Page 850 - Cr News Today

Understand we cannot have an economy where our debt equals our entire account. we cannot be creeping toward an america where we spend 42 cents of every dollar getting there, getting close do that, 42 cents to run the federal government. that is not sustainable. we haven times that need to be fully funded and we are not in any position under the current direction under president obama to be able to fulfill our promises to medicare and social security. so the debates we are having in wisconsin, in...

Cr. do you suspect there will be a showdown? >> if you listen to what the white house is saying, did i speak to bill daley yesterday. they dont want to see a shutdown. house republicans said we dont want a shutdown, we just want to cut spending. today the senate will take up the cr bill at 11:00. i think for the first time weve taken a step towards doing what the american people are having to do right now, tighten their belts and do more with less. >> you bring up bill daley. do you find that it...

Saves money. >> we are borrowing $3 billion a day, and we have a cr that is going to save $4 billion a week. >> reporter: but with two weeks to reach permanent approval on funding, there is big battle over how much is too much? >> we must create jobs and strengthen the middle-class. >> reporter: both sides say they are willing to talk, and president obama made the first move yesterday in a phone call with house speaker john boehner. senate democrats are pushing back on the short time line. >> it...

Republican whence they elected them majority they wanted this deficit to come under control and they wanted a little sanity and some valid di. were starting to see this with the cr, were starting to see this with what the new republican budget is going to do. youre going to be surprised by the leadership the republican party is going to show and i think the american people are going to present them with re-election at the polls for showing that kind of leadership. i think what the last election ...

Shes reports were coming out back in 2001, but he argues, in the context of the keeping the government open and avoiding a shut down and cutting spending and stopping the excessive borrowing that the government has been involved in with a 14 trillion-dollar debt, its an opportunity to do serious cutting. listen to this. >> weve said enough is enough. our congress is about delivering results. we are going to continue to try and get our fiscal house in order, taking the first step this week with t...

Were starting to see this with the cr, were starting to see this with what the new republican budget is going to do. youre going to be surprised by the leadership the republican party is going to show and i think the american people are going to present them with re-election at the polls for showing that kind of leadership. i think what the last election about was leadership. >> every time, susan, or jeanne, every time we poll people, and i did this back in i think 1971 working for a senator fro...

>> i think they are going to do something. they have promised to do it, and there will be something in their budget. whether that is a serious proposal or not, im skeptical of. only because weve been in this town for a long time and there are a lot of proposals that are supposedly serious proposals but they really arent. so well see if they will be first out and it will be a serious proposal. >> i will be very impressed, negatively or positively, ill be impressed if your party, the republican pa...

Fiscal year. jim angle is keeping an eye on all of this, live from washington. where are we in the process now, jim? reporter jon, the house will pass a 2-week extension spending authority today called a continuing resolution or c.r., that will happen this after that and theyll send it to the senate. this particular bill would only cut $4 billion. thats two weeks worth of the 61 billion house republicans want to cut between now and october. some democrats are critical even of that amount, even t...

For this country and i think the voters understand it. i think it is a different time than when paula hawkins and others -- >> jeanne, do you think the republicans are going to be the first ones to move on this? not the democrats? >> i think they are going to do something. they have promised to do it, and there will be something in their budget. whether that is a serious proposal or not, im skeptical of. only because weve been in this town for a long time and there are a lot of proposals that ar...

Washington will help bring the government to a standstill? >> absolutely. republicans have been clear that we dont want a shutdown government. and i think its very impressive that we sent a two-week -- to-week budget over to the democrats in the senate to try to keep the dialogue going so that we can avoid shutting down government. but, martin, make no mistake, they sent us here to cut spending, and thats whats in this two-week cr. >> lets just sit for a moment on the cutting and spending. isnt ...