Page 62 - Spending Problem News Today

Especially among republicans. correspondent shannon bream reports on the inside look on presidents spending. >> with the last fiscal deal they are gearing up. as one of the key players talk about what happened the last time around. in an interview, house speaker says, quote at one point several weeks ago the president said to me, we dont have a spending problem. boehner says he was stunned and repeatedly push the issue with the president. he says mr. obama grew irritated and said i am tired hear...

Because we keep printing money and spending money. do you think we a spending problem? >> i think we finance our government with the idea that we keep providing opportunity for the money managers, the money lenders, the money changers and it is kind of like billy holliday used to say, them thats got shall get. >> neil: dont play the same cold game and cater to them. >> we already made the decision we have to borrow. >> neil: stop like you tell an alcoholic put the glass down. stop, stop, stop. >...

As a country were not talking about how to help people get off the system and on to a more sustainable lifestyle to be able to take care of themselves. when you opened you talked about an article when president obama is quoted by boehner as saying he said to him we dont have a spending problem. the white house is not backtracked on that. obama has backtracked on something, medicaid cuts. he was willing to do $110 billion in cuts and he is not going to. president obama was admitting that he could...

Future. that is our spending addiction. >> are you then saying to the upper classes, get ready, you are going to have to pay some more? this is not the end of it? >> im saying its not off the table. >> its not off the table? >> not in terms of tax rates. >> what would be some of the things on the upper income people, what kind of deductions? >> im not going into it. put it all on the table and see what is working. >> bret: what may happen in front of debt ceiling, next stop in the fiscal back an...

Was, in the words of pat buchanan, a big fat nothing burger. >> absolutely. >> nothing got accomplished rather than america got deeper in debt. >> and got a chance to see how stupid the process is with a bunch of clowns doing nothing. >> and again, nothing happened of any significance. >> exactly. >> and ive got to say, what strikes me is the president of the united states tells john boehner hes getting sick and tired of hearing that its just a spending problem? well, it is. just if you look at ...

Even if polls are against them. >> well, i think they have come to the conclusion to fight and i think theyre going to push it as far as they can in order to see who buckles first. but again, the problem here is its the country that suffers. yes, we have to do something about the spending problem, we have deficits and debt. no one disputing that. not even the president. you cant ignore the fact that the way you solve it is not by simply eviscerating social problems like social security, medicare...

We have the "wall street journal" article. i want to read a portion of it. speaker boehner says one point several weeks ago the president said to me, we dont have a spending problem. he repeated this message so often that the president became irritated abe said im getting tired of you hearing you say that. we have talked about ideological differences and how each side says that we can move forward to better this country but the bottom line is they do not see through the same prism in any respect...

Have a spending problem? lets not talk about earned ente entitlement. but a spending problem they refuse to fix? >> i dont think we refuse to look at it. we are spending a lot of money because we are in the midst of a terrible wall street caused recession. where real unemployment is close to 15%. and if we do not expand the food stamp program, children in america go hungry. and if you do not provide unemployment compensation, workers will be out on the street having lost everything. historically...

The fact that they both had difficult constituencies seems to be broken. >> mike allen going to be back in our next hour to talk dangling participles. >> gerunds. >> alex has the definition of gerund. hes going to tell a waiting america that definition now. >> a gerund is a form that is derived from a verb but that functions as a noun. >> oh, wow! i like it when you say it like that, alex. >> i think weve got a spending problem. >> thats weird. up next -- >> and joe, mika, real quick, also jus...

The republican conference, starting with a retreat hes doing with republicans. hes going to talk about how he can channel his conservatives more effectively with his rightward pressure that were seeing. >> so mike, does he feel like because the perception inside his own caucus is that he gave too much on the fiscal cliff deal, that on the next one hes going to have to stand up more to the president, just politically anyway? >> thats a great way to put it. its not just the perception. i think you...