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Kevin McCullough & Penny Lee debate what it means for the economy & 2012 presidential election
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His pride Mike -- says.
Today's breaking news just don't want to -- was actually reporting.
The nonpartisan CBO Congressional Budget Office projecting another one point one trillion annual deficit between twelve now back to -- -- -- Mike.
Sarcastically so let's stick without that deficit news -- One point one trillion another year over a trillion that doesn't sound good for the president.
Now and and we've been talking about this a little bit at not -- in the sense that we know that this -- fiscal cliff is coming.
And the leaders of congress need to get at the same table.
Leadership of also lead with the president as well and they need to hammer out something before this -- hits in January.
We have all forecasted we know it's -- me.
And they need to get back to Washington to get to work to address this issue.
But it does need to be an even need to be -- I would say with a balanced approach it isn't just all about austerity measures of spending cuts.
Is not all about just.
Taxing the top 1% it -- to be a balanced approach and the president did put forth in his own budget one that was it that was more balanced than not.
But we continue to need to have an -- focus on is -- We need to make sure that that we don't starve it so much that we don't have the investments that we need for future growth whether it be an infrastructure -- -- in our education.
So we do need both sides need to get together to work out some sort of -- that we don't hit this -- Certainly more.
Red meat for the Republicans to go lap though when you when you see those figures.
Yeah well penny sounds like a great person but I think she spent too many years with Harry Reid look.
The president put forward is a great person went in my cell types of sounds delightful to -- my boss is a little question about half not the thing that president for affordability and -- That the senate.
The the body that your boss leads.
Rejected almost unanimously.
Come visit at senator sessions hold on what Owen -- on the EU filibustered let me.
-- you the cliff that's coming is not going to be fixed by just saying we've got to get everybody the same table.
And if the president had had an interest in getting people at the same table he -- have been passing Health Care Reform in closing price enclosed private rooms when he said we'll put it on C span.
The truth is we've had three years' worth of spending spending spending spending.
Nothing that we were told as the American people that was gonna get fixed from any of that has been fixed and nothing.
So it's time to start looking at other alternatives.
And that's what we're gonna see what the selection of produces hey let me go let you come back that.
Yeah I -- say as as far as on the senate billing I know a lot of people on the right loved to talk about you know the fact that they have president's budget went down.
You know whatever hundred to zero evidence that that was senator sessions bill that was in a legitimate offer Al but I would agree that you get it and and I do think that you're very nice person -- well.
I do agree and that we have to get get all sides of the conversation need to have taken place and is kind of you know your plan is awful your plan is -- -- -- you're gonna explode I mean all of this -- -- -- -- last week you know -- like 213 year old in the backseat of a car.
Is it helpful and we've got to stop the posturing here and now and actually get to some concrete -- I'm not talking about posturing I've run small company we we have point five people who work -- and there's two outcomes to every problem that we face is a company.
There's excuses or there's results.
And that the president was given.
The most powerful CEO position that the world knows three years ago -- -- things were tough when he came into power -- we're not expecting.
Great miracles but we have seen no improvement.
This is the worst economic recovery is since World War II -- at the smallest formation of new businesses.
Since World War II.
You cannot fix an economy if the entrepreneurial class isn't engaged in right now they're not only engaged their shrinking -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- We are now seeing 23 months a steady -- in a job improvement.
Is it -- noted the need to be hottest apps.
That a net loss of more than 2000002 and a half million jobs for the last three years how is that job creation.
There are -- and if you take and it again -- it and if we -- the same level of unemployment.
We would be closer to nearly eleven to twelve there's always the way that the statistics can be played any way you also amount left or right it seems couple -- -- -- weighing in on this -- that Griffin 57 say.
Both parties are responsible -- this cliff but nothing of real will be done until December at least very true I would imagine.
Via Celsius -- people to click isn't coming we've gone over it already I have somebody I kind of agree with Alan actually I got hurt somebody said Ryan I think it was all right read it the other day that somebody -- this is less.
That we have sort of it inadvertently driving off a fiscal cliff is the as the -- Collins goes these days.
More that we deliberately strapped on a fiscal suicide vests and -- blowing themselves up which I -- was an interesting.
Thought -- get ought to -- point both sides probably responsible for this because as Sarah rightly says nobody wants to do anything this side of elect.
