Page 74 - Spending Problem News Today

Of the tea party, at least in the senate, and they were stunned yesterday when he decided to resign. hes now going to be president of the heritage foundation, which is a conservative think tank in washington. one thing is for sure action hell make more money in the new job. not sure that has anything to do with why he decided to make the change. i think it caught some people by surprise because he was sort of this leading voice amongst the more conservative part of the republican party. >> steve...

>> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand ...

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...

Than it had in cuts and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proceed proceeds albased on testimony of president clintons former chief of staff. since then theres been no counter offer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax r...

Of republicans acknowledging the need for additional revenue. just to be clear, im not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> steve: yeah. i think we heard that a couple of times. so can congress make a deal and should the president focus on cutting spending, cause really washington has a spending problem. talk to senator john thune, the chairman of the senator conference and member of the budget committee. good to have you. >> than...

It fixes all of our problems. >> bill: marco rubio said its a myth but i think thats been pointed out five gazillion times. i think folks are so numb to this they dont even pay attention to it. >> bill: i dont mind paying higher taxes i really dont but i dont want to waste it right now im not getting any bang for my buck at all, none. zero. >> we have such a big spending problem. if you look at -- take a look at 2007, you know, george w. bush is president. we have got the wars going on. we have ...

Now. the white house has sent out tim geithner, the treasury secretary, instead of the president actually, to lead the negotiations and when he was asked yesterday in an interview, tim geithner, that is, whether or not the white house was in fact ready to go off the fiscal cliff unless republicans give in and raise taxes up to 39.6% on the wealthiest americans, did he hesitate in his response at all? no? >> if republicans do not agree to that, is the administration prepared to go off the fiscal ...

Way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say hell inherit these problems. >> the president is going away for christmas. hes going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? were not going to have a place called home. where is t...

It fixes all of our problems. >> bill: marco rubio said its a myth but i think thats been pointed out five gazillion times. i think folks are so numb to this they dont even pay attention to it. >> bill: i dont mind paying higher taxes i really dont but i dont want to waste it right now im not getting any bang for my buck at all, none. zero. >> we have such a big spending problem. if you look at -- take a look at 2007, you know, george w. bush is president. we have got the wars going on. we have ...

President of thinking he is the king? >> obama overplayed his hand. he thinks somebody made him king. >> right now all eyes are on the white house. the country doesnt need a victory lap. it needs leadership. >> the speakers proposal right now is still out of balance. its not me being stubborn or patterson. its just a matter of math. >> there have been no deals of this magnitude made in modern times in congress and forced on a reluctant president. >> the president continues to change the goal pos...