Page 44 - Spending Problem News Today

Line into acting irrationally, i would even say crazy. >> right. well, thats a fairly, i think, generous view of mr. mitch mcconnell. jared, speak he john boehner just two months ago suggested he could stump up $800 billion by closing tax loopholes. nowadays he never mentions it. would closing tax loopholes, jared, again as an economist send the economy into a downward spiral of descent and destruction. would it ruin the economy? >> absolutely not. in fact, i happen to be writing testimony on th...

Heather? >> kelly rice. thank you kelly. we are going to stay with the sequestration and take a look at who is talking. thats what rand paul is talking about this morning. >> senator paul focused on the spending problem facing this country and what it means for our future. >> you know what from us straights me? the average wealth of the average american in the last five years has gone down 22 percent. and everybody out there watching this program for the most part has had to make decisions to cu...

But in this case, i dont think there is any room for revenue at all. >> this is what you do when there is a mistake in a game. you call time-out. i am sick and tired of hearing the republicans saying that the president got new revenue. that was the expiration of the bush tax cuts. everybody with a brain knows that. thats not new revenue. that doesnt take us beyond the rates that we used to have. but this is the republican strategy. you have to negotiate with them on their terms or youre not goin...

The administration has every interest in making the skwout come as bad as possible. and if theyre out there crying wolf with their hair on fire and two weeks from now, nobody can tell the difference, then thats a big flop. so every bureaucrat in washington knows, you better not make this easy, we want it to be terrible and everything theyre saying is its going to be terrible, going to be terrible, if it it doesnt turn out to be terrible, itd be politically hurt. that bothers people and that both...

If we continue on this trajectory, the one that the president and the democrats have put us on, you know, our children are going to be competing for fewer jobs, with shrinking paychecks, and you know, living in smaller, older homes and theyre going to be confined to small dreams, we are he on the verge of being the first generation in americas history to leave the less generation with less freedom, fewer opportunities and a lower standard of living and thats frankly immoral. >> well, george bush...

Machine. >> real revenue growth is critically important as long as real cuts in spending if were going to solve our long-term fiscal problem. i made it clear to the president that i would put a trillion dollars worth of revenue on the table if he were willing to put a trillion dollars worth of spending reductions on the table. we have to find a way to address this significant spending problem that we have and we need to find a way through tax reform to begin to grow our economy in a way that wil...

This. if we dont solve the spending problem here in washington, there will be tens of millions of jobs in the future that wont happen because of the debt load that is being laid on the backs of our kids and our grandkids. >> well, then why dont you take the deal the presidents got on the table, mr. boehner? republicans are willing to see people lose their jobs. they are willing to see projects and services fall by the wayside. this is the new mantle of obstruction. president obama is using all o...

>> hope springs eternal. the president can sit down tonight and work with the democrats to move a bill. its time for them to act. yet we see nothing. >> do you have a sense of how many jobs will be lost as a ot.ult of the sequester? but i can tell you this. if we dont solve of spending problem here in washington, there will be tens of millions of jobs in the future that wont happen because of the debt load laid on the backs of our kids and grandkids. i came here to save the american dream for my...

His notes and it was exactly his idea. what does your gut tell you? do we really not have enough money to get an extra aircraft carrier to the persian gulf? all flights will be delayed? is there a scare tactic there for americans? >> there is no doubt about it. thats why i said call the bluff, give them the authority to do it. we have to do this all the time. we have to make those tough choices and we find a better way than the scare tact ticks. for years, i heard not just in stayed, but local g...

>> bob: you said well spend more money and that is true. entitlements grow with sequestration. the reason this is a big deal it cuts everything across the board. there will be fewer people at tsa and fewer flights handle and there are serious -- >> eric: i got to ask. >> bob: they get done and the cowards dont have the ability to -- >> eric: there arent fewer. even you use 2012 budgets to pay 2013 expenses you will spent more. you have more to spend than 2012. >> bob: in the in cuts that are sub...