Page 97 - Spending Problem News Today

No one is asking for the wealthiest people who have made -- >> greta: i have to go. i took headstart because that was in your statement. i realize it is miniscule. congressman, thank you. >> shared sacrifice. >> greta: our next guest says we have another problem. senator orrin hatch went on the record. nice to see you. yesterday the president said he wants to to raise taxes on people who make more than $250,000 a year, is that going to happen? >> his whole approach yesterday was lets raise taxes...

But i think were going to be able to come to a deal on this. this whole cr has set the stage for the fact that the republicans and democrats can work together. the president himself in his speech acknowledged the fact that we have got a spending problem. now the president and the republicans differ on how were going to deal with it. but now that were at least on the same page as to what the problem is, we can work together for solutions. >> congressman blake farenthold, one of congressmen alread...

For that increase? >> were not there yet. we dont know what the terms and conditions are. as republicans, i think -- >> so it is conceivable to you that if you are the decisive vote, and this could come down to one vote, if you are that vote, you would be prepared if your conditions are not met to vote against a debt ceiling increase and have this government default on its debt for the first time in history? >> i dont think its going to come to that. i think were going to find a way. right now, ...

The budget. so that means that what looks now like a compromise solution is somewhere between bowles/simpson and the ryan plan. i dont actually think thats the right space for compromise. >> he allowed the negotiating terrain shift to the right when he could have been in another place. >> exactly. thats what i think. the white house will give you a different argument back. >> right. >> but i -- and one thing i do have to say in response to reid in this rare moment for me these days of being nice...

No one is asking for the wealthiest people who have made -- >> greta: i have to go. i took headstart because that was in your statement. i realize it is miniscule. congressman, thank you. >> shared sacrifice. >> greta: our next guest says we have another problem. senator orrin hatch went on the record. nice to see you. yesterday the president said he wants to to raise taxes on people who make more than $250,000 a year, is that going to happen? >> his whole approach yesterday was lets raise taxes...

That if you are the decisive vote, and this could come down to one vote, if you are that vote, you would be prepared if your conditions are not met to vote against a debt ceiling increase and have this government default on its debt for the first time in history? >> i dont think its going to come to that. i think were going to find a way. right now, the government pays all the bills at the same time. i think we can work around that so where we can set our priorities as to what we pay. but i thin...

It thinks like a trader. tdd# 1-800-345-2550 well, its a favorite saying for washington politicos, stay on message. the budget battles this week had democrats and republicans sticking to their talking points like nobodys businessment ta. take a look. >> washington does not have a revenue problem. washington has a spending problem. >> because we dont have a revenue problem. we have a spending problem. >> washington does not have a revenue problem. its got a spending problem. >> today im proposi...

Entrepreneurial spirit that is -- >> jenna: the stream of cash, is it -- >> it has to do with freeing up access to capital, making it easier for small business to get access to loans. it has to do with creating a better regulatory environment, a better tax environment, and frankly, just an optimism that the government is going to get out of the way and solve its problems and leave the private sector the ability to grow. jenna: so let me ask you, youve been very strong about taxes and not seeing ...

So in the end, youre going to have to do something with revenues. why shouldnt the very rich people providing those revenues for the government? >> chris, you -- >> you cant cut it enough to battle budget, can you? >> yes, you can. >> where are you -- tell me your going to cut $1.6 trillion in government spending. >> what the president doesnt seem to understand, washington does not have a revenue problem, it has a spending problem. >> i know this song. thats song. thats a lyric. that is a lyric ...

Commission. >> bowles simpson. >> and took one of my recommendations, this debt to gdp target. the ryans plan and presidents plan represent an opening bid. there have to be negotiations. the real key is what are we going to do on the debt ceiling limit. i have some thoughts what we ought to do there. >> lets get to that. that opening bid, if the two sides meet in this middle, does it get us anywhere? >> it does. the fact of the matter is, congressman ryan, wants to solve the problem with spendin...