Page 73 - Spending Problem News Today

Fact that the presidents proposal doesnt really take seriously, the spending side of the equation. in fact, the presidents proposal, actually contemplates a send spinning ib crease, not cuts. we have to remember that ultimately woo what we have is not a revenue problem, as much as it is a spending problem. thats where we have to be focused and the president is decidedly not focused. >> we wish you all the best in finding a solution. thank if you are your time. >> thank you, shannon. >> still to ...

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...

New first cal year, you have achieved $30 billion more in revenue, but 16% increase in spending. it is a spending problem. and the president wants to increase taxes to continue the spending. he proposed a plan that put a new spend list in that added more than just the top two rates worth in the first year. thats the problem with washington. >> and i want to get to the spending and the entitlement question in just a moment, but i want to stay on tax rates for one minute. congressman, there are me...

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...

>> congressman, what do you say about that? >> let me tell you what the republican goal is, is to solve the problem, economic problem. and look, the numbers dont lie. we are two months into this fiscal year. we already have a $292 billion deficit. but in those two months, revenues have increased by 10%. $30 billion. you only get $31 billion in the first year when you raise those two rates. but you know what the problem is? we increased spending by 16%, $87 billion. this is more about a spending ...

Says the only obstacle is republicans refusing to ask the top 2% to pay more. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. but in many homes across america, its very -- very very lean time. >> after talking to reporters leader pelosi went to the white house to meet with the president over whats described as a number of issues. >> shepard: mike, the republicans have insisted from the very beginning that this goes well beyond the tax issue. >> ...

A republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. thats a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising taxes on upper income americans will not fix the huge problems this country is facing. >> even if the president got the tax rate hike he...

Run up $7 trillion in deficits. hes averaged a deficit of 9% of gdp. george bush was 2% to 3% of gdp. so, you know, i think the discussion is is it really a tax problem or a tax and a spending problem? if we agree it is spending, lets start to talk about some of the spending. >> where will the compromise come, though? is there room to compromise on the tax percentage, or if you do the sliding scale and move it from the 250,000 benchmark to 500,000 income earnings benchmark. >> i think the discus...

Moderate job growth. i think as time passes clearly the president is holding the cards. his leverage becomes greater and greater. its interesting speaker boehner canceled one day of business. hes already canceled one day of business next week. i think what hes trying to do is get his members out of town, out of washington so they cant coalesce under a strategy to undermine what hes doing. i think hes seriously looking through this. lets listen to what he said during a press conference yesterda...

Kansas congressman tim huelskamp is with us and from michigan we have congressman justin amash is here. all right. congressman huelskamp, let me start with you. because you were quoted saying, in fact, you believe this was directly related to votes you had given. you brought this up in conference yesterday. what were you told in conference? >> well, we were ignored. i asked for a list of the votes by which they used to make this decision and indeed it a list, a litmus test. and it wasnt provided...