Page 5 - Future Spending News Today

So, im not quite sure what hes talking about. speaker boehner cant get the support of his party. and i want to make it very clear, we did pass, bipartisan, democrat and republican, the budget control act, that would cut $1.5 trillion in both cuts and caps on future spending and discretionary spending is the lowest as the percentage of the economy in 45 years. speaker boehner must understand that a sequester is deadly for the economy. businesses cant make decisions. it would mean furloughs of air...

Government shutdown. raising the debt ceiling isnt about future spending, its about past spending approved by congress. default would cause an immediate financial collapse with long-term national and global consequences. its estimated the 2011 standoff increased the nations borrowing cost by $1.3 billion in that year alone. it amazing me that the people using the debt ceiling as leverage to reduce the deficit dont seem to mind playing another billion dollar game of chicken. president obama said ...

This. not raising the debt ceiling is not the same as a partial government shutdown. raising the debt ceiling isnt about future spending, its about past spending approved by congress. default would cause an immediate financial collapse with long-term national and global consequences. its estimated the 2011 standoff increased the nations borrowing cost by $1.3 billion in that year alone. it amazing me that the people using the debt ceiling as leverage to reduce the deficit dont seem to mind playi...

With continental. it may cost you more now the next time you decide to buy a new car. auto dealers say new fuel standards just finalized by the obama administration, will force changes that make car prices soar by $3,000. president obama hailing the new standards which will require that cars average 54.5 miles per gallon that is by 2025. this is something california definitely doesnt want to be first in. a brand-new study finding state has the highest debt in the entire country. the nonparti...

Mandatory. and the medicare cuts are disproportionately deduction necessary the amount of moneys we pay doctors and hospitals for providing the services which means we will have fewer doctors and fewer hospitals available to do these things for medicare patients. >> and you mentioned the things that will kick in with sequestration. thats what happened if they didnt reach a deal. we heard the president say today if there is any effort to go around sequestration, to go around the painful cuts that...

Mandatory. and the medicare cuts are disproportionately deduction necessary the amount of moneys we pay doctors and hospitals for providing the services which means we will have fewer doctors and fewer hospitals available to do these things for medicare patients. >> and you mentioned the things that will kick in with sequestration. thats what happened if they didnt reach a deal. we heard the president say today if there is any effort to go around sequestration, to go around the painful cuts that...

Increases. boehnor has repeatedly stressed that it is impossible, its impossible for him to agree to a deficit reduction package that does not include tax revenue increases, because it doesnt have the votes for it. here he is today. >> but the american people will not accept and the house cannot pass a bill that raises taxes on job creators. the house can only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit, as well as real restraints on future spending....

Theyll be able to get past any legislation that dramatically increases the deficit in exchange for spending aid. >> reporter: and some liberals are not happy with the way they got there. for instance at least on paper the democratic bill saved $12 billion by reducing an increase in food stamps beginning four years from now which was in last years stimulus. it contained $2 billion in loan authority for solar power projects also in last yores stimulus. liberals werent happy about that either. high...

How do we get a grip on future spending? how do we bring in more money to the treasury? the two sides are poles apart. an agreement before the election looks at this point to be highly unlikely. bill: back to the report now which shows that we had higher tax receipts going into washington. >> yep. bill: higher tax revenue and slightly lower government spending from year to year by about a smidge. >> yep. bill: in this case how big is a smidge? >> a smidge is about 100 billion. the deficit for th...

"the five" starts right now. >> raising the debt ceiling simply gives our country the ability to pay the bills that congress has already racked up. i want to emphasize that. the debt ceiling does not determine how much more money we can spend. it simply authorizes us to pay the bills we already have racked up. >> did you hear that? that was president obama just a few hours ago, saying at this debt ceiling wasnt going to allow us to spend more going forward. you know, theres a problem, because it...