08/11 - Debt Ceiling Deal: Controlling the Budget 2011 | Louisiana Public Square | LPB
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Video Playlist:

Play Button  Full Program - Full Program
Play Button  Backgrounder - Backgrounder
Play Button  Extra - WHAT IS DEBT CEILING - Rajesh Narayanan, Ph.D., Associate Professor of Finance at LSU explains what the debt ceiling is.
Play Button  Extra - WHY IS THERE A DEBT CEILING? - Rajesh Narayanan, Ph.D., LSU Finance professor discusses why there is a debt ceiling.
Play Button  Extra - DEBT CEILING HISTORY - Rajesh Narayanan, Ph.D., LSU Finance Professor explains how the debt ceiling came to be.
Play Button  Extra - WHAT DOES U.S. SPEND MONEY ON? - Rajesh Narayanan, Ph.D., LSU Finance professor outlines where your tax money goes.
Play Button  Extra - WHEN DEFICIT SPENDING IS NEEDED - Rajesh Narayanan, Ph.D., LSU Finance professor says that deficit spending has a role to play.
Play Button  Extra - WHAT THE DOWNGRADE MEANS - Rajesh Narayanan, Ph.D., with the LSU Finance Department explains how the downgrade affects the markets.
Play Button  Extra - MISSED OPPORTUNITY - Pearson Cross, Ph.D., with the ULL Political Science Department feels the rejection of Obama’s “Grand Bargain” was a missed opportunity.
Play Button  Extra - DEBT KICKED DOWN THE ROAD - Pearson Cross, Ph.D., head of the ULL Political Science Department explains how the debt ceiling agreement didn’t solve much.
Play Button  Extra - REDISTRICTING AND PARTISANSHIP - ULL Political Science Department head, Pearson Cross, Ph.D. feels redistricting has led to partisanship.
Play Button  Extra - SUPER COMMITTEE GIMMICK - Pearson Cross, Ph.D., with the ULL Political Science Department agrees with others that call the Super Committee a gimmick.
Play Button  Extra - BALANCED BUDGET UNREALISTIC - ULL Political Science Department head, Pearson Cross, Ph.D. feels it is unrealistic to expect a balanced federal budget.
Play Button  Extra - POLITICS ARE POISON RIGHT NOW - Pearson Cross, Ph.D., with the ULL Political Science Department blames the downgrade on Congress.
Play Button  Extra - POTENTIAL CUTS - ULL Political Science Department head, Pearson Cross, Ph.D. explains what could happen if Medicaid were to be cut.
Play Button  Extra - IN A BAD PLACE - Pearson Cross, Ph.D., with the ULL Political Science Department isn’t optimistic about compromise happening anytime soon.
Play Button  Extra - DEBATE and OBAMA - ULL Political Science Department head, Pearson Cross, Ph.D. thinks the debt ceiling debate hurt Obama’s image.
Play Button  Extra - PROCESS IS BROKEN - Conservative talk show host Jeff Crouere thinks the debt ceiling debate revealed a broken Congress.
Play Button  Extra - ROLE OF TEA PARTY - Jeff Crouere, conservative talk show host, feels the Tea Party played a positive role in the debate.
Play Button  Extra - AGREEMENT OVERVIEW - Conservative talk show host Jeff Crouere gives an overview of the debt ceiling deal.
Play Button  Extra - HOW TO RAISE REVENUE - Jeff Crouere, conservative talk show host, feels there are ways to increase tax revenues he would support.
Play Button  Extra - LOWER TAXES, MORE REVENUE - Conservative talk show host Jeff Crouere explains how he thinks lower taxes can increase federal revenues.
Play Button  Extra - DEFENSE CUTS - Jeff Crouere, conservative talk show host, is concerned about cuts to defense spending.

08/11 - Debt Ceiling Deal: Controlling the Budget 2011

What does the compromise bill mean for the average citizen?

With just hours to spare, Congress passed and President Obama signed the "Budget Control Act of 2011" allowing the country to extend its debt ceiling and avert a potentially catastrophic default. Where will the $1.5 trillion in spending cuts fall? What role did the bill play in downgrading the U.S. bond rating? And what does the compromise bill and downgrade mean for the average consumer? Watch "Debt Ceiling Deal: Controlling the Budget 2011" on Louisiana Public Square, Wednesday, August 24th at 7:00 PM CT.

Backgrounder

With just hours to spare, on August 2nd Congress passed and President Obama signed the "Budget Control Act of 2011" allowing the country to extend its debt ceiling and avert a potentially catastrophic default. The bill was the final chance in a series of proposals to raise the debt ceiling before the default deadline. The bill reduces federal spending by $917 billion over the next ten years with an additional $1.5 trillion in cuts to be proposed by a bipartisan congressional committee by Thanksgiving. Where will these cuts fall? What role did the debate play in the downgrading of the U.S. bond rating? And what does the compromise agreement and downgrade mean for the average consumer?

...Read Full Backgrounder

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Our Panelists:

This program was also funded in part by the Louisiana Forestry Association

We want to know your opinion! Leave your comments in the box below.


It’s not politically correct to point out the fact that congress spends primarily for the purpose of getting re-elected!

Posted by William Weldon  on  08/24  at  07:47 PM

I really enjoyed participating in this week’s show. I only wish there was more time to continue the discussion. Hopefully, Mr. Cassidy will take the information given by the economist on your panel, back to Washington to make the necessary changes needed to right our economy.
Thank you,
Reginald Ducote

Posted by Reginald Ducote  on  08/25  at  08:38 AM

The show today came up with many was to fix or put a bandage on the problem, but as we know none of the solutions will be put into play. The ideal that most people with money dont have many problems, they just don’t care. To answer any question is simpley to say 25 percent do, don’t, don’t know , and don’t care, so you can never please any group, but the problem is the the one that is making the rules is total 3 percent and that don’t add up. No one should cut anything that is by the people and for the people. A person once asked why do robber rob banks, he said that’s where the money is. Where is the money and if it get too bad assume it is a security threat and put a block on the money until we get things worked out.

Posted by Travis Johnson  on  08/25  at  09:55 AM

There a few points I would like to address:
1. The senior citizens have earned their own social security dollars, we should not cut it.
2. Reform Social Welfare. Too many families has been on the program for generations. It’s unfair that most of the tax payers only able to afford to raise 2 or 3 children while the welfare recipients have dozens children and everyone is receiving our free tax dollars.
3. Reform Amendment 14. We can’t afford to recognize those illegal immigrant’s babies to be our future citizen. This has threatened our southern border with a country suffering from high levels of crime, unemployment and income inequality. Over 20 millions of illegal immigrants including the Chinese illegal immigrants are in here.  Remember, China has over a billion of population and majority of them are trying to move over here in the US.  President Obama should not legalize it.
4. The Foreign Aids need to be re-evaluated. Why we still donate several billion dollars to China yearly? CHARITY BEGINS AT HOME. We need to fully control our borders to secure our territory prior to protecting the others.

Posted by Li-Jane Lee  on  08/29  at  02:17 PM
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