Page 72 - Spending Problem News Today

Weekly briefing. >> the president has not make a deal that meets those two standards but republicans have. his proposals have been anything but. he wants far more in tax hikes than spending cuts. and instead of trying to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without tax cuts or reforms. its clear the president is just not serious about cutting spending. but spending is the problem. how big a problem? well, look at this ch...

Coal. we believe we ought to extend the tax rates for everyone, and you should not raise taxes in the middle of a weak economy particularly on the small businesses who are creating the jobs for people in this country. >>neil: but it looks like that is how it is going, senator, and, at least some deal put together by speaker boehner will include revenues, $800 million worth. is that your way of saying that matter how you get the revenues you are not signing on? >>guest: i dont believe the problem...

But weve got to you grow the economy. if you raise taxes on small businesses, you raise taxes on farmers and ranchers in my district, thats going to cripple small businesses. im not worried about ge. theyve got a seat at the table at the white house. im worried about the small guy thats going to get hammered that dont have a lesion of tax attorneys. so i believe we need a fundamental tax reform. i thif the president agrees with that, as well. >> if youre worried about the debt, and i think we ha...

Us out of there alive, and we thank you danny for doing that. what a story. thanks for being with us. i hope the rest of your whole holiday season is a lot calmer and peaceful and thank you so much. take it easy, good to have you with us. >> thank you. martha: bye-bye. bill: clearly shaken. so republican house leaders just wrapped up a news conference a few moments ago and house speaker john boehner saying the white house plan raises taxes, does not tackle spending, does not get at that enormous...

Or to avert the fiscal cliff x most of it was based on testimony given last year by president clintons former chief of staff, erskine bowles. and as mr. bowles himself said on sunday, we have to cut spending. well, hes right. washington has a spending problem. lets be honest, were broke. call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting, it was cordial, but were still waiting for the white house to identify what spending cuts the pre...

The tax base. people will leave. ill try something different. ill try to lower taxes, lower spending. i cant lower taxes too much at the beginning, but just a little bit, lower spending. i lowered taxes -- actually i think sean i lowered taxes than all the mayors combined by about $3 billion. three years into it we had a $3 billion surplus. nominee dropped from 10.5 to 6%. we had a city that was humming. that had a lot to do with it. erskine bowles is right. this is a spending problem. its not a...

Send the economy over the fiscal cliff, and around the capitol theres largely the sound of silence as the white house and congress try to work out a deal behind closed doors. the president has no public events on his schedule. and all through the house, not a creature was stirring except, that is, for john boehner, who emerged to gavel the house into session this afternoon after a weeks recess with his trademark holiday cheer. >> washington has a spending problem. now, the president doesnt agree...

>> youre a no vote no matter what. >> if theyre going to raise taxes. heres the question people need to ask. do you feel like the federal government spent your money wisely? no one answers that, yes. why would you give the federal government more of your money? we all know there is a spending problem. nothing is on the table about significant cuts to balance this budget. i have a plan that would balance the budget in five years. i

Democratic president were able to get a hike in the debt ceiling without this pressure from the congress in terms of spending and taxes and they dont like it, they dont want it and it is the one the point of leverage to reaffirm that republicans have over-the-president right now. >> they have one in manchester because we have run -- march because we run out of money. >> thats more of a negotiation, but this is a specific point of leverage. i dont see republicans giving in. i see the president sa...

And what spending cuts are on the table. we havent heard anything specific about what is in addition to whats been out there from the very beginning. jon: right because the republicans claim the country doesnt have an income or a revenue problem it has a spending problem, and thats where republicans say the bulk of the savings, or the rescue plan for this -- this budget is going to come. >> reporter: sure, i mean you have some proposals that are out there, for example, means testing, medicare, s...