Page 83 - Spending Problem News Today

Washington a pass and grappling with the spending problem. ok! who gets occasional constipation, diarrhea, gas or bloating? get ahead of it! one phillips colon health probiotic cap a day helps defend against digestive issues with three strains of good bacteria. hit me! [ female announcer ] live the regular life. phillips. ♪ wer surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. couldve had a v8.

jurys hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didnt sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. lets start with facebook. what hap...

>> well, obviously, i agree. im in britain at the moment. im finding it all quite extraordinary that the speaker came out today saying he welcomed showdowns basically. america doesnt need the theatrics. they need people to get the job done. it is quite incredible, dylan. >> yeah. the interesting thing also when you look at the at its explosio much of it was caused by the collapse in revenue after the financial crisis. the spike in unemployment. the collapse in housing prices. so while spending h...

So they lost ground. the third worst in the nation. texas was tenth best, because there is no state tax. the agreement is they need to cut spending but they cant do it either. they cant seem to figure out they need to cut -- therein lies the problem. not a tax problem. spending problem. >> bob: it is, too, a tax problem and a spending problem as well. california has expansive welfare system and very expansive border interdirection program and expense i police force. its got -- >> bob: why is it ...

The national debt and the grid lock on capitol hill over tax and spending are all front and center today as cnbcs fiscal summit in washington. treasury secretary tim geithner defended financial reform and former president bill clinton urged both parties to put aside ideology and get something done on deficit reduction. then just moments ago, speaker john boehner made it clear there must be cuts. a lot of them. but not one penny in new revenue. >> lets start solving the problem and lets start sol...

Democrats in congress, against president obama and against the american economy. boehner said he would use the next debt ceiling vote to insist on massive budget cuts to bring down the deficit. >> when the time comes, i will again insist. my simple principle of cuts and reforms later than a debt limit increase. this is the only avenue i see right now to force the elected leadership of this country to solve our structural fiscal and balance. we can make the bold reforms and cuts necessary to meet...

Be to ten to grow and expand the size of the government. what we have fundamentally first is a spending problem. we are spending more as a percentage of our entire economy today almost 25% than we spent at any time since the end of world war ii. this is a spending problem and we have to acknowledge that. medicare, medicaid, social security, food stamps, the mandatory part of the budget has to be addressed. if we are going to save programs like social security and medicare we have to reform them ...

Versus people needing jobs. so they lost ground. the third worst in the nation. texas was tenth best, because there is no state tax. the agreement is they need to cut spending but they cant do it either. they cant seem to figure out they need to cut -- therein lies the problem. not a tax problem. spending problem. >> bob: it is, too, a tax problem and a spending problem as well. california has expansive welfare system and very expansive border interdirection program and expense i police force. i...

Think that we have to recognize that what we have fundamentally, first, is a spending problem, we are spending more as a percentage of our entire committee today, almost 25 percent, than we spent at any time since the end of world war ii and this is a spending problem, we have to built that, and we have to recognize it was driving spending, medicare, kid, social security, food stamp overstamps and if we are going to save social security and medicare we have to reform them and get them in a direc...

Congress their desire seems to be to ten to grow and expand the size of the government. what we have fundamentally first is a spending problem. we are spending more as a percentage of our entire economy today almost 25% than we spent at any time since the end of world war ii. this is a spending problem and we have to acknowledge that. medicare, medicaid, social security, food stamps, the mandatory part of the budget has to be addressed. if we are going to save programs like social security and m...