Page 4 - Entitlement Side News Today

They know republicans are willing to put re-knews on the table if we can do in a pro-growth way. there is a way of doing that. you saw the "washington post" editorial this morning. laid out $750 billion. easy way of getting there. so there is a way of getting there on the revenue side. the real question is can we come to terms on the entitlement side? by the way, when you deal with entitlements, you really dont do anything that deals with the economy in the short-term. so its a very best way, $2...

They know republicans are willing to put re-knews on the table if we can do in a pro-growth way. there is a way of doing that. you saw the "washington post" editorial this morning. laid out $750 billion. easy way of getting there. so there is a way of getting there on the revenue side. the real question is can we come to terms on the entitlement side? by the way, when you deal with entitlements, you really dont do anything that deals with the economy in the short-term. so its a very best way, $2...

They know republicans are willing to put re-knews on the table if we can do in a pro-growth way. there is a way of doing that. you saw the "washington post" editorial this morning. laid out $750 billion. easy way of getting there. so there is a way of getting there on the revenue side. the real question is can we come to terms on the entitlement side? by the way, when you deal with entitlements, you really dont do anything that deals with the economy in the short-term. so its a very best way, $2...

Economy moving again. everyone wants to get more americans back to work again. raising tax rates will slow down the ability to create jobs that everyone says they want. >> mr. speaker, what are you looking for in terms of the entitlement side. are we talking about restraining the growth of social security and medicare and looking for change in both those problems? >> listen. were spending a trillion dollars more than what we take in. we cant continue to do that. this is year two of a 25-year dem...

A huge percentage of our gdp something like 24%, chris. thats, at near historic highs. is that really the appropriate way to grow the economy. >> but there is flip side to that. the flipside to that, if you look at spending, look at revenue, excuse me to gdp it is about 15%. we had collapse in revenues since the recession began. you have to have more revenues coming in, especially given the big problems that we face, both on entitlement side and spending side. no one says there doesnt have to be...

the dow is up 217 points, the reason, the jobs numbers for july was better than anyone was looking for. the total number, 163,000 jobs created last month. as you can see, the prediction was 100,000. we need about 125,000 jobs created per month, just to keep up with population growth. so this report does that. but look at the rest of the year. i mean, we havent been able to clear that hurdle since march. its been a really grim stretch. so there was a little bit of relief today. the bott...

The biggest question and what will be a fight, but i would rather have it be a discussion, is what are the bigger reforms well look at on the entitlement side of the budget and the tax side of the budget. which is where the biggest changes need to happen. we keep focusing on the discretionary parts of the budget, but thats not going to fix the budget. whats going to fix it is entitlement reform and tax reform. at the end of the year we have the fiscal cliff and the broad southwester which does n...

Mitt romney is running totally on his biography and not his ideas? >> i think it helps. you cut marginal tax rates and conservatives t and mine does too. >> there is a heart there. >> it is in a way indicative of the problems. it is a matter of big ideas versus incremental changes. cutting the current tax code across the board by 20%, it is still the current tax code. it is just lower. i think there is more of a market than i think governor romneys team uh appreciates. there is a big political m...

Parts of the tax code were eliminated there was the shot there, and then everybody walked away. why did you walk away? >> well i didnt walk away. i served on the supercommittee. on the supercommittee we heard a lot of talk from our colleagues on the other side, as well as the president, that they were willing to look at the entitlement programs, they were willing to have the discussion. it was a willingness for them it talk. but there was never a willingness to put a specific proposal on the tab...

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