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Transcripts For CNNW Your Money 20120715

you can call me nuts, can you call me ching little, if you want. but the political battle being waged over extending the bush tax cuts is blowing those storm bands over our heads. look, you don t need me to tell you our economy is on the brink of weakening again. you feel it every day. latest cnn/orc polls just 27% of you say the economy is in good shape. 73% feel that conditions are pretty poor. and while rays of hope peek through the clouds from time to time, the u.s. economy is fragile right now. families are facing long-term unemployment. there are foreclosures. higher student loan payments. higher medical costs. so the notion that you may have to pay higher taxes by next year could make you decide not to spend money you otherwise would have spent. i get it. everyone wants lower taxes. but you can t have lower taxes. because for years and years, your federal government, both political parties, mismanaged the books and spent more money than they took in. our tax system i

Transcripts For CNNW Your Money 20120714

[ chirp ] [ male announcer ] upgrade to the new done. with access to the fastest push-to-talk and three times the coverage. now when you buy one kyocera duracore rugged phone, for $49.99, you ll get four free. visit a sprint store, or call 855-878-4biz. [ chirp ] that economic storm is cloetser to the shores every day. you can call me nuts. you can call me chicken little but the political battle over extending the bush tax cuts is blowing the storm bands over our head. you don t need me to tell you that our economy is on the brink of weakening again. you feel it every day. the latest cnn orc poll shows just 27% of you say the economy is in good shape. 73% feel that the conditions are pretty poor. while rays of hope peek through the clouds from time to time, the u.s. economy is fragile right now. families are facing long-term unemployment. there are foreclosures, higher student loan payments, higher medical costs, so the notion that you may have to pay higher taxes by next

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