Page 60 - Spending Problem News Today

Some sort of compromise. i think we could see them raising the debt ceiling and i think it would involve some spending cuts. >> arthel: richard? >> look, as im sure your viewers know cause theyve heard a lot of times, the debt ceiling was raised 18 times under ronald reagan. >> arthel: okay. exactly. >> and the debt tripled on his watch. and the people, like mercedes, werent really kind of complaining about it then because yes, there was a spending problem, but the debt ceiling is not the place ...

Deficit spending and the president doesnt believe there is a spending problem. so we just cant go ahead and raise the debt ceiling if there is no other provisions. theyve got to roll up their sleeves, both congress, with taking the lead from president obama and basically raise -- if theyre going to raise the debt limit, its got to go in with spending cuts. >> arthel: youre talking about the downgrading of the credit rating for the u.s., which now stands at a a plus. it used to be triple a, which...

These are people who care so much about their jobs that theyre willing to hold even in a political sense the u.s. economy hostage. what makes you think that theyre going to be able to pull this off and keep their jobs? its the only thing theyre worried about. everyone knows that if a republican is seen as having threatened default of the u.s. government, theyll be voted out of office. if not, brought up before the u.s. government. >> here is another important point which this gets us to. with th...

Interesting that he refused to say were not doing that and now the argument is, looks the republicans refuse to let anything get done and the nation go over the debt ceiling and wouldnt raise it so president obama has to do what hes got to do to get around the house republicans. >> the reality is, we have a spending problem and i agree with him. the reason its catching on so much, a sign of how much the leverage from the g.o.p. from president obama. with the fiscal cliff, president obama had the...

And so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if youre in the middle class or below that. were experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the countrys financial wealth. 1% of americans own 42% of the countrys wealth. as for th...

That is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if youre in the middle class or below that. were experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the countrys financ...

That is the issue. and our next guest, bernie sanders, wants action. and so do the american people. i was struck by his essay in the huffington post that was titled "the soul of america." so well put. because folks, this is, as i said, an ideological battle. and the deck is basically stacked against you if youre in the middle class or below that. were experiencing more income inequality now than we have during any time in a period of history since 1928. the top 1% owns 42% of the countrys financ...

Toomey, hensarling and ron johnson, three people who have been very outspoken about spending cuts. theyre not afraid to really quantify what they want to cut. is this the kind of campaign you would like to see, get these guys out there and have them start getting specific programs, name them? what would you do? >> absolutely and thats why these people should be testifying before congress. light now, sunshine needs to be shown on this process not only in budgeting but in entitlements and the kind...

>> steve: wouldnt you have loved to have been a fly on the wall during the presidential fiscal cliff talks with speaker of the house john boehner? of course, our next guest was pretty close. he got the only interview with house speaker right after. what he revealed was stunning. "wall street journal" steven moore joins us now. he had an exclusive report. you sat down with boehner hours after the deal, right? >> i did. over in the capitol outside of the house chamber. the bomb he dropped thats be...

You? >> i understand that. that is the difficulty we have. we only control the house. harry reid is not passing budgets and they are not preparing the reports on medicare. you got a president who denies that we have a spending problem. >> neil: senator, good seeing you. government says this is under control and no reason to panic, what is the deal with this triage thing in pennsylvania? [ male annocer ] edmunds.com says the all-new nissan altima