Page 58 - Spending Problem News Today

When we talk about gun safety issues, weve focused on newtown but not so much -- he has inner cities. there are other issues he has to focus on. >> i hear you. we asked an open-ended question in our poll. whats the message you want to send president? doris, one, create jobs. that was the most popular message to send. two, fix the economy. three, stop spending. four, compromise. five, great job. but those first two, thats 20%, 1 in 5, something to do with the economy, an economy thats not better ...

>> an amazing person . yeah, hes incredible and amazing. >> it is always -- it is always exciting. so it is exciting. >> neal cavuto is going to washington. hes the president guest of the honor in the inauguration . he is hosting special live coverage 11:00 a.m. on the fox business network and 4:00 p.m. on fox business . you dont want to miss it. >> coming up next after the president said we dont center a spending problem, out comes a new report. four billion and went to foreign firms. what happ...

Done. >> rick: kristy republicans say this is not unreasonable. we mentioned the poll that showed an overwhelming number of people say that washington has a spending problem. does the president not have to at least pretend to sound like he cares about that? >> i think that he does. but i dont think this is the answer. look, as we just said, this is not a real solution. we need to stop game. i think we should abolish the debt ceiling. i dont think we can have this conversation every couple of mon...

Age or those who might be too wealthy to get free met case, maybe not to pay as much or more. you would be against things like that? >> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we dont hav...

He keeps presenting these false choices that its either getting -- youre either political, you want an a from the nra or you want safe school, safe children. if you have an opposite view, an opposing view, you cant get to the table if the president is going to set you up as the demon in every case. he immediate to be less self-refr he shall. he needs to take more responsibility. one thing thats happened here is the statute of limitations has run out on blaine bush, and he has to get more to the ...

Measure because we have to get the spending under control. that is the big problem here in this country right now, bill. we are burying our children and grandchildren under a mountain of debt. and the credit agencies say they are going to lower our ratings but not because of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesnt seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this cou...

Doug mckelway is live in washington with more on the democratic plan and the road ahead. hi, doug. >> reporter: hi, jenna. this democratic plan in a nutshell would basically do away with the statute that calls for the debt ceiling in the first place, allowing spending in effect to go up and up and up without the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so well be learning a lot more about it as the day progresses. ...

To our future generations, you know, our children and our grandchildren, currently who have $53,000 debt upon them. were eroding their possibilities and their opportunities in this great society. so i think we have to have up in washington d.c., the seriousness, to look at the true problem, which is a spending problem. look at mandatory spending programs and we have to stop the exorbitant amount of spending and we have to say, finally, were going to stop this debt and were going to get serious, ...

This. there are reasons for it. one is we all got outraged about earmarks and a symbol of evil congressional corruption and therefore took out a very common, what had been a practical way, really, of moving bills through congress. and a lot of the projects that were authorized through earmarks were very valuable to districts, economic growth, creating jobs in districts, helped business in districts, added vitality to districts but always just baffled with the moments of people decide right here,...

>> thats not default but credit agencies would likely downgrade americas rating that would raise the cost of borrowing money. ben bernanke says its very, very important congress avoid this. >> republicans know it is not the first thing that would come from not paying all of our bills. from their view ever increasing debt is not an answer. house speaker john boehner says the consequences of failing to increase the debt ceiling are real but so, too, are the consequences of allowing our spending pr...