Page 75 - Spending Problem News Today

What do you see that maybe is a sign that there is a possibility here? >> well, i think -- i dont think its a great sign. i mean, i think the only thing thats changed since the election is that you have both republicans in the white house who decided to make this a completely outside game. take it directly to the people. and i think a lot of this discussion, senator, about entitlements and overall spending is being overwhelmed by what were still in the middle of, which is an ideological battle o...

Comes out, its hard to do it just with deductions. you end up limiting deductions so much that you cut into charities. you cut into state and local governments. you cut into a whole bunch of home mortgage. >> what about the buffett proposal? >> the buffett proposal is a great idea. the buffett proposal is a kind of no-brainer. >> how much does it raise? >> $160 billion over ten years. its a piece of the puzzle. i dont think they believe honestly that the math works to get to $1.2 trillion. >> le...

Over and do what i ask. we need to find common ground and we need to find it quickly. >> and again, because you kind of didnt answer it the first time, what are the chances we are going to go over the cliff? >> theres clearly a chance. but im going to tell you, i might be an easy guy to get along with, affable, obviously ive worked in a bipartisan way on a number of agreements, but im going to tell you one thing, chris, im determined to solve our debt problem. we have a serious spending problem ...

Versus long term? what do you say and what do you think your members would say? >> the best thing is to do something our spending problem and barring anything else, doing the automatic cuts that congress promised last year when they raised the debt ceiling would be better than doing nothing. its separate from the ougautomc tax increase that happens on january 1. our preferred strategy here would be to accept the sequester now knowing that congress is not going to do something more rational. they...

We need to find common ground and we need to find it quickly. >> and again, because you kind of didnt answer it the first time, what are the chances we are going to go over the cliff? >> theres clearly a chance. but im going to tell you, i might be an easy guy to get along with, affable, obviously ive worked in a bipartisan way on a numbe but im going to tell you one thing, chris, im determined to solve our debt problem. we have a serious spending problem and it is going to be dealt with. >> and...

We need to find common ground and we need to find it quickly. >> and again, because you kind of didnt answer it the first time, what are the chances we are going to go over the cliff? >> theres clearly a chance. but im going to tell you, i might be an easy guy to get along with, affable, obviously ive worked in a bipartisan way on a number of agreements, but im going to tell you one thing, chris, im determined to solve our debt problem. we have a serious spending problem and it is going to be de...

Would spiral out of control. so its just something we should not be toying with. thats why its so discouraging to see the president and secretary geithner increase their demand and not come closer together given the fact our side has put revenue on the table, something we dont want to do. we know we dont have just a taxing problem, we have a spending problem and we see no commensurate action from the president or his party dealing with the big problem that confront the country, particularly the ...

Loud when it was given, saying it was one-sided. charles krauthammer said it was a comedy. >> bush 41, read my lips, no new tax. congressman speaker of the house sam wright got unelected. a year ago, the budget passed by the house, obama insulted ryan, calling him undemocratic. he gets elected by 51% of the vote. mark my words, sean hannity, if the republicans cave this time, theyll get the same results that reagan and bush 41 got, which spends tax and no spending cuts. >> sean: we have a spendi...

And so right now were almost nowhere. >> [inaudible] >> a lot of ideas have been put on the table. weve had conversations, and im sure well continue to have conversations. >> [inaudible] [laughter] >> listen, most of you know me pretty well. what you see is what you get. and while i may be affable and someone that can work with members of both parties, which ive demonstrated over the 22 years that ive been here, ive also rather determined -- im also rather determined to solve our spending proble...

Strategy behind the presidents latest plan. >> most of you know me pretty well. what you see is what you get. while i may be affable and someone that can work with members of both parties which i demonstrated over the 22 years i have been here, i have also am rather determined to solve our spending problem and to solve this looming debt crisis that is about to consume us.