Page 4 - Fiscal Cliffs News Today

Over again? by the way, thats why i voted against this so-called fiscal cliff deal back at the beginning of the year on january 1st, because i knew that what that deal would do was spawn three more fiscal cliffs -- the one were experiencing now. in the next few weeks were going to have perhaps a government shutdown if the republicans try to use that to try to extract more harmful cuts to very important programs. and then again, were going to deal with, guess what? the debt ceiling limit. >> yeah...

By the way, thats why i voted against this so-called fiscal cliff deal back at the beginning of the year on january 1st, because i knew that what that deal would do was spawn three more fiscal cliffs -- the one were experiencing now. in the next few weeks were going to have perhaps a government shutdown if the republicans try to use that to try to extract more harmful cuts to very important programs. and then again, were going to deal with, guess what? the debt ceiling limit. >> yeah. you probab...

Authority he already has. >> bret: frankly, mara, the meeting friday, that could be one thing that is decided the transfer authority. it could be the final white flag that both sides say okay, lets just do this. >> bret: it could be. or it could be the beginning of negotiations for real deficit reduction. that is a longshot. but we have gone through the dances before. dont forget the reason were here is because both sides fail to make a grand bargain. the grand bargain is where the president agr...

Since new years he hasnt talked to the republican leadership on meaningful cuts. yesterday he gave a speech and talks again about increasing revenue. where are the meaningful cuts, and i think the impression the american people are getting is that this president is really not serious about cutting spending and about cutting the debt, so to many republicans, yeah, its sounding to be attractive sadly that we may have to go that route. >> margie, ive seen a lot of public opinion that says, you know...

Weve looked historically over the past decade, and when people say they feel great, theyre awful, and when they say they feel awful, theyre great. take it for what its worth. >> what is that? the mold wine? why is that? before you answer that, to prove your point, if you look at the dow over the last three months, the dow has been up 600 points since election day, and we have seen a very tumultous time in terms of talking about the u.s. economy and certain folks wanting to perhaps hold it hostag...

Which is real bold, i will quote, jonathan chat who says paul ryans budget even while employing fanciful projections didnt balance the budget until 2040. moving that up by 17 years changes the plausible level from level union corn to level unicorn being ridden by santa claus. your thoughts on that? >> theres a larger point. have republicans -- im not suggesting theyre not embracing austerity anymore, but theres an acknowledgment here. were talking about there used to be a time they wanted a bala...

Some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does he not want to take advantage of the power he has to try to advance this, to get more robust economic growth independent of his misgivings about his partners here on capitol hill. >> chuck, i think its fair to say that harry reid was somewhat marginalized during negotiation biden sort of swooped in to save the day. what do you see as...

President! and then the president said to him, mr. speaker, im getting tired of you telling me that. but look, to say we dont have a spending problem would be like the greek president saying we dont have a debt problem. the first stage of recovery, steve f an addiction is to at least acknowledge that you got a problem. and maybe thats why these negotiations broke down, because the speaker told me not once during all of those five weeks was the president ever really very serious about cutting spe...

The medicare doc fix and that s avoiding a scheduled 27% cut mckinley reimbursement for medicare services for are one year. that would also boost the deficit. also a place for the sequester, the across-the-board cuts that would hit the pentagon and domestic programs but only replaces that for two months and that was one of the biggest fight on the senate side before the senate passed this piece of legislation. right now you are listening to jim rand, democrat from maryland. lets listen in. >> we...

Avert so-called fiscal cliff. but what is in it? one hint, your paycheck is shrinking beginning as soon as this week. what else is in the latest gift from congress and the white house? well talk about that. and ill also tell you what congress did not do to help people affected by hurricane sandy. plus, new evidence a little extra weight might not be such a bad thing, but dont break those resolutions and start eating the junk food just yet either. bill. bill: its too late for that. jon: oh. bill:...