Page 13 - Spending Problem News Today

All-time high. in real terms and percentage terms since world war ii. they have plenty of revenue. what we have also is the largest spending in american history and record deficits. so this is not a revenue problem. this is a spending problem. >> so mchenry making clear what republicans are insisting on, spending cuts far more than what the white house is willing to accept. but the question is, if the white house moves even more in the republican direction, how many democratic votes can they get...

Understand this, is it a revenue problem or a spending problem? in the last 50 years, we would average about 17% of gdp in revenue. right now were almost at 20%. only two times in american modern history have we ever got here, 1944 and 2000. so we have more money coming into the coffers than at any time in history. the real challenge is our spending. our spending on average for the last 50 years has been about 21%. well, in fy-22 after the democrats had taken over, were roughly over 24% of gdp, ...

>> on the merits based on what ive offered i would be blameless. on the politics of it no one would be blameless pictures house speaker kevin mccarthy on "sunday morning futures". the real challenge is spending. the spending for the last 50 years has been about 21%. in fy 22 after democrats have taken over for roughly over 24% of gdp it is a sheer spending problem its very odd to me but the president says. we have never offered something different and we talked about the entire time. the pin tha...

Your listeners have to the understand this, is it a revenue problem or a spending problem? in the last 50 years, we would average about 17% of gdp in revenue. right now were almost at 20%. only two times in american modern history have we ever got here, 1944 and 2000. so we have more money coming into the coffers than at any time in history. the real challenge is our spending. our spending on average for the last 50 years has been about 21%. well, in fy-22 after the democrats had taken over, wer...

Commitments. it would be like me with a spending problem instead of curbing my spending now instead risking default and saying to creditors, im not going to honor the commitments ive made. >> no. i speak from personal experience when i say that when youve maxed out your credit cards, its a pretty good time to evaluate your spending habits. and in the seven years ive been in congress, we havent honored the true budget process even once. so the debt limit presents a unique opportunity to try to pu...

March 27, 2023 By David Leonhardt Congressional Republicans say that they will insist on large cuts to federal spending as they prepare for a budget showdown later this year with President Biden. So far, though, they have left out some pretty important details: what those cuts might be.They sure like to talk about what they won’t cut. Leaders have “promised” not…

She omits things like reset with russia and ben ghazi. no mention of benghazi. >> well, if you are in columbia, send us those tips. >> south carolina top accountant went pictures within the accounting for dummies book quits after committing a massive 3.5 billion dollars accounting error, i think this guy should be celebrated, basically what you expect from government officials these days, i wish he would send a copy of accounting for idiots to everybody in washington, that might be the first ste...

In The Reason Roundtable, editors analyze the fallout from the historic failure of Silicon Valley Bank.

>> whats not a revenue problem, its a spending problem. we got more money ever coming in, the problem is democrats inventory increased spending by 30%. >> the "wall street journal" says the spending will increase the debt by $17 trillion, growing by more than 50% heres the chairman of the house freedom caucus. >> we can solve our debt crisis responsibly if we shrink washington and grow america. mccarthy is not going to cut a deal with democrats. speaker mccarthy will not cut a deal. >> is what i...

Something maria said about republicans and social security and medicare. they have publicly ruled out touching those programs. however, they have also ruled out raising taxes on wealthy americans. if youre not going to cut funding to medicare or social security or defense, how are we going to balance the budget if youre not going to increase revenue by raising taxes? >> first off, republicans are not going to sunset social security. they made that clear they are not going to do that. that was on...