Page 8 - Budget Problem News Today

Crisis. could youing liziader is live wh us for more. >> they are wait to go hear the state of the union address tomorrow. in many ways this speech will be a book end after the presidents inaugural address last month. the president spoke little of debts and deficits on that cold january day. he will layout an agenda that includes nods to the deficit and ramped up spending on domestic programs we think he will speak to raise taxes. they are already making an argument against big spending cuts. >>...

Alternative to the sequester which is what president obama proposed in 2011. >> this is a presidential suggestion in 2011, an idea. >> the memo went out before the sunday morning shows. and now for paying a political price in recent years the republicans are trying to neutralize the political fallout this time around and the game leverage, and the game leaders insist that tax reform is needed to solve any budget problem. >> the fact is that we have had spending cuts $1.6 trillion in budget contr...

Washington and this is so very true, blame is not a zero sum game especially in something like that. the reality for the president that he is contemplating right now is that if you have the largest tax increase in his tore arery coupled with the deep cuts you are going to see trouble in the economy. he does not want to take the oath of office in a fresh recession. he definitely doesnt want that. so he knows that while congress may take the blame on this narrow part of it, if things go wrong in t...

Manhattan. ive heard, read about 3,000 families in that area, from where we are through midtown are responsible for about 30% of new york citys municipal budget. >> amazing. >> disproportionately high percentage of our revenue from a small pool of people. >> youre exactly right. >> when people say taxes have become too onerous, too tough, they leave. actually, when youre that dependent on 3,000 family, 10, 50, 100 families leaving matters. >> thats a great point. >> when we say taxing the behavi...

$250,000. >> this is what we have been talking about, the beginning of the republican cave. whether they will cave enough to get a deal before december 31, we dont know. this is unilateral surrender. >> obama wants more tax increases than cuts but members are the opposite. this is the fox news poll, which is the best way to deal with the countrys budget problem, and 57 percent say cut the budget for goodness sake, cut your spending. 20 percent say tax increases. >> it will never happen. if all w...

Has a health insurance policy gets hit with a $63-per-year, per-person charge. thats going to hit 190 million people. that is a charge to pay for pre-existing conditions, because an insurance company has to accept people who have a pre-existing condition, gotta pay for it. that has to be paid for, theres a higher medicaid tax thats going to pay for that. and then youve got fines for all companies which dont give medical insurance to their employees. alisyn: if, in fact, these senators do prevail...

Make sure that the fair share is there. that its not on the backs of the middle class. are you confident that youre going to be able to get a tax increase out of wealthiest americans? >> we are. the president was very clear and the american public spoke very clearly when the president said in his campaign from day one until the votes were counted that the rich had to pay their fair share. one of the things i was pleased with this week is harry reid made it clear that social security is not on th...

Okay, id like to see that list. but labor is going to have to be the driving force on this to make sure that the fair share is there. that its not on the backs of the middle class. are you confident that youre going to be able to get a tax increase out of wealthiest americans? >> we are. the president was very clear and the american public spoke very clearly when the president said in his campaign from day one until the votes were counted that the rich had to pay their fair share. one of the thi...

But labor is going to have to be the driving force on this to make sure that the fair share is there. that its not on the backs of the middle class. are you confident that youre going to be able to get a tax increase out of wealthiest americans? >> we are. the president was very clear and the american public spoke very clearly when the president said in his campaign from day one until the votes were counted that the rich had to pay their fair share. one of the things i was pleased with this week...

Mostly a result of.... >> government spending. government spending. so that is clearly an area that doesnt create a lot jobs? >> obviously its not sustainable. we have an immense budget problem and deficit problem. so when the government spends more money that it doesnt have, it doesnt help the economy very much. a big chunk was military but the other was services. businesses actually contrasted in the amount of spending they did so, contracted. and net exports went down. >> jamie: so what do yo...