Page 11 - Spending Issue News Today

workers. his take on the gop field. >> if they were both on the particular, it would be spectacular. they could focus on the economy. >> and the former scouts love for his hog. this is "piers morgan tonight." when arianna huffington talks, people tend to listen. shes number 31 of forbess list. she is the author of third world america, how our politicians are abandoning the middle class and betraying the american dream. and arianna joins me now. knowing you, i would imagine youre a bit ...

>> if they were both on the particular, it would be spectacular. they could focus on the economy. >> and the former scouts love for his hog. this is "piers morgan tonight." when arianna huffington talks, people tend to listen. shes number 31 of forbess list. she is the author of third world america, how our politicians are abandoning the middle class and betraying the american dream. and arianna joins me now. knowing you, i would imagine youre a bit fed one only being 31 on this list. ...

and he did it in perrys home state. >> thank you. thank you. >> during a speech to the veterans of foreign wars convention in san antonio, romney pointed to his own business resume and then took a shot at people he called career politicians. >> im a conservative businessman. i spent most of my life outside politics. dealing with real problems in the real economy. career politicians got us into this mess, and they simply dont know how to get us out. get ready for even more romney vers...

reason why. youre looking where the town of prattsville, new york used to be. parts of it are gone. the town of about 600 people, parts of it washed away. everyone got away safely, but they dont have much to return to. this is what it looks like at ground level. a correspondent who shot this compared it to joplin, missouri after the tornado. she was stranded there by rising floodwaters. she joins us shortly still stranded there, actually, tonight. irene dumped as much as a foot of rain...

staring a porpoise right in the face. oh, just got me again. a once top-secret military program thats enlisting animals to protect the country. but first, inside a polygamous sect. >> were dealing with the exploitation of children of young girls for sexual purposes. >> reporter: gary tuchman takes you where most people never go -- exposing polygamys dirty secrets. >> reporter: the scenery is spectacular and the polygamist families who live here along the uft-arizona border have bee...

what could be the largest municipal bankruptcy in u.s. history. good morning to you all. thank you for spending part of your weekend with us. im t.j. holmes. we do need to start with a debate that was supposed to be over already. we are less than three days from a possible u.s. default. this clock is still ticking and a deal is not done. we are expecting a lot of action on capitol hill today. both houses in session, but whether theres going to be any real progress, thats anybodys gue...

Is if we cut the size of the budget what well be doing is having a detrimental effect on the government sector and as a result have a detriment aleffect on economic growth. in order to believe that you have to believe the expenditures were effective in stimulate growth. since i think the evidence on that is adverse, it didnt really affect growth i dont think the cuts will have any significant effect on economic growth as well. again, i would say we have to focus on the long run. jenna: just real...

Senate on your side, pushing for big spending cuts before we authorize anymore borrowing. >>guest: you will see more of a shift. everyone is going to get it but for the white house. look, a month ago they were not talking about tying a raise in the doubt ceiling to any other sort of spending issue. we are borrowing $188 million each hour of every day. i propose, i have introduced a balanced budget amendment in the house, something that all 47 senate republicans signed on to, a balanced budget am...

Some voters might think thats a bad idea. >> theyre going away for a couple weeks. and the reason some voters and a lot of folks say thats not a great idea is there is still quite a lot of work to be done. when it comes to the spending issue, theres a big battle ahead. raising the debt ceiling. the treasury, starting in may, mid may would have to start taking measures, as the u.s. government heads towards that debt ceiling. the amount of money they can spend, the treasury would have to start tak...

Peeker boehner was able to do it because a lot of the older republicans, especially a few i talked to -- he spoke to one republican senator who was speaking about the house saying, look, we do not want to get into a idealogical purity test on a spending issue. it will look bad if government shuts down over something contentious as abortion where people fall on the left or the right. theres not a lot of middle ground there. there is a few more billion dollars in terms of spending cuts. an interes...