Prebailout Levels News Today

And take you back as we sequence this out to the pledge to america and the promise that you and other republicans made in the course of the campaign. this is what it said, we will roll back government spending to prestimulus, prebailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the budget and pay down the debt. republicans assumed power in the house. and that was not actually what happened. you didnt reach that $100 billion threshold init...

>> good morning, bill. bill: there from washington, d.c. how are you going to work this out? >> well, were going to work it out and were going to keep our word to the american people. in the pledge to america, republicans said that we would save taxpayers at least $100 billion in the first year. and whats going on right now on capitol hill are negotiations among republicans to keep our word. and i believe that we will. house appropriators about ohmans work this week, they came up with discretion...

Tax payers $100 billion. >> cut government spending to prestimulus, prebailout levels, saving immediately $100 billion. >> now that was during the elections. then the republicans kept saying were going to cut $100 billion. trust me, trust me. well, i didnt. i didnt trust them. i didnt believe it for a second. and the gop went on to make that promise a center piece of their pledge to america, saying they would make the cuts to f they win control of the house in midterms. today they announced thei...

He said we want spending cuts not spending increases and want to go back to 2008 prestimulus, prebailout levels. he is talking about a dramatic cut of about 20%. he did say because the democrats have been - playing p that would mean thousands of kids out of head start and 20,000 agents out of the fbi. he emphasized not 20% across the board. he talked about ending tarp and the bailouts and trying to end federal support for freddy and fannie mae. >> you also asked him about something that a lot of...

Address social security and medicare which are consuming more and more as a percentage of our budget that will not be the resource to invest in education and infrastructure and technology and growth and innovation. so youve got to deal with the tough problems facing this country. >> lets hear john boehners take on this. >> -- nonsecurity spending down to prestimulus, prebailout levels. listen, the american people know that we cant continue to borrow and spend our way to prosperity. they understa...

Expectations soared when a survey showed a big surge as stuart mentioned in private sector hiring, but that was offset a little by yesterdays weekly jobless claims, which increased for the first time in five weeks. four minutes past the hour now. jamie: keeping an eye on that, meanwhile, the speaker of the house literally challenging the white house on raising the debt limit. john boehner saying any request to borrow more must come with cuting in federal spending, adding if the country wants to ...

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>> sean: our countdown to election day is on. in a minute i will be joined boy karl rove. house republicans released a draft document that many of us have been waiting for. they are calling it a pledge to america. it outlines, values, policies and the ideals a republican-led congress will pursue in 2011. tonight we have a sneak peek of some of the key elements. on the economy republicans are vowing to end all job-killing tax hikes. they want to provide small businesses with tax cuts. they vow to...

Its pledge to america. a longer and less specific version of 1994s contract with america. the setting was a lumber company in northern virginia, the key points are these. a halt to any stimulus spending that hasnt gone out yet. and a rollback of overall spending to prestimulus, prebailout levels. repeal of the health care reform law. permanent extension of the bush era tax cuts for everybody. along with new tax breaks for small businesses. a freeze in nonsecurity related federal hiring and a req...