Page 40 - Spending Problem News Today

$1.3 trillion worth of increases in revenue, and only put up $850 billion worth of spending cuts. everybody in washington knows what the problem is. but nobody wants to address it. ive been here for 22 years. and ive watched presidents from both parties. ive watched leaders from both parties kick this can down the road, kick it down the road, and kick it down the road. we are out of road to kick the can down. weve got a long-term spending problem that has to be addressed. i spent the last two-pl...

Washington. they blame the president and down-playing the cuts as you heard. house speaker john boehner says spending is out of control. the president kicked the can they are running down the road they kicked the canon. no agreement was reach to do head off the sequester cuts. he says there was no lack offer fort on his part. >> no one has tried harder to come to an agreement with the president. the fact is the president and senate democrats have done nothing to pass a plan to avert this and d...

Rights. justice scalia said the act now amounts to per petiation of racial entitlement and questioned whether it was the kind of question you can leave to congress. you voted to reauthororithior a it in 2006. do you think its still needed? >> it passed with large majorities in the house and senate. i think its something that has served our country well. but there is an argument over a very small section of the voting rights act, and thats what the court is going to consider. >> you told the "wal...

Whos tried harder to come to an agreement with the president, toll do with our long-term spending problem, no one. its unfortunate, and weve not been able to come to an agreement. but the house did its work to avoid the sequester. theres no plan from senate democrats or the white house to replace the sequester. in over the last ten months, house republicans have acted twice to replace the sequester. there are smarter ways to cut spending than these automatic across-the-board -- >> thats just not...

Government will submit taxes this year adding to the republican position that washington does not have a revenue problem. it has a spending problem. theres also talk about possible long-term grand bargain in the works and d.c. dealing with the looming house shut down and thursday funding past march 27th, both sides say they want to avoid a shutdown threat and with growing dysfunction, is there any hope for compromise? joining us here at the table, veteran nbc news man, tom brokaw. welcome, sir. ...

Maryland. heres an excerpt from what you will see tonight. february 16. with automatic spending cuts he called sudden and harsh, just two weeks away, the president heads to florida for a boys weekend of golf. >> the president in the middle of this crisis took a weekend to go to florida to play golf with tiger woods. smart move? >> i cant comment on the presidents schedule. i learned a long time ago to not worry about the things i cant control. >> reporter: democratic freshman congressman and fin...

Braces itself for the spending cuts. president obama and the republicans are pointing blame squarely at each other. even as some ever working to retroactively undo cuts. steve centanni is watching it all in washington. >> house speaker john boehner said the president didnt have a good plan for athe $85 billion in cuts and blames the president for kick the can town the road and failing to come to terms with the real problem at hand. the issue here is spending. spending is out of control. there ...

Spending problem here in washington and im hopeful that we wont have to deal with the threat of a government shutdown. >> reporter: back in 1995 and 1996, the federal government did shut down when clinton was president and gingrich was speaker of the house. national parks were closed and national monuments and many americans had to wait longer for passports and theres a chance it could all happen again this month. >> march 27th when the government runs out of budget authority then you would see ...

>> but the president, is he not committed to spending, does the deal he put on the table not include over $900 billion in spending cuts over 10 years? >> well, the president asked for $1.3 trillion worth of increases in revenue, and only put up $850 billion worth of spending cuts. everybody in washington knows what the problem is. but nobody wants to address it. ive been here for 22 years. and ive watched presidents from both parties. ive watched leaders from both parties kick this can down the ...

The smarter way would be to actually move a bill that deals with the long-term spending problem. you cant continue to spend money that you dont have. >> is this going to hurt the economy? will it hurt economic recovery? >> i dont know whether its going to hurt the economy or not. i dont think anyone quite understands how the sequester is really going to work. >> is the president exaggerating when he and his cabinet lay out the consequences? >> well, if you look at the fact that they claimed all ...