The Economy and the Impasse in Debt Talks
http://thedianerehmshow.org/shows/2011-06-27/economy-and-impasse-debt-talks
The White House says Congress must raise the government’s borrowing limit by August 2, or it will run out of cash to pay its bills. In mid-May, the Treasury Department employed extraordinary measures to extend the deadline. Now economists warn of another financial crisis and recession if the ceiling is not lifted. But many lawmakers are demanding an agreement to reduce the federal budget deficit in return. Last week, talks led by Vice President biden on how to make those cuts broke down. Today, he and the President meet with the Senate’s Republican and Democratic leaders in a bid to break the deadlock. We discuss what’s at stake for the struggling U.S.economy.
Guests
Jared Bernstein
senior fellow, Center on Budget and Policy Priorities; former chief economist and economic policy adviser for Vice President Biden.
Kevin Hassett
director, economic policy studies, American Enterprise Institute.
Janet Hook
congressional correspondent, The Wall Street Journal.
Comments
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Reagan created 16 million jobs.
http://wiki.answers.com/Q/Which_president_of_the_us_created_the_most_jobs
Clinton administration in 8 years created more jobs than Reagan, Bush 1 and W combined. Look at your data there, MG if you don't believe it.
Talk, talk, crazy talk. The evidence of the past ten years is that the tax cuts were job killers not the other way around. In 2000 W took the presidency and rolled back the taxes for wealthy persons because there was a surplus of money. Next he decided to send us into two wars, one in retribution for the 9/11 attack and one to retaliate against a world leader his Papa didn't completely defeat.
The surplus was gone before his first year in office ended. Huge layoffs of workers began and still continue.
When the family budget is not enough to pay for everything the family has to find another way to bring in more money as well as cut back on spending.
This is a two part deal - not only cut back on the payouts but in addition increase the income.
Stop the job-killing tax cuts!
We need reality orientation in DC - not more idiots spouting words that make no sense if you listen to them.
I was very disappointed by the quality of this show on Monday, June 27, about the crisis in the national debt and raising the debt ceiling....
I think that, if Diane had been there, she would have been much more realistic and prevented all the posturing and talking around the topic...
the wars were only mentioned briefly at the end of the show with essentially no comments... THEY ARE THE REASON FOR THE CRISIS!!!!!
there is enough money in this country to solve all our problems!! just end all 3 wars, and we are on the speedy road to recovery...
what family would feed the neighbor down the street when it can no longer feed its own family...??? are we crazy - get out of the other countries!!
girls nature beauty , but many people can not resist the temptation of food , but why is waistline aesthetic era nowadays , we can only hope that and the body can not have both . There is no best of both worlds approach, it allows the coexistence of gluttonous and beauty ? The answer is The following gave you an indulgence food and drink after the first aid measures: lotus leaf hawthorn honey tea. Hello body and delicious food to birds with one stone ! Related articles：