Page 100 - Spending Problem News Today

Doesnt understand what a continuing resolution is. what we are looking at is a $2.6 trillion worth of spending and we have said, lets cut $61 billion out of this spending, spending is out of control, washington does not have a revenue problem. it has a spending problem. the american people want this, and they are adamant we make spending reductions and we have done that and we have sent it to the senate. not once, not twice, but three times and the senate, harry reid, has refused to take action....

And 1 1/2 billion is the number that strikes me as radical. to charles payne, gerri willis, adam lashinsky and charles, what do you say? >> radical, radical, yeah, 1.5 trillion, thats a radical number and 14 trillion, thats a radical number, too, how about 45 million people on food stamps, thats pretty radical. stu, this is the real deal. what would be radical, the politician standing up and having the guts to say, weve got to drill this back in. not attacking wealth creators while the masses go...

What do you make of this? >> let me say that hearing mr. spradlin talk was heart breaking because what were ending up doing is punishing the victims of the economic collapse and running a ponzi scheme on them as well. let me give you a few facts that dont seem to make it into the debate at the moment. corporate profits last year are up 37% while taxes last year were at the lowest level since 1950. we do not have a spending problem in america. we have a revenue problem. we lost 60,000 factories d...

International president of the united steel workers. good to have you with us tonight. what do you make of this? >> let me say that hearing mr. spradlin talk was heart breaking because what were ending up doing is punishing the victims of the economic collapse and running a ponzi scheme on them as well. let me give you a few facts that dont seem to make it into the debate at the moment. corporate profits last year are up 37% while taxes last year were at the lowest level since 1950. we do not ha...

Revenue. we dont have a revenue problem, we have a spending problem. how many secretaries have to say this debt is not sustainable? >> let me address that for one second. now, you know that non-defense discretionary spending is only $610 billion and the deficit is over $1.6 trillion, you cut it to zero, they cut all the programs, epa, department of education gone, zero, you still would have about a trillion dollars, so how do you balance this thing without going into defense offer raising taxes?...

For cash? >> i would say that is right. i would also say, we do not have a revenue problem, we have a spending problem. if we need couple extra billion dollars to spend, were using it to subsidize light rail. >> hold on. >> how many years. >> over a decade. >> how long does it take hundred billion dollars a year. >> can do you think the government is collecting less money in tax from gasoline because people are driving less because gas costs so much more or people are using mass transit. or the ...

Every mile they drive is a, quote, a practical option for raising revenue. practical? forget about the privacy implications of the government tracking your driving habits. what about the fact that you pay for road maintenance and every gallon of gas you buy. plus we dont have a tax revenue problem, we have a spending problem. here to discuss, fox contributor charles payne, professor carolyn heldman and camile foster. what kind of sense is this? >> i guess its a sin tax. this is so wrong in every...

Sure that we have a legislative branch of government as we have a house and a senate. legislations are to compromise. megyn: what is that mean? what are we supposed to glean from that. >> youre supposed to glean that its first time harry reid has done well among republicans. he leaks his focus on constitutionality. this is not democrats or republicans this is about americans. they can recognize that the democrats are talking about a constitutional approach just like democrats realize when republ...

Echlon. >> steve: you made their point. there is plenty of money and nick, you say that is faulty thinking. >> it is a republican problem and democrat problem. with happened in the federal,itate and local levels. we spent money like drunken sailors could not do . wisconsin interestingly has the fourth highest combineditate and local tax burden coming in after new york and new jersey temperature is tax to the gills . so we are out of money. the states are looking at 125 billion short fall over th...

Election. she dial tested well among republican primary voters. after principle is victory. they are looking at the person they want to stand up against barack obama in a debate. while they respect governor palin and empathize with what she has been through, her greatest challenge is winning those swing voters over. for huckabee, who is leading if he doesnt run he will be the first candidate in decades to have a clear lead in the national polls and not run for office. >> sean: republicans this i...