Decrease Spending News Today

politicsnation. tonight lead, not there yet. >> right now, the economic free world is holding its breath. as washington appears to have a way out of this impasse over our debt ceiling. president biden and republican house speaker, kevin mccarthy, announcing last night that a tentative deal has been reached, that would allow both sides to claim a victory. with short term domestic spending curtailed in line with house republican demands, and economic crisis averted to the delight of demo...

smaller than our federal workforce. entire countries. in other words, the u.s. government is astoundingly large, truly gargantuan. what do all those people that work there every day do? many arent sure, including employees themselves. fundamentally, the federal government is a mystery, and like the universe, it goes on forever. the good news is every once in a while, our government does something we can understand. that happened recently when joe biden -- $750 billion piece of legislat...

In doing that, we protected something that is helping americans as we speak. the infrastructure bill. the inflation reduction bill. and also the science bill that is going to help us with a variety of manufacturing opportunities. and then we went even further, we did decrease spending, we just stabilize spending. we held the spending in line. and then we did two other things. we opened snap, a safety net, to homeless persons all over america, and veterans. and what im very proud of, we maintain ...

Circumstances. the american people wanted cheap gas and safe streets and a secure border, but instead, we have a climate core, and a bunch of bureaucrats yelling at cops and farmers, calling them racist. how is that good for our country? >> we have carried over interest in the tax system. whats wrong with joe manchin? do you have any idea? >> if you were wanting to forcibly take tax dollars from regular americans while giving the richest attacks, he would probably flood the irs. joe manchin has ...

President trump and secretary mattis. we saw two more planes fall out of the sky last night, we finally restored air superiority in this field. given our troops a pay raise. there are tremendous president trump republican priorities in this bill. >> laura: ive got to get in on this sequester cap. i know this was considered a very high make harsh measure. when the sequester caps were in, he didnt decrease spending, they decreased the rate of increase in spending, crazy washington speak. there wer...

President trump and secretary mattis. we saw two more planes fall out of the sky last night, we finally restored air superiority in this field. given our troops a pay raise. there are tremendous president trump republican priorities in this bill. >> laura: ive got to get in on this sequester cap. i know this was considered a very high make harsh measure. when the sequester caps were in, he didnt decrease spending, they decreased the rate of increase in spending, crazy washington speak. there wer...

In. how is it affecting the economy overall. how does it affect in terms of jobs, thousands of jobs costing the economy a billion dollars, how does that happen? >> if you have a 300% interest rate on a loan, your personal expenses are now increasing. your customer spending has now dropped. your consumption has dropped. you cant go out and afford to spend money. we lost about $700 million decrease spending and also an uptick 55,000 bankruptcies because of these loans. >> heather: what is being do...

Thrown back into a recession. credit card interest rates will be going up. the fact of the matter is, the progress we have made on the economy will be lost. failing to negotiate fair and balanced way where the sacrifice is shared and not born by the middle class. one other thing, look at eric cantor who quit on the economy, quit on the talks. hes the number two guy. eric cantor is the number two guy in the house of representatives. he quit on the talks and on the economy. that tells me everythin...

We have to start talking about cutting here. has that reality really set in with many americans? >> not quite yet. i think you do see it in the area of defense, as you pointed out, as many want to increase as decrease spending right now. thats a big shift, twice as many wanted to increase in 2009. in other areas not so much and in the area of social security and medicare, hill appetite for cuts. >> these are the really big ones that need to be cut. even so, people seem to be in a frame of mind t...

>> if thats not a red flag to the american people. i dont know what it. what this congress has done is not what the american people want. none of these things are helping job creation. thats what american people want. we need to get back on track, decrease spending, create jobs and move the economy in the right direction. >> thank you very much. weve told you the passing of former senator ted stevens. weve got a remark from former president george w. bush, laura and i are saddened about the de...