Page 2 - Spending Issues News Today

Know. i dont think anyone has the final combination of what its going to be. but there are an awful lot of us that would like to see tax and entitlement reform, stabilization for medicare and social security programs. and we want to continue working through this process of the cr so that we have a funding mechanism for this years budget. maybe they all get rolled together. i dont know, but as we go through the next days, i think that that is going to become much more clear to all of us what trac...

Middle ground to reduce our deficits, america cannot afford another debate. not paying its bills is irresponsible. its absurd. republicans in congress have two choices here. they can act responsibly and pay americas bills or they can act irresponsibly and put america through another economic crisis. but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the unit...

And if we dont, we risk another credit rating downgrade. everyone could potentially feel the results of that. so where does the truth lie and why are sides so far apart? >> first of all, this is an identical replay of what went on in the summer of 2011 when this temporary solution to the debt ceiling cast us in the cards, mean it said 18 months from now all this will go away. >> they punted. >> were back to where we were in july of 2011 when everyone was warning you to do a deal or there will be...

Billions, they do it legally, they avoid taxes, they pay no taxes. with all this con on those who make $250,000 about the big corporations? >> we do need to reform the tax code that going to take a real effort. i dont think you will get that done this year or next. it going to take a republican controlled congress to do it right. >> greta: you can exonerate republicans in all this. >> republicans can do a much better job too. like i say, ive been hear a long tie. weve never had a fiscal conserva...

Billions, they do it legally, they avoid taxes, they pay no taxes. with all this con on those who make $250,000 about the big corporations? >> we do need to reform the tax code that going to take a real effort. i dont think you will get that done this year or next. it going to take a republican controlled congress to do it right. >> greta: you can exonerate republicans in all this. >> republicans can do a much better job too. like i say, ive been hear a long tie. weve never had a fiscal conserva...

>> well, its obvious that not all of these things are going to get donen the next three months. theres a lot to do. were right now meeting on health care. the meetings have been, i will say, very substantive. i would have liked for them to be more in the public so youre bringing the public along. there seems to be some consolidation beginning to take place on tax reform. had a great discussion this week with fred smith at fedex whos working with many business associates. there seems to be someth...

And it will probably be a rather short-term solution. >> you know house republicans in particular, they seem quite unhappy here. they dont want to do a long-term extension raising of the debt ceiling. they want to have a conversation about obama care. in your estimation, should the discussion about obama care be over? >> well, first of all, i oppose obama care and think we ought to repeal it and replace it, and i think most americans agree with that. but we can minimize the damage in this proces...

Short-term solution. >> you know house republicans in particular, they seem quite unhappy here. they dont want to do a long-term extension raising of the debt ceiling. they want to have a conversation about obama care. in your estimation, should the discussion about obama care be over? >> well, first of all, i oppose obama care and think we ought to repeal it and replace it, and i think most americans agree with that. but we can minimize the damage in this process by doing certain things that we...