Page 4 - Spending Level News Today

Of october from the president to particularly holdouts in his own party, lets get what we can done now, and i know there might be frustration among progressives about not doing enough, but if we can show that what were doing is benefiting the american people, well be able to do more in the future. well see what happens when congress comes back next week with precious little time to get this over the finish line. >> sahil, knowing it wont be 3.5 trillion, where do things stand with democrats? kyr...

They need all 50 votes. >> are they closer than they were two weeks ago, yes. but democrats are not where they want to be at this moment. president biden is trying to resolve this by identifying a sweet spot of 1.9 trillion to 2.2 trillion in terms of the overall spending level. but the rival factions of the party are the no moving yet. joe manchin, the west virginia senator is not moving up from his $1.5 trillion ask, and senator bernie sanders is not moving down from his $3.5 trillion ask. tha...

Needle here? >> i think you and gary are talking about two different things, right? garys talking about the concern of the long-term debt accumulation in the country, a concern i very much share with gary, and youre referring to the short-term concerns about are they going to get through the debt ceiling issue. i honestly believe, neil, thats a concern only for the media and for the politicos that get away with making extreme statements. nobody in america really believes theyre going to default ...

Already another spending bill. what do i do with that? that is not going to cost you anything because im going to tax you later. it is a pyramid scheme. but maybe that is what it always has been and i was naïve not to see it. >> you are not naïve, grade. >> greg: thanks. >> you are better than that. to greg up office naïve point you are establishing these trillion dollars programs and you will need to be reported. and now the new spending level is multitrillion-dollars each year. >> do you re...

So the highway bill would extend that -- or the infrastructure bill would extend that. i will just say, though, that theres just so much things that remain undecided in this reconciliation package. pelosi has said she will not put a bill on the floor that would not pass the senate, so it has to have the spending level somewhere between 3.5, we assume between 1.5 or 2.8 or something in that range. also we dont know about taxes, we dont know about programs, we dont know most importantly -- >> okay...

Well the difference is, hes talking about new spending, the last republican proposal had just $250 billion of what we call new spending here. the rest of the spending is assumed thats going to be passed because of the normal budget process. so thats a big, big difference in this spending level. in addition, president biden told senator capito he wants it to be paid for with new tax increases, mostly on corporations. of course that is something that republicans have not agreed to, do not want, an...

Are willing for this, but not paying for it. >> republicans are trying to spend more money by paying for it with money that democrats have already voted to appropriate. this offer raises the spending level to $928 billion. it is close to the $1 trillion we thought it would be. the way the republicans have decided to fund this is by going back through bills, mainly the american rescue plan passed earlier on only democratic votes and take money appropriated, but not spent and redirect it towards i...

Have a lot of opposition. but that has changed. whether its the money now coming in on behalf of gun violence prevention, gun safety candidates, the grassroots movement with the students at march for our lives or moms demand action. were seeing a shift at the grassroots level, political spending level. thats what politicians listen to. americans are demanding change. theyre going to have to stay up on this issue for politicians to know it matters and it counts and theyre going to have to do some...

We are prosoceeding with the agenda. in the budget sense, there is little support on either end of the capitol or either party for the kind of spending level on non-defense discretionary, that the president is proposing. >> the t presidepresident is be that hes focused on his wall. if the president is so focused on the wall and if hes not going work with you without a wall on healthcare or on infrastructure, is there a way to negotiate with him in order to get healthcare and obamacare backup top...

We will give you 1.6, which they originally agreed. to say keep in mind, the white house is going to think it was a win if you could get more than 1.6. now, according to the democrats, they will probably be lucky, the white house will, if they even get 1.6. ainsley: 1.3 is the current spending level or funding for it thats why they are saying you could use it on fencing and technology. we dont agree with the wall. we think its immoral. the president wants 5. brian: that immoral wall sitting ther...