Page 69 - Spending Problem News Today

Including both and you congresswoman blackburn and me and other conservative groups out there, they were against the fact that the speaker was willing to give in on tax rates in any way. so the fact that -- they were willing-- the speaker was willing to do that shows, what? >> well, i think that the speaker tried to exhaust every avenue of approach that he could. he tried to, you know, in good faith, negotiate with the president. we saw that that was not going anywhere. at the end of the day, we...

Its purely entitlements. no taxes anywhere. a guy making $5 million a year, his taxes should not increase. and were going to solve a problem in this country with an attitude like that? >> mr. buffetts not going to pay a dime in taxes. thats what were talking about here. >> to solve this fiscal crisis without taking any, any revenue at all. >> taxes doesnt solve the crisis at all. thats the misleading statement. all these sides are making that somehow its a taxing problem. it is not a taxing prob...

>> there is a provision where -- majority leaders in both bodies can bring up the privilege to shut off the sequester. considering the dire nature is that an option and have you given consideration to that? >> i have not given consideration to it. we have a spending problem. we have to address it. were not going to address it by kicking the can down the road which is what youre suggesting. >> speaker boehner, mr. cantor suggested the house and the state here this will a job was done. theyre obvi...

Last night when people still havent seen the bill. >> listen, our members in our conference have consistently been focused on addressing the spending problem. as you know last year we have focused primarily on trying to --. jon: house majority leader eric cantor, the number two republican, advocating the passage of speaker boehners plan b, the plan that would raise taxes on those making a million dollars and more in this country. as you heard, preserve the current tax situation for more than 99%...

Were not going to be able to solve it by kicking the can down the road and doing all the gimmicks that have been done in the past. it is time to address our spending problem. >> will either party really ever do that? heres the inside washington reason why many are skeptical. lets take a look at the full scope and size of the government over the past five years. in yellow you see how approximately 10 billion of your tax dollars spent by our government in a day adds up to upwards of $3 trillion a ...

Mechanic -- america has a spending problem. if we focus our attention on building a greater economy, a better economy, we can find a way to pull ourselves from this fragile recovery to a robust recovery. >>neil: you going from a place where republicans rule to where democrats rule. harry reid rules. it is his way or the highway and he has said that speaker boehner wants to bring up tonight a separate vote on taxes where only nose a million and oversee their rights go higher is going nowhere in t...

The taxes go up on the richest people. i said, that may sound great. but let me explain, that means your boss, corporation, a single lawyer, single law firm, if their taxes go up by $50,000, they will have to find that money from somewhere. and it might be from your benefits, it might be from your hour, it might be from your job. those are the people who are going to be hurt n. return, you generate six, seven, eight days of government spending. thats not a solution. thats the problem. the tax in...

Unlikely and i think its always been unlikely that you get anything resembling a deal until the last minute or past the last minute because these guys will not give in unless they absolutely have to. >> republicans seem like theyre in a little bit of disarray right now. the conservative club for growth came out against plan b and this is on "the wall street journal" editorial page. by tuesday afternoon even mr. boehner seemed to be throwing up his hands. either way we get a tax increase without ...

So-called fiscal cliff negotiations. the deal on the table is smal smaller. yet the president wednesday said the republicans should be pleased with the spending cuts they would be getting to sign off to. >> its a deal. they will claim they worked with me in the last years to reduce the deficit more than any other deficit reduction package. we will have stabilize it for ten years. that is significant achievement for them. they should be proud of it. >> clearly theyre not. we are going to the debt...

Feel confident they will have the votes to get the measure paesd. they say its only part of the problem. here is congressman john kline. >> we need to address that spending problem. the president has been unwilling to come forward with any meaningful spending cuts, any entitlement reforms. if you dont reform the entitlements you can never really get at the debt deficit problem. >> reporter: so, again, if the house g.o.p. does succeed in passing that measure tomorrow one of those two amendments t...