Page 28 - Spending Caps News Today

Is for democrats. they are at maximum leverage and get as muchs they can. they dont feel like they need to give away things. if you look at the polling, you can understand why they feel like they will stick to the hard lineup until the deadline. >> there is confusion about where republicans united. senate republicans seem to be united on the issue about the sequestration number and what their line in the sand is. it was about health care. they admitted we overreach on that. dont overreach on the...

Roger wicker is the republican deputy and a member of the budget committee. good morning to you. >> happy columbus day to you, chuck. >> let me start with the status of the talks. what part of the plan do you not like and what part do you think you can accept? >> i like the collins plan, but im reluctant to negotiate in public. i think we have a process going between the senate leaders and im hopeful we can have something meaningful by the end of the day. i like repeal of the medical device tax ...

Second. i want to talk about what the senate democrats are talking about. senate democrats are demanding that the debt limit be extended for a longer period of time. you guys were talking about november, the gang of 12 was talking january. they wanted it extended longer. they want the sequester spending cuts -- this seems to be the real heart of the problem -- rolled back. theyre not going to have to live under the sequester spending cuts for a long period of time. if that comes out of the senat...

>> well get to obama care in a second. i want to talk about what the senate democrats are talking about. senate democrats are demanding that the debt limit be extended for a longer period of time. you guys were talking about november, the gang of 12 was talking january. they wanted it extended longer. they want the sequester spending cuts -- this seems to be the real heart of the problem -- rolled back. theyre not going to have to live under the sequester spending cuts for a long period of time....

Occasion and deal with this issue. i do think that the white house pulled back senate leadership two nights ago and asked them to step back away, and i think theyre watching to see whats going to happen on the republican side for a few hours, but nothing is going to happen, i dont think, if its about, again, breaking those spending caps. so my sense -- >> thats the key issue now. >> it would be beyond belief as a country to have these huge amounts of that $17 trillion and growing and to not only...

Correct? >> whether thats part of the full package or the short term hasnt been decide yet. my guess is the short term will be a down payment, then well exchange our spending habits. when want more time to lay out the growth issue and also the spending restrain issues. what we need is spending caps, guardrails from future spending from congress. we need a little more time to lay that out. martha: do you think the president is anywhere near ready to strike that kind much deal? hes not been intere...

In 2011 over the debt limit that the president agreed to spending caps that are scheduled, if we live with them, they will save $2 trillion, which isnt nearly enough, but it is an important start. that was agreed to over the debt limit. this is the only time weve been able to get this president to agree to do anything to solve the actual problem we have. >> lets turn to the debt limit in the two minutes we have left. you and many republicans are arguing that it is irresponsible to suggest we are...

Washington. so what senator cruz has done and i dont think anyone can d argue against thison he has elevated his profile. he has done it very specifically by beating on his own colleagues in the republican party. that sounds good with the baseus out there, but in the longer run you need lots and lots of friends to run for president. >> is he the next ronald rea regan? >> i dont think so. regan united the party. u he didnt isolate his allies in the interest of self-promotion. what cruz is also do...

So what senator cruz has done, and i dont think anyone can argue against this, he has elevated his profile but hes done it very specifically by beating on his own colleagues in the republican party. and that sounds good with the base out there, but in the longer run, you know, you need lots and lots of friends to run for president. >> the next ronald reagan -- >> i dont think so. reagan united the party. he didnt isolate his allies in the interest of self-promotion. what cruz is also doing is ev...

Entitlement programs and the need for some kind of new revenues for reform, ive heard all these arguments with the president and you sit down with the republicans who are reachable or teachable, what do they say? because theyre not saying yes. >> well, what theyve been saying is that, well, you guys already got your revenue in january. >> the top 1% thing. >> right. but the universe didnt begin on january 1st. we also did $1.5 trillion in cuts over the last couple of years by putting spending ca...