Page 8 - Spending Issue News Today

Default is terrible. >> megyn: is that what theyre threatening or a red herring, some republicans say if we have to do it well do it, but were thinking well get to the point where therell be government shutdown and well be able to pay the bills with tax income coming in at treasury and not going to do anything other than shutting down the government. thats the rift. >> to that point, its clear the spending issue has to be dealt with at some point and the threat of default gets everyone to make s...

When social security was passed back in the 30s, i think the average american lived to be about 61. this year the average male, 79. the average female, 81. we need to adjust these programs for the future so that theyll still be there. the trustees of medicare and social security say that medicare is going to tank in 10 years. the question is, are we going to preserve these programs for future beneficiaries? the president should be leading, not being dragged to the table by republicans who want t...

The spending issue next year. honestly i expect that will be the dominant issue along with trying to overhaul the tax code going forward. so thats usually pretty good ground for republicans. >> now, this deal was hammered out by mitch mcconnell and vice president biden. speaker boehner was notably left out of the final negotiations. what message does that send? do you think his job is in jeopardy? >> no. look. i think the speaker has enormous support and i dont think he was left out of the negot...

New year. >> thanks, chris. >> happy new year. >> so, what can we expect in the lower chamber when the house convenes at noon? im joined by kentucky democratic congressman john yermouth. you were on the floor yesterday calling for reasonable compromise. is this it? >> i think it is certainly on the taxes. im very supportive of the agreement that was reached. i think the threshold on income taxes is something that most people will agree is very reasonable. i think raising capital gains and divide...

At the end of the day, youve got to deal with the spending side of the equation. and while you may want to, you know, chop down on republicans who, you know, have been intransigent on this point, it is the core problem here, is that we dont have a revenue issue as much as we have a spending issue. and those republicans like myself and joe and others who said lets look at this picture in total. you have to focus on that side of the equation as well and deal with those realities that we spend more...

Twice as high of a deficit during any year of the bush administration. we say this is not a tax issue, this is clearly a spending issue. >> so congressman. >> until the president comes to that we wont deal with the solution. >> what specifically -- if he came to you and gave you a sheet of paper, what do you want to see on the paper? >> i can show you that piece of paper. we passed it in may. we passed a $200 billion spending cut that identifies fraud and waste in government and went through spe...

Reported to have said wow. this is a break through. we can get a deal now. well be able to work this they go talk to president obama and hairy reid, come back to say, sorry were not atloud work the deal. they didnt want to deal then. they dont want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is ...

President. i think he said this morning that the president has just not come far enough, in terms of spending reductions, and thats what we really -- what the problem is and we need to make some progress on it. bill: republicans are hot on that spending issue. we are learning the president has threatened a veto on the speakers so-called plan b. where are we now? shannon bream is on the hill. what is the latest from there? what are you picking up? >> reporter: well, bill house g.o.p. plead tkers ...

Families in newtown, connecticut. as a father i cannot even imagine the utter horror that those families are going through right now grieving the loss of their children and their loved ones. as far as the fiscal cliff is concerned as the speaker said we remain committed to trying to minimize the impact on hard-working families and small businesses in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue here in washington. the ...

Their children and their loved ones. as far as the fiscal cliff is concerned, as the speaker has said, we remain committed to trying to minimize the impact on hard-working families and small businesses. in this country, as far as tax increases are concerned. we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the ...