Page 71 - Spending Problem News Today

I co-authored an amendment this past session to freeze defense spending, to reduce what was recommended by the appropriations committee. not enough of a cut. but for the first time in my congressional career a good majority of the house voted to refuse what the appropriators wanted by co-sponsoring -- by the way, it was a tea party republican and 80% of the democrats voted with me. our youre going to see either you make substantial reductions in the military or you make substantial reductions in...

Choice comes -- >> okay. heres john boehner talking about his future as speaker. here it is. >> im not concerned about my job as speaker. what im doing about is dpog the right things for my kids and grandkids. if we dont fix this spending problem their future is going to be rather bleak. >> congressman, quickly, whats your take on that? >> hes got this right-wing constituency to which he is responding. and again, its not spoly that they resist taxes on the very wealthy. these are people who want...

Substantial reductions in m s s medicare and i think when that choice comes -- >> okay. heres john boehner talking about his future as speaker. here it is. >> im not concerned about my job as speaker. what im doing about is dpog the right things for my kids and grandkids. if we dont fix this spending problem their future is going to be rather bleak. >> congressman, quickly, whats your take on that? >> hes got this right-wing constituency to which he is responding. and again, its not spoly that t...

Spot figure it out. we did. figure it out. and than, then go forward and continue to debate the issue but dont have our men and women in uniform wondering if theyre going to be, if theyre going to be high and dry because we couldnt have a policy debate that would later ensue, that we couldnt have it right there in a way that would end the war. >> pelosi was asked about the markets not reacting so far to congress and the white house not being able to work this out and shes making the assumption t...

Was happening in that meeting. maybe they were -- >> steve: they were slow walking. >> gretchen: no doubt. are we any further along down the path now that were to thursday with regard to the fiscal cliff? well get to that in a little bit. >> steve: were not. boehner and obama are still miles apart, even though they had a series of rapid favors and counteroffers. mr. boehner is still upset that the president refuses to budge on his insistence on fax rates fort top -- tax rates fort top people. be...

Solve this problem by getting the spending lien down. the president wants to pretend that spending isnt the problem. thats why we dont have an agreement. the chart depicts what ive been saying for a long time now. washington has a spending problem. they cant be fixed with tax increases alone. the right answer is to start cutting spending, addressing our debt, and paving the way for long-term economic growth. unfortunately the white house is so unserious about cutting spending it a pierce willing...

>> can you say categorically you will not put a bill on the floor to raise lower brackets at any point this month without the upper income? >> i dont quite understand what the question is. >> state categorically you will not decouple the upper rates? >> the law of the land today is everyones income taxes are going to go up on january the 1st. ive made it clear that i think that is unacceptable. but, until we get this issue resolved that risk remains. >> mr. speaker, could you describe how diffic...

While the president promised the american people a balanced approach hess proposals have been anything but. he wants far more in tax hikes than in spending cuts. instead of beginning to solve our debt problem he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. thats clear the president is just not serious about cutting spending, but spending is the problem. how big of a problem? look at this chart put together by paul ryan and the...

Listen, republicans want to solve this problem by getting the spending line down. and the president wants to pretend the spending isnt the problem. thats why we dont have an agreement. the chart, what ive been saying for a long time now, washington has a spending problem that cant be fixed with tax increases alone. now, the right answer is to start cutting spending, addressing our debt. and paving the way for long-term economic growth. unfortunately, the white house is so unserious about cutting...

War, take on huge areas of spending, they didnt want to raise taxes then. but the reality is that governments at a point where because of bad decisions, because of mismanagement, it is in a place where it has to be able to do a couple of things at once. it has to be able to spend. it has to be able to raise new revenue, it has to be able to cut back on the spending problem. all of those things have to happen at once. and everybodys got their hand in this to get us to this point. so i really dont...