Page 40 - Budget Issues News Today

How this plays out, one play will be in november with the mid-term elections. another play will see what happens with budget issues. since misrepresentations are all over the place in this proposal, and you look at a state like massachusetts, which is a state closest to what this federal program is, i think theyre going to regret it. be careful what you wish for, bishop butler said, because you may get it. >> what the white house is counting on, what democrats are counting on is that after this ...

>> reporter: the day ends with a taping of a superintendents public television show. cortines is the host. >> thank you, and thank you both for joining me. >> thank you. >> reporter: ted rowlands, cnn, los angeles. last may californians voted down 5 of 6 budget propositions designed to reduce the state deficit. among other things, they rejected propositions included increasing the states reserve fund, redistributing money made from the lottery, and increasing the personal income tax on people ...

You cant deal with abortion language, whether illegal immigrants would benefit from this so they wont touch that through the pact ket of changes. >> now maybe you can walk us through the politics of this. whos in? whos out? >> this is all democrats. republicans arent in at all and they are hitting democrats hard saying you will have to go ahead and pass the senate bill first before you can make changes to it. theyre saying this is going to cost democrats, especially in the red states, this is go...

Teachers, et cetera. at the same time, a solution where you throw all the teachers out sounds about as stupid as keeping all the teachers in. how do you navigate that reality. ? >> well, first off, thank you for having us on. and thank you for talking about all of the budget issues. about a month ago i said, lets actually revamp our antiquated teacher development system so we can actually figure out who can teach and if they cant, how do we help them. and if that doesnt work, how do we humanely ...

No. the president sent congress a letter with additional ideas based on the bipartisan summit he had, and so until people have a final product they are able to look at and the referee on budget issues says whether or not this will do what the earlier bills did, then i think its going to be hard to get people to commit. but i think the trend is in the right direction, because people see the status quo is absolutely broken, and they are seeing the skyrocketing health premiums around the country an...

Unions. >> i dont think you can buy off stupak. >> sean: yes, i bet hell cave. >> im not convinced he will cave. the other thing is, they cant fix abortion through reconciliation. reconciliation is for budget issues. abortion is a policy issue. you cant tell them if you vote for this, dont worry well take care of it on the back end because they cant. >> real main issue, one trillion dollars they are going to cut from medicare. people are getting old. the voting public knows we are all going to b...

State that is facing enormous budget issues. >> it is. well, jonathan dienst, youre having one of those crazy days. its a friday and we know crazy, bad news things happen on a friday. i imagine youre going to be very busy. thanks for doing this for us. >> thank you. to the economy. the numbers are just out this morning, in the last hour or so. and they show the unemployment rate did not budge last month. holding steady at 9.7%. that is better than expected. cnbcs steve liesman joins us now wit...

Landrieu, nelson, like the unions. >> i dont think you can buy off stupak. >> sean: yes, i bet hell cave. >> im not convinced he will cave. the other thing is, they cant fix abortion through reconciliation. reconciliation is for budget issues. abortion is a policy issue. you cant tell them if you vote for this, dont worry well take care of it on the back end because they cant. >> real main issue, one trillion dollars they are going to cut from medicare. people are getting old. the voting public ...

Since 1981, reconciliation has been used 21 times, most of it by republicans for major things. like the -- much the contract for america, medicare reform. the tax cuts for rich people in america. >> senator, is it possible? >> reconciliation is part of the budget process. >> that possible that thats how to get the bill through? >> its appropriate. >> shepard: so it might happen because barack obama and the vice president are on tape saying this would be the worst thing in the world, a deduction ...

Bipartisan support, tossing out some key priorities of both republicans and democrats. now the prospect of this much pared-down bill very much in the air. lets talk about that with pennsylvania governor ed rendell, a guy who knows a thing or two about budget issues. why the surprise there, governor? it seemed like for once he had republicans and democrats on board to pass this bill, and now harry reid seems to have angered both sides by shrinking it. why? >> well, i have no clue. i thought that ...