Page 8 - Fiscal Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> basically it is the numbers are off but the gist of sit correct. >> correct. >> i think the numbers were off and the gist is incorrect. my calculations says if you take the logic of face val ushgs upper than bound impacts, something like two, three times the percentage point, it is rounding and gdp growth and fundamental logic is we need to take off the table the large future budget deficits which will mean higher interest rates or taxes or both so the businesses have the confidence to go out and spend and higher workers do -- doing investment. they are the only sector of the economy that h...

>> i don't think there's any doubt that the state's fiscal problems, unite everyone. your audience more conservative than the populous but reflective of those values watch the unions have done wrong is not make this clear that they're prepared to do the give-backs that have to be done to keep the state whole as a means of protecting the right to organize. >> sean: obama interjecting himself and these politicians running to the best western in illinois, i think is alienated the public. i think what it has done, people say wait a minute, we're bankrupt. we're stealing from our kids, democrats do...

>> i don't think there's any doubt that the state's fiscal problems, unite everyone. your audience more conservative than the populous but reflective of those values watch the unions have done wrong is not make this clear that they're prepared to do the give-backs that have to be done to keep the state whole as a means of protecting the right to organize. >> sean: obama interjecting himself and these politicians running to the best western in illinois, i think is alienated the public. i think what it has done, people say wait a minute, we're bankrupt. we're stealing from our kids, democrats do...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise rates. but not in 2011. i think the recovery that the point is still too fragile. >> bret: treasury s...

Revert back to what it was in the 1990s. we need do that. because we do need to address our long-term fiscal problems. our deficit is too high and our debt load too wide and we have to address that in part by higher taxes. in my view, addressing the long-term fiscal situation would be most appropriate by restraining spending growth but tax increases are part of that and tax increases on upper income individuals has to be part of that. when the economy is off and running i think we should raise rates. but not in 2011. i think the recovery that the point is still too fragile. >> bret: treasury s...