Page 8 - Budget Window News Today

You it would take to get my vote. we need to do something about the short term. we need to get a spending ceiling for the next two years because were not likely to get a final budget out of a democratic senate and a republican house. we need to know how much were going to spend the next two years, and that needs to be on a declining basis. then we need to do something mid-term, that is, within what we call the budget window, within the next few years, both on the discretionary side and the manda...

budget cuts before he agrees to raising the debt ceiling. and then theres the democrat-controlled senate. >> we shouldnt be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republica...

money, there will be no increase in the debt limit. >> boehner wants $2 trillion in budget cuts before he agrees to raising the debt ceiling. and then theres the democrat-controlled senate. >> we shouldnt be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is ...

Them into other bills. where they have double accounting of the savings from medicare which will not even occur to begin with. and then also they do something really strange and they manipulate the budget window by creating 10 years of revenue against six years of expenses. now, wouldnt roger ails love to run fox that way? and then finally, the class act which is a long-term care opt in that americans can choose, its not mandatory, the premiums will go in for long term care but then they will ac...

Argument, i am just trying to -- the other side wont come on -- the idea what you ericing -- risking is worsening it and it will make things worse. >>guest: that is up true. their billedlied the policy outside the budget window and starts the taxes early so it locks like it did better than it did. what we will do is to say to repeal $1 trillion bill increases the deficit does not make sense and i dont think anyone believes that. the reason they get to score from c.b.o. is because they delay the ...

Pitch here? >> its a really neat trick theyve pulled. so a bit of quick history here. in 2001, bush administration wants to do tax cuts, but they dont have 60 votes in the senate, which as all viewers of the "rachel maddow show" knows, you need to get anything done. so they did budget reconciliation. it has rules to make sure you didnt increase the deficit. they got around that rule by adding a ten-year expiration. they did not increase the deficit outside of whats called the budget window. and ...

So send the clip art construction worker group your money in order to stop this from happening. as a policy guy, ezra, how do you evaluate fred thompsons pitch here? >> its a really neat trick theyve pulled. so a bit of quick history here. in 2001, bush administration wants to do tax cuts, but they dont have 60 votes in the senate, which as all viewers of the "rachel maddow show" knows, you need to get anything done. so they did budget reconciliation. it has rules to make sure you didnt increase...

I think in the general sense. one of them is not passing a budget. every family does it, which is something republicans will say again and again. cities are supposed to do it, states are supposed to do it. this is how businesses operate. if you cant pass a budget, as john spratt said in 2006, you cant govern. what is interesting is the republicans, conservative republicans in the house offered a balanced budget, that balances the budget in the same nine-year budget window that the white house ca...

>> reporter: here is why what the cbo will say about the legislation is so important. under any reconciliation rules it has to be budget neutral. meaning no adding to the deficit for the first five years and every year thereafter a 10-year budget window. megyn: in order for the senate to put it through on reconciliation which is that controversial thing where they will do it with 51 votes instead of 60 it has to meet financial threshold so the democrats want to make sure the cbo comes back with ...

Benefits dont go in effect for four or five years, the cost, the taxes, cuts go into effect right away. why? ten year of cost and six year of benefit to make it fit in a budget window so it looks like theyre cutting money when theyre not. >> jamie: quickly, congressman. >> all i can say is let the games begin. pass it and take it to the american public. >> jamie: they will, definitely they will be in play this week. well watch it. thank you, senator santorum and congressman frost. great to have ...