Page 76 - Spending Problem News Today

Ledger. bill: that is an issue. that usually doesnt happen when youre talking from new york and washington, d.c. now why it just happened im not quite sure but somebody has to punch the button where we were before. are they going to do it? i dont think so. martha: this is what we call stretching. to try to figure out whether we can get the signal back. but i think --. bill: our regrets to the congressman. we did not want to cut him off. that was not our intention. well hang with it a couple seco...

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 spending problem. why do it now? must...

Price tag associated with it. >> last question. >> are you standing by your -- [inaudible] >> i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you. jenna: speaker boehner in his own words disappointed by the meetings this morning and the prospects apparently of any sort of deal about what to do about this fiscal cliff weve been talking so much about and balance between revenue growth and spending cuts. speaker...

Approach, he means tax revenue and cutting spending, however the only part of the conversation were having is about tax revenue. no conversation whatsoever about the spending part of this equation. thats because he has no intention of cutting spending. >> sean: senator chambliss is clear, its increasing revenue, getting more money from the american taxpayer. isnt that a tax? >> yes. what they fail to see or dont want to see or acknowledge this country doesnt have a revenue problem. theres plenty...

Us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but its time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with whats being proposed. in fact just the exact opposite. obama does not care about econ...

You know, a balanced budget amendment, limiting the sizes of government, and cut some spending. that was a valid -- that was a good plan. also increased the debt ceiling. we should do the same thing this time. democrats wont go along with it. i recognize that. i recommend we dont block them. we say, okay, you guys can increase the debt ceiling, but no more than a trillion dollars, no more revenue increase. what is your plan for reducing the deficit if youre going to increase the debt ceiling? >>...

Approach, he means tax revenue and cutting spending, however the only part of the conversation were having is about tax revenue. no conversation whatsoever about the spending part of this equation. thats because he has no intention of cutting spending. >> sean: senator chambliss is clear, its increasing revenue, getting more money from the american taxpayer. isnt that a tax? >> yes. what they fail to see or dont want to see or acknowledge this country doesnt have a revenue problem. theres plenty...

And tax reform next year. but, this is way out of balance and not a recognition on the part of the white house about the serious spending problem that we have. >> [inaudible]. >> im going to do everything i can to avoid putting the american economy, the american people, through the fiasco of going over the fiscal cliff. >> which is worse though for the -- [inaudible] >> as i told the president a couple weeks ago, theres a lot of things i have wanted in my life but almost all of them had a price ...

To try to come to an agreement republicans are willing to put revenue on the table, but its time for the president and democrats to get serious about the spending problem that our country has. but im optimistic that we can continue to work together to avert this dry sis, and sooner rather than later. >> good morning. you know i was heartened to say that last week the presidents chief political adviser mr. plouff indicated that medicare and medicaid are the main drivers of our deficits, and i kno...

Mitch mcconnells party, speaker john boehner, saying he thinks a deal is possible. take a listen. >> its time for the president and democrats to get serious about the spending problem that our country has. but im optimistic. >> hes optimistic. we also have boehner saying he is disagreeing with tom cole, one of the few republicans who have come out to usual his party to strike a deal. right now, get this done. keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for th...