Page 20 - Spending Pattern News Today

I mean, and also as a political judgment, just the reporting ive been doing today, you know, talking to some people in and around this gang of six senators who are coming up with a compromise, they are getting close. theres, you know, for the first time -- >> close to what? >> close to some kind of deal that they will put forward th that -- >> that they can carp about with? >> yeah, yeah. but -- but the fact is that ive been doing this for a long time, 40 years. this is really the first and most...

And said failure to get a deal would be inexcuse able. senator reid and speaker boehner gave brief comments as well. im joined by heather boushey with jonathon alter on the telephone. heather, i want to catch people up to speed on where we are with this budget right now. what happened was there was no budget passed last year. and so the governments been funded by what are called continuing resolution. what is a continuing resolution? >> well, when congress doesnt pass a budget, then they have to...

After the meeting, president obama spoke to the press corps in the white house. he emphasized the possible cost of a shutdown to ordinary people and said failure to get a deal would be inexcusable. senator reid and speaker boehner gave brief comments as well. im joined by heather boushey with jonathon alter on the telephone. heather, i want to catch people up to speed on where we are with this budget right now. what happened was there was no budget passed last year. and so the governments been f...

Its far from inevitable. >> bill: you believe that even with the massive spending on tap and, remember, that drives the tea party people, it drives disenchantment that, hey, we dont want to be a third world debtor nation here and barack obama has committed in 2010 to spending an enormous amount of money and probably going out to losing congress which he may. you believe even if he turns the job thing around, running up the massive debt is not going to hurt him? i think he has got to stop the spe...

Its far from inevitable. >> bill: you believe that even with the massive spending on tap and, remember, that drives the tea party people, it drives disenchantment that, hey, we dont want to be a third world debtor nation here and barack obama has committed in 2010 to spending an enormous amount of money and probably going out to losing congress which he may. you believe even if he turns the job thing around, running up the massive debt is not going to hurt him? i think he has got to stop the spe...

Its far from inevitable. >> bill: you believe that even with the massive spending on tap and, remember, that drives the tea party people, it drives disenchantment that, hey, we dont want to be a third world debtor nation here and barack obama has committed in 2010 to spending an enormous amount of money and probably going out to losing congress which he may. you believe even if he turns the job thing around, running up the massive debt is not going to hurt him? i think he has got to stop the spe...

Secretary and close friend elizabeth dole. brian, back to you. >> brian: all right, thank you, claudia. there seems to be a sea of red ink sfloeg out of the nations capital these days. chief correspondent jim angle has been putting the microscope to federal spending in his series one nation under debt. and hes taking a hard look at a spending pattern some say is simply unsustainable. >> the nation con fronts scary news every year at this time. our debt levels are bad and getting worse and not on...

More spending. more taxes. more debt. >> despite the impasse over health care reform, concerning the cost, the budget counts on passing a bill and counts on it reducing the deficit. >> that is north 6 10 years of $100 billion in deficit reduction, a small share of the $1.2 trillion in deficit rugs in the budget. officials say to not factor health care reform is giving up on an issue that the congressional budget office says would reduce the deficit. officials are confident they can find a compro...

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