Page 96 - Spending Problem News Today

Circumstances can you tax our best friends, corporate america and the richest 0.1%. theyre making so much money, they bring some of that to the republican party. oh, did i say that out loud? thats what the real plan is. joining me is the editor and publisher of "the nation." katrina, how are we going to turn this around? for 30 years they have been pounding this message, you know. its not we dont have a revenue problem, we have a spending problem, taxes are too high. historically theyre at near ...

Republicans have been telling you for 30 years that americans pay too much taxes. whats their favorite quote? say it with me. we dont have a revenue problem, we have a spending problem. ive heard it a million times. but im going to show you why that makes no sense right now. look, first lets start with joe walsh, a representative, and he hit the same exact notes this week on abcs "this week." >> in the 80s, government revenues went up. we didnt cut spending. revenues went up in the s 80s. every ...

>> republicans said we dont have a revenue problem in washington, we have a spending problem and they dont think the presidents plan addresses it. how do you respond? >> i think we a spending problem and revenue problem. we have been spending too much for too long and there is no doubt that we have to curtail spending. the question who how would we do it? the ryan plan would make things tough for senior citizens and i dont think that is the way to two. we need to find programs to cut but we can ...

Federal government has spent far too much money in the last four years and the president wants to raise the debt ceil, in order for the president to achieve that goal and congress to go along i think well see significant cuts. if you look, weve added nearly $5 trillion to the national debt since speaker pelosi took over several years ago. the united states has a spending problem, doesnt have a taxing problem, and we need to reduce the spending in the federal government. >> sorry, i have to take ...

Treasury secretary tim geithner said, if the ceiling doesnt get raised it wouldnt be good. >> i think itd make the last crisis look like a tame, and modest crisis and the cost of borrowing would go up for everybody and permanent devastating damage on our economy. but paul ryan is not scared and doesnt think its a good idea to ignore the spending problem and keep borrowing more and more so hes not going to vote for an increase unless congress agrees to a disagrees in spending. >> we wont simply r...

>> the republican plan destroys medicare. >> they were willing to break the social contract in our country. >> this was wrong, wrong, wrong. and im glad to be on the right side of history. >> speaker boehner reminded the members as they were about to run off for two weeks recess, that there is much more governing to be done. >> so president asked congress to raised the debt limit without addressing washingtons spending problem. the president wants a clean bill. and the american people will not t...

Up to 64. >> some are saying that the current rate where we have a ceiling of 106,000 is manage where there is a problem of course . if we raise that to 190,000 to make that the ceiling, you will not have to raise taxings but will be able to bring in more revenue and that would solve the problem once and for all long term. >> i am one of many americans who believe that we are taxed enough already and the solution of our problems has nothing to do with tax increase. we dont havea revenue but we h...

Movement is the notion that we are overtaxed. tea stands forout our current b situation. because there are two sides to the budget ledger. taxes and spending. but thanks to the tea party and an incredibly set of wealthy people who dont want to see taxes go up ever, the conversation were having about the budget is almost exclusively a conversation about the spending side. >> washington does not have a revenue problem. washington has a spending problem. >> we dont have a revenue problem. we have a...

Coumiin and, we would save $310 billion over ten years and that is a better way to save money than, costs to. eric: $6,000 a year. alisyn: so if you follow your plan and you can save the $24 billion per year would you not have to raise anyones taxes? >> no, ill tell you this: i think to close the budget deficit, that a modest increase in taxes on people making a million dollars a year or more is quite reasonable. we cant close the deficit just by my plan but it is quite reasonable. you know, pre...

>> absolutely not. i dont want chisels, i want chain saws. i would take everyone, including the pentagon, should have to take across the board cuts to reduce the deficit that we have this year. the tea party calls on our government to spend $1 or one penny less than it takes in revenue. we have found we dont have a revenue problem, we have a spending problem. politicians in washington, d.c., cannot not spend. >> youve got a good argument there and i think a lot of people are listening to you. th...