Deficit Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> welcome back to "the ed show." thanks for watching tonight. a powerful group of corporate ceos are giving advice how to solve the country's deficit program and suggest cutting entitlements but say nothing about their own corporate welfare. here's ceo of goldman sachs lloyd blankfein taking aim at entitlements. >> you're going to have to undoubtedly do something to lower people's expectations, the entitlements and what people think they're going to get because it's not -- they're not going to get it. social security wasn't devised to be a system that supported you for a 30-year retirement af...

In place in june of 2001 that got the economy back on the right track. >> we had a balanced budget and we had an enormous surplus. >> the bubble had burst before you left office. >> paul, i want you to response. >> the clinton democrats balanced the budget. the bush republicans created this deficit. now they're using the debt that they created as a trojan horse to destroy medicare, to give more tax breaks for the rich. that's not a deficit program, that's a reordering of our country. i was proud of our president today standing up saying i will not let you destroy medicare. >> games, gimmicks i...

I worked for a president and i helped him balance the budget. he did, it but i helped. we balanced the budget and we hand td off to mr. bush. the american people foolishly gave them a republican house, a republican senate, a republican white house -- >> when the baton was handed to george w. bush -- >> excuse me for talking when you're interrupting me. >> when the baton was handed to george w. bush, the country was sliding into a recession, and you know that, and it was the tax cuts that president bush put in place in june of 2001 that got the economy back on the right track. >> we had a balan...

That's not good leadership from our president. >> paul, i want you to be able to respond. >> it's political, but not leadership. >> if tax cuts for the rich created jobs, we wouldn't be in this mess. i worked for a president and he balanced the budget and we handed it off to mr. bush. the american people foolishly gave them a republican house, a republican senate, a republican white house -- >> when the baton was handed to george w. bush, the country was sliding into a recession, and you know that, and it was the tax cuts that president bush put in place in june of 2001 that got the economy ba...

Republican senate, a republican white house -- >> when the baton was handed to george w. bush, the country was sliding into a recession, and you know that, and it was the tax cuts that president bush put in place in june of 2001 that got the economy back on the right track. >> we had a balanced budget and we had an enormous surplus. >> the bubble had burst before you left office. >> paul, i want you to response. then we got to go. >> the clinton democrats balanced the budget. the bush republicans created this deficit. now they're using the debt that they created as a trojan horse to destroy me...