Page 12 - Spending Problem News Today

That increase. incre president,stration your administration spent more than an more thy prior $7.8 trillion added to the national debthe natio, 3.5 trillion of t before covid. so does that mearen thatng probl youre part of the spending problem? >> well, first of all, thanks for the question. thanks for letting me respondr to a reference to ours reco administrations record. im incredibly proud of the record ord f the trump-pencead administration. >> i mean, in fourminiration she we rebuild our mi...

After saying that -- >> sandra: they cant afford a $400 emergency. >> the americans are not getting relief from college loans, those are not the americans they are talking about. they will not get $7,500 to get an e.v., because they are not the ones they are trying to help. those are the americans they are crushing with their band aid. listen, fitch did it all. when fitch downgraded the rating to aa, that was the ultimate wake-up call for the american public. making it too expensive and the succ...

It got there because of this administrations policies. so yes, we need to find places to cut. we need to do it very pragmatically. there is a right and wrong way to do everything we got to be smart about the way we do it. i believe bipartisan solutions are the more permanent solutions. i served with democrats that understand weve got a very, very serious spending problem. i am hopeful we are going to be able to get this done. but we will have to wait and see what happens. arthel: we are hopeful ...

Have, a liberal socialist, green party person, running this country right now who doesnt care about defense. >> lets play a bite from president bidens address to the country last night and he takes a couple of shots at republicans while calling this a bipartisan win. watch. >> republicans may not like it, but im going to make sure the wealthy pay their fair share. im also proposed to closing over a dozen special interest tax loopholes for big oil, crypto traders, hedge fund billionaires, saving ...

With the debt ceiling. we got, we got — i think things are going as planned, god willing. the house will come to order. the lower house in congress has now approved a bill to raise the debt ceiling, though not without regrets and recriminations. republicans claim that theyjust had to threaten the economic well—being of every american man, woman and child because of the $31 trillion debt was too high. the bill alters our fiscal trajectory and helps remedy the federal governments insatiable sp...

Done. and the reason why we are here is because both parties have acknowledged that we cannot default on our debt. we cannot. we have to keep the commitment that we made to our creditors, our veterans, our seniors. thats the reason why were here, because both parties have acknowledged that we cannot allow this to happen. now, we do have a spending problem, and both parties need to acknowledge that in order for us to actually work on them. ive seen the budget over and over and over again when i w...

Him after reaching a deal with president biden. my panel joins me now. so former congresswoman mia love, what do you think? what do you think of the deal? do you think republicans have the upper hand here or that president biden did? what do you think? >> think the american people got the upper hand -- >> so mccarthy. >> no. no, no, no. were here and its a good thing that were actually getting this done, and the reason why we are here is because both parties have acknowledged that we cannot defa...

It is truly a spending problem. youre looking at spendingndin versus revenues as a percentage of gdp. we are clearly cavenue, and in territory now that says you cant raise taxes high enough and solve the problem we have with ourt. deficits and our debt. so the answeso ther is youve gl to reduce spending, pay the very first bill thatl introduc congressery is pretty simple.if simply says if congres congs doesnt balance their budget, you dont get paid. >> i spent twenty eight years in business busi...

Coming in. but when the democrats were in power they spent the most money. so we have the most expenses going out. it is not a revenue problem, it is a spending problem. the highest amount of debt. dont you think it would wake them up to the sensible? i just heard on cnn that 60% of americans believe the debt ceiling should only be raised after you found savings. so to your question, your question, i think were representing the american public and thats what well continue to do. i have to open u...

First of all, let moe me tell t american public. were not going to default. were going to solve this problem. i will stay with it until we can get it done. lets be honest about this. we have to spend less than we spent last year. its not my fault that the democrats cannot give up on their spending. you would think -- you have the most revenue in the history of coming in. when the democrats were in power, they spent the most money. we have the most expenses going out. its not a revenue problem. i...