Page 94 - Spending Problem News Today

problems. >> these should be actual cuts. real reforms to these programs, not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes which, in my opinion, will destroy americas jobs, everything is on the table. >> what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i remember when i was little, my dad took me to a ca...

not broad deficit or deficit targets that punt the questions to the future. and with the exception of tax hikes, which in my opinion will destroy american jobs, everything is on the table. >> will, what serious conversation about debt reduction begins by absolutely taking the possibility or discussion of tax hikes off the table? >> not very many serious discussions. i dont know. i remember when i was little, my dad took me to a car dealership and said, this is how you buy a car. i reme...

Of energy, thats where we have to be devoting our attention. and other people say, crazy dylan ratigan, forget that. where we needç to be spending r attention is we need to leave it where it is -- >> but, dylan, i would ask you the question, youre the expert on this. it kind of goes to something that jimmy was raising. if were going to have that honest conversation, dont we also have to say, we cant just say we have a spending problem, not a revenue problem. weve got to look at the revenue pro...

Deliver a message to the senate republicans tomorrow when he meets with us about his plan to rein in out-of-control federal spending. >> neil: by going after millionaires -- its one thing to say dont raise taxes on the $250,000 crowd. theyre trying to put democrats in the position of defending millionaires. are you comfortable with that? >> im sure they are. i mean thats part of the whole plan here is to try to create a political winner that allows them to raise taxes. but again, if revenue were...

>> neil: all right. right now the president is meeting with senate democrats that hammer out a plan on the budget. now a report that the senate budget chairman democrat kent conrad is proposing a 3% surtax on millionaires. could be dead on arrival when the president meets with republicans tomorrow? senator john thune is planning to be at that very meeting tomorrow. he joins me now. senator, the tax on millionaires, what do you think? >> its an instinctive reaction of democrats, when you have a d...

Illinois, with me from the capitol. good afternoon. >> how are you, marten? >> great to have you with us on the show. john boehner the other night in a roomful of billionaires refused to raise tax but was i imagine many of your constituents will not be so happy when their children are in larger classes with fewer teaches and when local services begin to suffer more and more cutback. how does what he said in new york relate to your constituents in illinois? >> you know what, martin? my constitu...

>> and i think washingtons arrogance has triggered a rebellion in our country. and, yes, i dont think rebellion is too strong of a word. the revolt that we have seen around our country by ordinary citizens over the past few years is nothing that we have ever seen in our lifetime. >> so you see that he is using a lot of tea party rhetoric and he was also pretty chum which with david koch, the conservative billionaire to financed the tea party movement to serve their own interest. there you are, h...

To bring forward tonight that just broke before we went on the air. i want to ask you about "the washington post" story saying that senior republicans are conceding tonight that a deal is unlikely on a contentious plan to overhaul medicare and offered to open budget talks tomorrow with the white house by focusing on areas where both parties can get agreement such as cutting farm subsidies. so this means, as i view this, as a liberal, this is a win for the democrats that medicare is going to be o...

You have the fed monetizing debt. he will some day understand that which he wont so well to change the system. >> you go back to the austrian theory. you break it down very easily. you said as soon as we go to this lord kinsean way of thinking, thats when everything gets off the rails and goes back to what bernanke is doing. >> yeah, hes an economic planner. the worst thing you can do is fix prices. when you fix prices, you destroy the market. the great austrian economist said socialism would ne...

Taxing the rich to pay for all the goodies? >>guest: well, young people understand that we have a major spending problem and it goes far beyond a revenue problem, we need structural reforms, entitlement reforms, we need spending to be under control in the long term and no amount of increased taxes is going to handle the problem in its entirety. it is a huge problem and young people realize we need real structural reform and so far the republican party is the only party offering that. so we hope ...