Page 105 - Spending Problem News Today

Bankrupt this country. you need a plan. >> well part one of the plan was the big commission that the president put together. that came out with its report just before the end of the year. what did you think of that plan? >> well the commission i think did a great job in building the case for the need for the fundamental reforms where everything was on the table. they noted it was primarily a spending problem, and a revenue problem, now we need to hear from the president, what is he going to do w...

State not paid for. for the $30 billion were giving aid to the states -- >> they paid for it by redirecting food stamp money and closing some tax loopholes. >> which bill are you talking about? >> the $26 million for teachers and police. >> last week we had a $30 billion unemployment extension. that wasnt paid for. we have $30 trillion for. were not talking about cutting taxes, were just talking about keeping rates where they are right now and not raising them for january. >> go ahead. >> i beli...

Single largest cause of americas structural decifit, that is the decifit not caused by the collapse in tax revenues when the economy goes into recession. the simple fact is that all the bush tax cuts were unaffordable, they were an irresponsible act of hubris and during the economic boom your thoughts on this that karl. >> i think hes absolutely wrong. he ought to look at the record. the bush tax cuts led to a couple of things: first of all, the largest amount of revenue received by the governme...

Fraud, and abuse, they have not. you have to pay and tho hes not a fan of raising taxes he says thats the only way out because neither party has the guts to address the big spending thats the problem. >> well, you cant throw up your hand and say lets raise taxes. thats -- thats not going to help the problem is what im saying. look at europe. most of the european countries have higher income tax rates at the top level. about the same as we do. and on top of that, theyve got average around probabl...

Weather delays the next big attempt to seal the well could begin early next week. the congressional blackhawk is just put out a state on embattled new york congressman charles rangel slamming republicans and democrats who, quote, presume guilt, end quote, before an ethics committee hearing this week on thursday, john. now lets run through stories off my political radar. heres the first one here. this town is about to have a new fight on its hand wlshgs to let george w. bushs tax cuts expire ...

Candy, is to argue that at this juncture with this kind of economic environment, we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> okay. overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have a serious problem here because we spend too much. i thin...

What theyre trying to do, candy, is to argue that at this juncture with this kind of economic environment we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have a serious problem here because we spe...

Taxes, the question is raising taxes. what theyre trying to do, candy, is to argue that at this juncture with this kind of economic environment we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have...

The question is not cutting taxes. the question is raising taxes. what they are trying to do, candy, is to argue that at this juncture with this environment we should have a significant tax increase. i dont know the economists you are talking to, but the ones i talk to is raising taxes in the middle of a recession is not a good idea. >> overall, a $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think we have a serious...

Has come up with a reasonable proposal. its like to avoid laying off teachers we are going to freeze salaries. big spending problem like we have, big deficit we have, reasonable solution. unions are going to fight it tooth and nail. thats a mistake. >> cheryl: i cant see mike bloomberg asking the kids to cough up a few extra pennies or dollars if you will, layfield, for the teachers. >> if you had to deal with the air waitresses i dealt with, he would have. we pay more for unions for the retired...