick the can an entire year with all of these things and pushed the whole thing the next holiday season and holiday sales like this year, i think the market would go up, wall street is happy with pushing the problem down the road even though it should be addressed sooner than that. i don't think it's good for th...

That line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that.

Prefer frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean it's not an option for us to just sit by and do nothing. >> that was president obama in the summer of 2011 speaking the hard truths about entitlements. it did not exactly play well for him then and he's been largely quiet on the issue since, perhaps because for both parties talk of cutting social security and medicare hurts a lot. >> there's a p...

Divisive. >> that's her republican opinion. i think the divisiveness came from a bunch of republicans who vowed from day one they weren't going to work with this president. from a bunch of republicans who wanted nothing to do with him. he worked on jobs and they rejected the jobs bill he put forward. they rejected a bill to solve the deficit problems by trillions of dollars in cuts to get taxes raids on people. >> talk to republicans on capitol hill. this is the least cooperative president we have ever seen. >> they didn't want to work with them. >> and he wants to work with them? >> he does, ...

We can't get this done unless we ask wealthiest household the pay higher taxes on income above $260,000. pay the same rate we had when bill clinton was president. >> what we see out of the president is simply the lack of leadership. no leadership in solving the deficit problems. no leadership when it comes to the fiscal cliff we're going to face with tax rates going up january 1. sequester hitting january 2. >> bret: get ready. the fiscal cliff standoff is coming. the white house is signaling they'll veto any plan that doesn't veto taxes on rich. he has had his position for a long time. romney...