Page 54 - Spending Problem News Today

Congress by april 1st a budget that balances in ten years. g.o.p. is increasingly frustrated by the i insistence that the solution to deficit spending is more taxation. president doesnt believe we have a spending problem. he genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isnt thriving. >> washington has to deal with its spending problem. i watched them kick the can down 22 years down the road. its time to act. >> ha...

Of these sequester cuts. its tens of millions of dollars that will hit dod. rather than making them automatic meat cleaver cuts as so many worry about they would give the pentagon some discretion and latitude to target the spending cuts themselves. whether they will reduce the number of spending cuts that hit the pentagon and the dod that remains to be seen. what we do understand is in a few hours the republicans in both the house and senate will say lets give the pentagon some jurisdiction over...

The spending cuts to take effect. thed a a menstruation has been saying all along that we dont -- the administration has been saying that we dont think washington has a spending problem, washington has a revenue problem. their solution to everything is raise taxes and that is what they are saying about the sequester. can hwe can replace or delay by getting revenues in the door and that means taxes. >> greta: the whole sequester thing emerged in august of 2011 and the idea of sequestration was fr...

On the house floor right now is house resolution 444, which would essentially require the president to come up with a budget proposal that would get to balance in ten years and do so by april 1st of this year. that is a hurry up offense if ever there was one. and the president who has not been able to get a budget proposed and a budget resolution passed by the two chambers of congress has already suggested hes not going to do that and there is very it evidence that the senate democrat that contr...

Prosperity. our economy right now is headed in the right direction. and it will stay that way as long as there arent anymore self-inflicted wounds. >> that was president obama this afternoon calling on congress to delay automatic defense and spending cuts that go in to effect in three weeks. talking $85 billion this year alone. more than a trillion dollars over the next decade. the president warned of a major hit to jobs and economy on march 1st if washington doesnt act. republicans quick to pou...

Suggesting that we need more money from the american people essentially. >> we have a spending problem not a revenue problem. revenues this year are anticipated to be above the year they were in fiscal 08. they are going to be over $2.9 trillion over $2 trillion. spending has increased more rapidly than revenues. the tax revenues we got as a result of raising the rates on the top two brackets was eaten up about it congress in one spending bill proposed about it administration, the sandy relief m...

Saying we make it up. >> government has never been able to control itself. there is no profit motive with the government and no incentive for efficienciy. since the end much world war ii presidents and congresses have had federal spending 18 and 21 percent of gdp. under president obama and harry reid and nancy pelosi that exploded. it is 25 percent of the gdp. discretionary and entitlement spending, we have record-breaking deficits. no one is stopping it. nwe have a spending problem. we dont hav...

Spending. mary landrieu denying that washington has a spending problem. >> greta: speaker. house boehner, jim demint joins us. if we have no spending problem, why do we need to extended debt ceiling. why do we need more money? >> the president is running out of excuses. he cant blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yet weve got the slowest recovery of any recovery in history. i spen...

Obamacare, the dod-frank legislation, that was a federal takeover of our financial system is making it harder for businesses to get loans. you look at the expected tax increases, which businesses were trying to plan for, the uncertainty really goes back to the presidents policies. it is not obstruction. i wish we had had more of it. the policies in place are hurting our economy. and even more than that, the uncertainty from the mounting debt on individual americans is -- is putting us in a posit...

December because people were concerned about the increase in the dividend tax rate. we have to start looking at our regulatory policy. already being we have seen 5,700 pages of new regulations from the federal government. thats going to affect the growth of this economy. we have to get the right type of monetary policy also. >> all the things you suggest, if those are the correct solutions or those are really good ideas, it requires leadership, where people are willing to rise above the fight an...