Page 99 - Spending Problem News Today

Reduction ever be accomplished. tom writes by getting rid of the bush tax cuts they could also close the loopholes that allow corporations to pay no taxes. we have much more of a revenue problem than a spending problem. the uber rich are not paying their fair share. its past time that they share the pain. dawn writes, it wont. the amount of cuts required to balance the budget are simply too overwhelming to comprehend. even more depressing no politician will dare to risk political suicide by prop...

Its a breath of fresh air. president obamas plan for reducing the deficit will introduce a topic sure to make last weeks wrangling seem like a lovefest. hes expected to call for tax increases for the wealthiest americans, and theyre not going to like that. thats a prop for republicans. in fact, they think it should be more lopsided. theyre proposing more tax cuts. just lynn to speaker boehner. >> washington has a spending

Into the debt ceiling. >> as we look at 2012 as well as what was agreed upon that push it is burden to the states. as the states take on more of the burden will that make it more difficult? youre facing a lot of challenges in your state. >> tons. but the biggest is the fact that this government will pay $450 billion just in interest payments this year. the whole budget for michigan is $50 billion. weve got to stop doing that. we dont have a revenue problem here. we have a spending problem in was...

I think thats what were seeing with paul ryans road map to national decline. >> leaving paul ryan aside, bull simpson, do you think theres any fundamental merit to what it said? the burdens between not just the poor but defense and the wealthy? >> the tax code already does that. and bull simpson pointed out the spending problem is the spending problem, its not a lack of revenue. >> thanks so much for being here. when we return, a special appearan appearance "in the arena." fareed zakaria joins u...

>> i think these cults are totally unreasonably. >> is it the president, john boehner, harry reid, is it the tea party? there is a lot of finger pointing going on. so who is to blame? >> i heard speaker bane noehner it was not a revenue problem but a spending problem. we have lost 8 million jobs. that is a revenue problem. we have surpluses as far as the eyes could see in 2000, tax cuts, two wars, katrina. the financial bailout put us in this deficit position. we cant cure this deficit position ...

I want them back here tomorrow. when we are this close simply because of politics. and we are prepared to put whatever resources are required in terms of time and energy to get this done but thats what the american people expect. they dont like these games. and we dont have time for them. there are some things that we cant control. we cant control earthquakes and tsunamis and uprising on the other part of the world. what we can control is our capacity to have a reasoned, fair conversation betwee...

You have heard me say that for the last three months that we have no interest in the government shutting down. but we are interested in cutting spending here in washington, d.c. we dont have a revenue problem, because spending problem, and we believe that cutting spending will in fact help us to create jobs in america. >> and do you have to have something in there to add to the $12 billion -- >> we will continue to assess where we are in the next few hours and the next few days. [ inaudible ]. >...

Cuts, themselves. one more question. >> did president obama bring any sort of proposal to the table today to discuss? >> i think ththeyd like to ins $33 is the top number and want to use smoke and mirrors to get there, and that is not acceptable to our members and we did noting a greet to it and we will not agree to it. we want to continue to fight for the policy riders passed in hr-1. that is house speaker john boehner speaking from washington and he wants real cuts and says that washington h...

Fix this countrys problem. look, we have a huge debt problem. weve got a big spending problem. we need the economy to grow, so were trying to tackle those problems here. under control. i worry that this is nothing but politics up here these days. but we got to get through that. we cant have a bunch of politicians up here yelling at each other pointing fingers. we need leaders to come up and tackle this countrys challenges. if we keep kicking this can down our road, our children are going to inhe...

Shutting down. but we are interested in cutting spending here in washington, d.c. we dont have a revenue problem. we have a spending problem and we believe that cutting spending will, in fact, help us create jobs in america. [ inaudible question ] >> we will continue to assess where we are in the next few hours and the next few days. >> it sounds like obama thinks youre going to be coming back tomorrow and the next day and the next day until you get this thing hammered out. >> the conversation w...