Page 65 - Spending Problem News Today

Greg. you are right. and, two years ago the president when we had economic growth that was actually higher than it is today said we shouldnt be raising taxes in the middle of a weak economy. today here we are we still have got a fragile and weak economy. we know that raising taxes at the $250,000 threshold would hit a million small businesses who employ 25% of the workforce in this country. it would be all the analysts, all the economists say that this would be really bad for our economy. and if...

Greg. you are right. and, two years ago the president when we had economic growth that was actually higher than it is today said we shouldnt be raising taxes in the middle of a weak economy. today here we are we still have got a fragile and weak economy. we know that raising taxes at the $250,000 threshold would hit a million small businesses who employ 25% of the workforce in this country. it would be all the analysts, all the economists say that this would be really bad for our economy. and if...

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...

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...

And the real issue is spending. its a spending problem. the issue just came up. >> right. >> so where do we go from here? congressmanvbñn gomer? its been put in the senate in their hands wex heard from hairy red today. moving forward. i understand the president is reac republicans in the senate. but they dont have the rightbw to originate constitutionally spending bills from there. where do we go from here? >> well, either the senate will do their constit/2ajal duty of taking a bill that origin...

Cave on principles and the real issue here is spending. its a spending problem that is demonstrated by the debt ceiling issue that just came up. >> thats right. >> so where do we go from here, congressman gohmert? its been put squarely in the senate in their hands. and we heard from harry reid today." he doesnt have any intention of moving forward. president at the last hour is reaching out finally to some republicans in the senate but they dont have the right to originate constitutionally spend...

>> from the gop side there are a lot of members in congress that say they do not want to support any kind of tax increase at this point. that prefer to go over the cliff and debate it in january. because they know it would harm them come midterm. but the -- fact of the matter is that -- every conservative in washington understands that we dont have a taxing problem. we have a spending problem. while this issue of viding the fiscal cliff getting past this is not going to be an easy issue to fix. ...

Other people for his lack of leadership he has to appear, at least, to be coming back to find a solution. if the president was really interested in the level of the debt we have in this country, the $16 trillion, we would have had a budget passed in the senate sometime in the last three years. he proposed a budget and none of the democrats even voted for it. it got 0 votes. i dont think the president is focused where we ought to be focused which is the spending. we have a spending problem. hes f...

>> president obama has presided over the lowest tax rate in mod hern history and decades. were trying to role back taxes for people making over $250,000 a year. what john boehner is doing by letting us go off the fiscal cliff is raising every americans income taxes in about a week by not negotiating with the white house. he -- hes in a awkward position, he cant even get his own party to back his own republican proposals, so what were seeing is congressmen and congress women are on vacation, sena...

Were not within a time frame that we can pass a major deal. the house and senate republicans already basically wasted so much time that prevented us from doing that. now we need to come together, avoid taxes increases, make sure we can extend unemployment insurance so we have people who are still looking for work that arent left out in the cold and make sure the few other loose ends we can tie up so we can deal with this? a more major way are ability to happen. we have to try to avoid the bigges...