Page 64 - Spending Problem News Today

Security tax will be alternative minimum tax will be. it is like a third world country we are right to blame both parties in congress because they have to get their act together and get this done. >> i dont just blame both partys in congress i blame the president, too. this is about rolling up your sleeves making phone calls i remember whether its lyndon johnson or bill clinton or ronald reagan they knew how to work the telephone. thats not happening here. >> it isnt. i think theres blame on bot...

The country and fair for the many people who still cant find work. it doesnt raise enough revenue or cut spending enough to stop the sequestration. in the words of the critics they will have to kick the can down the road. this will be a hard sell for republicans who say the country has a spending problem, not a revenue problem. president obama is hoping the midnight deadline puts pressure on them. >> date appears that an agreement to prevent this new years tax hike is within sight. but its not d...

On raising taxes on the top tier. to deal with the countrys economic woes. they campaigned -- they say, in districts on dealing with washingtons spending problem and tightening the belt and dealing with entitlement reform and tax reform. things republicans think are the way to solve the bigger problem. they just wont do it. thats the problem for speaker boehner. and whether he allows the vote, knowing majority of his members probably wont go along with it, thats the first hurdle to get over, and...

Next couple of hours and get final details out to us but it looks like three strikes going the wrong direction and that is frankly what most of my constituents feared washington would do, ignore the real problems and say they have solved it and go home for the new year and that, again, that does not solve the spending problem here in our capitol. >> congressman, we appreciate your take. thank you. >> hours to go before the new year and the market could be closed rallying 166 points today but the...

The deficit. it seems to be the spending problem they will have to attack. that is discussion for another day. alexis mcgill johnson. ron bonjean. thank you both. >> thanks so much. uma: well, if going off the fiscal cliff sound dangerous check out the action as this years car jumping championship in west sussex, england. this is an wall competition where the goal is to try to jump over as many cars as possible. each jump is judged on height, applause from the crowd and distance. in the end it w...

What are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we dont have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isnt that urgency, maybe because the markets havent been the roller coaster we ...

Security tax will be alternative minimum tax will be. it is like a third world country we are right to blame both parties in congress because they have to get their act together and get this done. >> i dont just blame both partys in congress i blame the president, too. this is about rolling up your sleeves making phone calls i remember whether its lyndon johnson or bill clinton or ronald reagan they knew how to work the telephone. thats not happening here. >> it isnt. i think theres blame on bot...

If the american people will get as fired up about reducing spending, we might have a chance to fix that. clearly, that message hasnt gotten through to the white house and to the senate. it is heard loud and clear in the house, but we control just the house. >> eric: how do you get that message across and the american people say, instead of dealing with the tacks going up -- trying to deal with the other side of this issue? >> we continue to have the debate. thats what this is about. thats why we...

Date. >> i know. >> why republicans took this date because they wanted to pretend it was deficit neutral so they had to play with the clock to do that. >> i understand. but were never going to advocate for tax increases on anyone because at the end of the day, we have a spending problem. we dont have a revenue problem. but say we want to generate more revenue. do you know how many companies did not pay income taxes over the past three years? fortune 500 companies making billions of dollars and t...

People. >> sean: joe, 8 and a half days. that is not the issue. >> that is not the issue. the issue is you have to do it all. >> sean: and where is obama? >> there is no revenue problem it is a spending problem. we have revenue and spending problems right now. it is a slow slope out of this and that is what the president is trying to do to the tune of $4 trillion. >> sean: but joe, stop! four years he has had here and given us $6 trillion in debt. he is trying? he is not cutting spending. >> the...