Page 4 - Back Spending News Today

House saying no, that law that we signed last august, were going to disregard that agreement and try to cut a new deal. bill: i understand the argument youre making. i got you. a deal is a deal. but why not go for more? you think voters back in virginia would be offended if you cut into the $15 trillion debt? >> as somebody who put together the "gang of six", as somebody who said lets two ahead and have a balanced plan, cut back spending, raise revenues through tax reform, cut 4 trillion dollars...

Defense budget has cut back spending in virginia. when you look at newport news, you look at norfolk and so forth, there are a lot of military families hurting right now. >> we talk about the multiple ohios, but there are multiple virginias, right? one part of virginia is that little snuggle to washington, d.c. thats very different than the tidewater area with the military question which is different than the other part. i want to look a little bit at the other virginia. eric cantor. just this m...

General even when hes in the primary, gretchen. >> exactly. hes been the slow, steady candidate who hasnt had too many fumbles but look, were in a position to where we want someone to take this government that we currently have and get it out of the red. were $15 trillion in debt. hes had a history of doing that. hes a businessman. he knows what needs to be done in an environment like this, to get things going. to get the economy moving, to get us back spending in the black. >> ok, now doug, ill...

pain of the unemployed temporarily. some will put people back to work. but they do not make for a complete solution. yet its a start. as long as congress passes the bill. while the politicians bicker, many americans have no place to live. as many as 1 million people may have become homeless during the recent recession. with some living in tent cities like this one near st. petersburg, florida. these are people who used to have solid, middle-class jobs. whats more, almost half of americ...

Again, the former governor putting off future entertainment projects on hold. and not much interest in taxing, whether taxing the miles you drive, or the internet, or consumption tax, or dropping the deduction on mortgage interest, whatever, no shortage of ways to sock it to you but a shortage of ways to save money. and now, my guest says he is not surprised. here we go. again and again. >>guest: exactly. this seems to be no real attempt to pull back spending which is absolutely the problem. if ...

Generation, highly skilled, highly educated, is going to fade from the scene. its going to be replaced by a generation who are now in school and creating grades which dont make us look very good in the international spectrum. this means that we are probably dealing with an economy which isnt growing fast enough or creating much real resources to fund the entitlement programs that we have already made. i dont consider the issue of cutting back spending as essentially something which is new. i don...

Generation, highly skilled, highly educated, is going to fade from the scene. its going to be replaced by a generation who are now in school and creating grades which dont make us look very good in the international spectrum. this means that we are probably dealing with an economy which isnt growing fast enough or creating much real resources to fund the entitlement programs that we have already made. i dont consider the issue of cutting back spending as essentially something which is new. i don...

Fund the entitlement programs that we have already made. i dont consider the issue of cutting back spending as essentially something which is new. i dont think we could afford it in the first place. we are really canceling something which didnt exist. >> all right. we are going to take a break here. when we come back, trends and takeaways. well check in on the major conversation taking place online, the news that was made on this program this morning and whats going to be driving the agenda next...

Sector and one for public. that will have to be brought together. on otherwise were facing fiscal crisis at the level of the states, cities, and at the country. >> when i put the new normal in the budget address, what im talking about is we have to reconfigure this. change pensions, change health benefits, cut back spending, and we need to not rationalize it every year, gets recycled every year, and i increased aid to education by $250 million. were cutting business taxes by $200 million, becaus...

Forward well see a more cooperative spirit that then sort of, again, dissolves. i think whats most important, while its wonderful that people are going to sit together tonight, what will be most important is how they work together going forward. >> all right. doug, let me ask you about the risks for republicans here. they have just said today that they want the president to cut spending to distance himself from the policies of the last two years. they also want the president to give a thumbs up ...