Page 95 - Spending Problem News Today

And they say theyre not going to blink. i think its just as mitch mcconnell laid out, ali. the republicans are saying, yes, we will raise the debt ceiling and that will happen by the end of the year, but republicans are saying, we are not going to do that until we have this plan in action that brings us to a balanced budget in 10 or 12 years. this is what any household would do, this is what any business would do if it gets into a real credit crisis. it reorganizes its debt, it changes its spend...

This is what any household or business would do if it gets into a real credit crisis. it reorganizes its debt, it changes its spending patterns so it can pay its bills. this is going to be a real mexican standoff with the president in the weeks ahead. >> deficit hawks have voted against spending in the first place. steven moore himself has said it. its not a revenue problem, its a spending problem. the mantra that brought republicans into the house in november, cut spending, stop the spending. h...

I programmed maps of local repair shops, schedule an inspection online. i win the bet, so say it. alans a technical genius. mmm, what was that? [ alan ] my new ring tone. alans a technical genius. yes! mm hmm, mm hmm... techies in the hooouse. raise the roof 1999. [ female announcer ] making car repairs easy. see for yourself at esurance. technology when you want it. people when you dont. theres been a lot of discussion about the need to raise taxes. and ill just say this. we cant tax the very...

That. shan lawn mooing grandmother? >> its a good thing weve gotten rid of the hyperbole! this is the politics of envy on crack! the fact of the matter is there arent enough rich people to balance the budget. you could take 100 percent of every millionaire and billionaires income and still not solve this years decifit. federal spending has doubled in a decade, but revenues are still higherrer than they were in 2005 and even the peak year of 2000, so clearly weve got a spending problem and the de...

Agency that we have as a federal government is entirely paid for by borrowed money. that is not sustainable. we have to get us back into balance. jenna: what is the most difficult part of being someone nesomeoneknew new with a new set of eyes? >> i think the most difficult part of it is there are a lot of people in d.c. that dont think there is a problem. they really think, well weve had debt, we can manage this. handle it and its accelerating so fast now. they keep thinking its not really a pro...

Characterized with their one year where theyre not paying taxes, but the fact that if you can ford a huge tax department, you ultimately pay almost nothing. there should be a way to simplify that. i dont think you need to direct it just at companies that are soaking off the government, but certainly, again, that would be popular. >> good politics, right? go ahead, karen. >> very good politics, dylan. you might want to run for office. >> thats ron paul. i think he might. so heres my question. if ...

Are stepping in and saying that is not right to do the skwrebgs generation wto do the nextgenert it now. jenna: weve heard that its a spending problem not a revenue problem. when it comes to the debt ceiling as a freshman who has seen these new issues and all the things that you just said, how are you going to vote on that? >> well here is the issue on the debt ceiling, i did not come to congress to raise more debt in america. i came to be able to deal with the debt problem. when we have to do i...

That choir. you can tell them, you can have everything you ever wanted and the other half will pay for it. maybe thats good politics but its lousy economics. >> but you also have the option, either you can raise taxes on somebody or everybody or simply cut spending. >> yes. >> on big, important programs. >> of course. look, thats whats required. isnt it? this is not -- i dont think this is a revenue and a tax problem. this is a spending problem. >> absolutely. >> we have spent ourselves into a $...

Limit. >> i want to make it perfectly clear that congress will raise the debt ceiling. thats what treasury secretary tim geithner said. he also said if the ceiling doesnt get raised it wouldnt be good. >> it will make the last crisis looked like a modest crisis. it will be much more dramatic. the cost will go up for everybody. it will have a permanent devastating damage on our credit worthiness in the country. >> house budget committee chairman republican paul ryan is not scared he says he doesn...

Limit. >> i want to make it perfectly clear that congress will raise the debt ceiling. thats what treasury secretary tim geithner said. he also said if the ceiling doesnt get raised it wouldnt be good. >> it will make the last crisis looked like a modest crisis. it will be much more dramatic. the cost will go up for everybody. it will have a permanent devastating damage on our credit worthiness in the country. >> house budget committee chairman republican paul ryan is not scared he says he doesn...