Spending Item News Today

Travel around southeast asia we see chinese tourists around. we see chinese tourists around. we see chinese tourists around. we see chinese airlines flying in but it is just not at the level it was before. we but it isjust not at the level it was before.— but it isjust not at the level it was before. we have been talkin: it was before. we have been talking a _ it was before. we have been talking a lot _ it was before. we have been talking a lot about _ it was before. we have been talking a lot...

So they are not doing anything except complaining about spending, because thats the whole goal here. theyre going to use this debt to say, well, we cant spend money on the food stamps that you just mentioned. were going have to squeeze medicare and social security because were going to have to be paying for servicing the debt. >> and anyone up there hwho has had credit card debt, this behaves like credit card debt. its the most expensive kind of debt you can encounter. as this debt goes up, the ...

Tax bill, and that would even explode the deficit and the debt much more than in the numbers that came out today. so they are not doing anything except complaining about spending, because thats the whole goal here. theyre going to use this debt to say, well, we cant spend money on the food stamps that you just mentioned. were going have to squeeze medicare and social security because were going to have to be paying for servicing the debt. >> and anyone up there who has had credit card debt, this...

Republicans spent too much money during thinks brothers time in the white house. i asked what spending item would you have vetoed? i didnt really feel like i got an answer. >> no, in fact i was looking at the transcript. you didnt get a specific answer, at least to the one you asked, which is pick one thing. the reason i thought that exchange was telling, jake, is because ive spent a good part of the modern and early afternoon talking to concerned leaders. and when you bring up jeb bush, they sa...

Its already been taxed. now its time to reduce spending and get this country growing economically again. >> senator coburn, this question of spending and even the impact of the sequester is something that youve taken on, on twitter and elsewhere where youre talking about sequester this. youve identified lots of areas where spending can be cut. and this is where you disagree with the president who thinks that ultimately the sequester is going to have economic harm, that theres no way around it. >...

Of spending and even the impact of the sequester is something that youve taken on, on twitter and elsewhere where youre talking about sequester this. youve identified lots of areas where spending can be cut. and this is where you disagree with the president who thinks that ultimately the sequester is going to have economic harm, that theres no way around it. >> well, you know, thats just a difference of opinion. we need to give the president and his administration some flexibility with the seque...

Revenues in 2013 as the economics have already shown, the economists have already shown. so the bottom line is this. what can we do to bring spending under control? weve spent it. we have record revenue this year. its already been taxed. now its time to reduce spending and get this country growing economically again. >> senator coburn, this question of spending and even the impact of the sequester is something that youve taken on, on twitter and elsewhere where youre talking about sequester this...

He or she doesnt want to spend money on, but then congress has to act. >> so it goes back to congress? thats the big difference? >> its called expedited procedure. it means it has to come up to vote. as paul said its an up-or-down vote on this item of spending they have said, the president said we dont need. it means a lot of members will think twice up front before they ask for a spending item that they dont think they can defend under the full light of day. >> it sounds like a really good idea...

He or she doesnt want to spend money on, but then congress has to act. >> so it goes back to congress? thats the big difference? >> its called expedited procedure. it means it has to come up to vote. as paul said its an up-or-down vote on this item of spending they have said, the president said we dont need. it means a lot of members will think twice up front before they ask for a spending item that they dont think they can defend under the full light of day. >> it sounds like a really good idea...

With the tea party pressuring republicans to make big cuts in those programs, as one democratic aide put it, they painted themselves into a corner. the obama budget, though fully detailed as all presidential budgets are, is only a negotiating tool which leaves republicans now asking themselves do they really want to go first on proposing specific cuts to social security and medicare when only 13% of americans support cuts to social security, and only 21% support cuts to medicare. joining me now,...