Spending Cuss News Today

Amy? >> yes, i think he is right. the medicare trust fund is going bankrupt. not sustainable and we need to do something about it. so somebody else has a better plan, step up to the plate and show it, but at the end of the day, these guys and gals cannot continue to kick the can down the road. not fair to my generation and people younger than me. we need to take care of seniors, but cant do it by kicking the can down the road. >> she is absolutely right and absolutely wrong. you cant criticism w...

To say no as opposed to findings ways to say yes. >> its not just the future of taxes that sequester those major spending cuss. john boehners plan b doesnt deal with that also doesnt deal with the fact that 2 million people will see unemployment benefits expire a week after christmas. thats a big deal as well, shep. >> shepard: so the president is saying no way to plan b yet speaker boehner is digging in on plan b? >> he certainly is. and the challenge for speaker boehner tonight is that late th...

So, the rest would be in spending cuss? look, thats not what people voted for. thats not what people worked for in trying to reelect this president. >> by the way. remember, david, that politic fact which is non-partisan fact checking group, when they reviewed the presidents plan to reduce the deficit over 10 years, $4 trillion, it didnt pass the test. because you had to basically include spending cuts that took place last year in the presidents analysis. that whole im going to cut spending by $...

Than a trillion dollars. so, the rest would be in spending cuss? look, thats not what people voted for. thats not what people worked for in trying to reelect this president. >> by the way. remember, david, that politic fact which is non-partisan fact checking group, when they reviewed the presidents plan to reduce the deficit over 10 years, $4 trillion, it didnt pass the test. because you had to basically include spending cuts that took place last year in the presidents analysis. that whole im g...

>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. thats when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social securi...

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