Page 16 - Spending Problem News Today

Since 1960. why got into those though? john boehner was a special guest on mine of fox business, which if you dont get -- you know the idea. he was telling me there are similarities between then and now. take a look. what do you think of what is going on on the hill? you visited these type of things including 2011 close call that prompted a ratings agency to nick our triple a rating. what do you think of how that compares to now? >> i think its pretty similar. you know, i told president obama wh...

I do, of course, have to point out that is the same mitch mcconnell who voted to increase or suspend the debt limit 32 times, already, in his career. 32 times according to "the washington post." i guess, 33s the charm? but hypocrisy aside, lets be clear. america has long had a spending problem. under trump, the united states racked up nearly $8 trillion in new debt. under then-president obama, the debt rose by more than $9 trillion over eight years. 86% of the total debt he inherited. and congre...

Life in finance and economics commodity, so you can check my math but 4.3 is higher than 2.0. the problem is a spending problem and not a tax problem. the latest data just came out, friberg, federal tax revenues as a share of the economy, the shared pdg, is now hitting 19.3%. that is virtually the highest since 1960. so thats 60 -- revenues are flowing in at current tax rates that include corporate tax cuts from the trump era at a record pace. i would say we have a spending problem. >> sandra: b...

Tier as you see. to be fair, under president trump, the debt was 26.9 trillion. trump added 6.7 trillion to the debt and there you see the numbers there. it hasnt been a concern, and yet this years deficit bill projected to be the second largest since 1945. as it stands now. and that is just the cbo estimate. >> right, look. for most people, its very abstract. i dont really think we have a debt problem, we have a spending problem. republicans were not good at this during their time in office bef...

Do you support the infrastructure plan as it stands roughly at a trillion dollars, half of that using reprovided covid funds that have not been spent. are you onboard with that in. >> im onboard with it as long as were not raising taxes to get there. and my understanding theres roughly $2 trillion in unspent covid relief money, so the funding mechanism is there, and i do believe we can do it without raising taxes. im very, very cautious and, i think, suspect of more spending when we have to rais...

People are always welcome to pay more of their money, this is not a revenue problem. the problem with the government is a spending problem. lets just pretend they all paid whatever the progressive gods wanted them to pay. in another billion. another 2 billion. another 3 billion? does anyone think anything would work better? would there be more productivity? would anything be going better than its going right now in the answer obviously is no. you would just have more bureaucracy, more government...

In his book Was Jesus a Socialist? author Lawrence W. Reed writes, “Almost everybody wants to help those in need. The crucial question is how to help. Let’s not make the mistake of arguing that to use force, plunder, and dependency is somehow ‘the Christian thing to do.’” [Emphasis his] Today we see the party in power in Washington, D.C. spending recklessly, ostensibly to help those in need. But one suspects they’re really just trying to buy votes by giving away “free” money...

Agency, not a federal agency to begin with. and then secondly i dont think people will spend $600 on a hammer should be given more money. the bottom line is we dont have a revenue problem, we have a spending problem. no matter how much revenue washington, d.c. gets they spend a lot more. so i dont trust these people any more than theyve already got. >> leland: as evidenced by the one bipartisan agreement other than usmca at the end of this year was to spend way more money on way more things. tak...

Could look like a picnic by comparison. $14 trillion -- >> i dont think i was wrong. >> will get worse if it is a larger number. >> there is one thing, i like to measure the debt as a share of our economy. of the economy is bigger the main thing we always have is grow the economy, your ability to finance the debt. the thing that changed a lot in 30 years is interest rates when i came to washington were 10% or 11%, now they are to present. >> it begs the question we do have a spending problem and...

Nomination, what they have done in many cases significantly changed the debate or changed the contours of the election going forward. >> you heard the last bit of the conversation we had with my colleague steve kornacki how in history primary challengers often dont work out well for the president who doesnt good on to win re-election. are you comfortable to know if you do issue a primary challenge, it could end up putting somebody like joe biden, bernie sanders or elizabeth warren in the oval of...