Decifit Spending News Today

Pre-bailout, pre-binge spending levels for funding the federal government. we know that a great deal of hard work and tough decisions lie ahead for every single member of this institution. >> reporter: so jenna republicans are not just expecting the president to tackle decifit spending, theyre planning to insist on it. jenna: jim, the white house is talking a lot today about investments, suggesting that the president wants to increase spending in at least some key areas. what can you tell us abo...

Decifit paid off with social security. thats crazy. >> reporter: and it would be raise crazy if officials were planning to do that. >> thats just not true. any changes made to social security wouldnt take place for years or even decades, and theyre designed to fix social securitys funding problems, not to deal with todays decifit. so theres just a confusion there. >> its not even legal, thats not the way the law works. the idea here is to make social security itself solvent, not to make it a pig...

We face record decifits, a record debt at $12 trillion, and yet, this bill is more decifit spending. bill: this is whats going on, republicans continue the charge to repeal health care reform, just an hour and 20 minutes away from its signing into law. well cover that in three minutes. across america, people with diates have...

Go up as much as 77 percent, but a more likely scenario youd see is a combination of smaller tuition increases , the elimination of certain programs, and layoffs of professors, which educators say would have a sweeping impact. listen to this. >> whats at stake, of course, is the quality of public education going forward. we have to continue to make it accessible, affordable and high quality. and it takes money to do that. >> there are some areas of the budget that we just absolutely cannot cut. ...

These numbers are unheard of when you look at it historically. there was so much talk about how much needed to be cut, line by line, we were supposed to be a tightening of belts and here we are. bill: now questions where all that money is spent. stuart varney, first the report, what does it say? >> we spent 3 trillion, $600 billion in the financial year just ended, unfortunately, we only took in $2,300,000,000,000, that means we had a decifit, again, second year running, of 1 trillion, 300 billi...

Alabama, republican, took that same position in the pages of the "washington post". senator sessions with me, ranking member of the senate budget committee. sir, good morning to you. >> good morning. bill: heres what you said in part, last month, president obama would agree to maintain current tax rates only if congress would agree to increase federal decifit spending. there it is on the screen for viewers. it continues n. your words. we are headed toward a cliff, yet the president gets the acce...

This senate race will, quote, express opposition to the presidents polices, only 18 percent say their vote will express support. martha: interesting stuff, molly, thank you very much, molly henneberg in d.c. the current party breakdown in the senate, democrats have the majority, of course, with 57 seats, republicans have 41, independents have two seats in the united states senate. so that means the gop would need a win of ten solid seats in order to take control of the senate. bill: one of the...

Here in milwaukee will attract a lot of labor union types, so it will be a friendly audience, the president want to go emphasize to the crowd that he understands people are hurting in this economy, this is a proposal he wants to lay out but senior administration officials acknowledge they dont expect it will actually create any jobs until some time next year, and so if anybody is looking for an immediate short term fix to our economy, this is not it. but the president will say he is on the case ...

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