Auto Pilot Spending News Today

ballot and why are democrats again helping another trump-backed candidate there? but, first, breaking tonight, president biden is trying to have it both ways when it comes to gasoline be prices. the president blaming russia when costs skyrocketed. now, he is claiming credit for some modest drops. but the president is still putting foreign oil ahead of domestic as he tries to ease the crisis and at the same time is considering a climate emergency executive order. white house corresponde...

>> it is different. george w. bushs increase was because of 9/11. and the addition of medicare part d, which a lot of people will say it successful. in terms of us, look, 25% -- >> in tax cuts. >> sure, 25% of the federal government spending is what we have any control over. 75% is auto pilot spending. you have 10,000 baby boomers retiring in a day. if you can make an adjustment to entitlements for guys my age, im 39, if you tell me that maybe there is a delay in retirement or something, a means...

Were at a point where were not going to tell everybody congress is in a tailspin because we dont have anything. and a budget is about managing the countrys resources so we can have the things i do care passionately about, whether its education or health care or transportation infrastructure. we were not managing our country in a way to get the things i cared about. >> on the right, my colleague kelly odonnell spoke to your colleague marco rubio. he calls this an unamerican deal. there are other ...

Were at a point where were not going to tell everybody congress is in a tailspin because we dont have anything. and a budget is about managing the countrys resources so we can have the things i do care passionately about, whether its education or health care or transportation infrastructure. we were not managing our country in a way to get the things i cared about. >> on the right, my colleague kelly odonnell spoke to your colleague marco rubio. he calls this an unamerican deal. there are other ...

Were at a point where were not going to tell everybody congress is in a tailspin because we dont have anything. and a budget is about managing the countrys resources so we can have the things i do care passionately about, whether its education or health care or transportation infrastructure. we were not managing our country in a way to get the things i cared about. >> on the right, my colleague kelly odonnell spoke to your colleague marco rubio. he calls this an unamerican deal. there are other ...

Can bust the caps by 63 billion and are you assuring them that that 63 billion will be made up. we both know, weve always been deeply skeptical when you say well spend more money in the first two years, three years but dont worry well make it up eight, nine, ten years away. >> 92% of the sequester is left intact. during the course of this agreement a year and a half fiscal year wise we got the democrats who are against any of the sequester to agree to 70% of the sequester and that 30% of relief ...

Find smarter spending cuts. and theres a lot of government on auto pilot spending that has not been attended to by congress and thats where we got the additional spending cuts. basically we came up with $85 billion of savings from what we call mandatory spending to pay for $63 billion of some relief from the sequester. we still keep the fiscal discipline, we keep on track and this will result in more deficit reduction. thats very important to me, my republican colleagues, patty got a lot of what...

>> well, look, as a conservative, i think this is a step in the right direction. what am i getting out of this? im getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, were finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isnt easy. this is the first divided government budget agreement since 1986. the re...

We see it as a step in the right direction. >> the budget teal would spend $63 billion over the next two years. savings come at the back end of the ten-year period. we know future congresses arent going to be beholden to the deal. its probably going to change many times in between. this is a big criticism of washington in general. you get tax increases and all the good stuff comes later. >> there are no tax increases here. this is the nature of what we call hand toir or entitlementment or auto p...