Page 3 - Spending Problems News Today

Our spending problem and the lack of economic growth in our country. >> there we have it. house speaker john boehner just moments ago talking about fixing the nations spending problems. there are new reports that john boehner has privately told republicans he wont let the nation go into default even if it means relying on democratic votes to strike a deal. only congress has the power to raise the debt ceiling and they have just a matter of days to make that happen. so if the u.s. does go into de...

That doesnt mean there isnt going to be some criticism back and forth but the president needs to join with us, build a process, be bipartisan in this effort and get it done and weve got to stay after it. weve got the debt ceiling coming up again. it comes up in may. obviously they have some time to work with there. but weve got to address this issue for the american people. >> are you willing to raise the debt ceiling if you knew the process is going to move forward even if it doesnt have a cut ...

Everyones attention. and going toe to toe with president obama, nice to see you. >> thanks, greta. >> you served with the president in the illinois government. >> we were in the illinois senate for years. >> and today its reported you gave him a hard time that congress fears hes leading our nation to the same financial bankruptcy as illinois has. >> yes, look, when house republicans and i think most of the country, greta, hear the presidents articulated view of the economy, they hear the same rh...

Around the government continuing to be funded. but theres the issue of those deep spending cuts that kicked in late last week. and the president, according to a top adviser over the weekend, spent the time working the phones, talking to both republicans and democrats, talking to democrats specifically about making progress on entitlement reform. but also trying to sway republicans. take a listen. >> republicans who realize that, if we have that type of entitlement reform, theyd be willing to hav...

Couple of tax expenditures and to say, well, we ought to use that to get rid of the sequester, well, every american knows washington has a spending problem. every american in these tough economic times has to find a way to balance their budget. they have got to make choices. they expect washington to live within its means and make choices as well. we know we have a structural deficit. the president has run up $5 trillion worth of debt in the last five years. we have another $1 trillion budget de...

But to arbitrarily pull out a couple of tax expenditures and to say, well, we ought to use that to get rid of the sequester, well, every american knows washington has a spending problem. every american in these tough economic times has to find a way to balance their budget. they have got to make choices. they expect washington to live within its means and make choices as well. we know we have a structural deficit. the president has run up $5 trillion worth of debt in the last five years. we have...

The news now in washington, steve? >> harris, yeah, republicans are both blaming the president and down playing the cuts as you heard it. house speaker john boehner said that spending is out of control, and that the president has kicked the can so far down the road and were running out of road to kick the can on. he said its unfortunate, no agreement was reached to head off the sequester cuts, but insisted there was no lack of efforts on his part. >> theres no one in this town whos tried harder ...

Spending is out of control. there are smarter ways to cut spending than this silly sequester that the president demanded. so we need to address the long-term spending problems. >> the notion of putting everything on the table, revenue, spending cuts, entitlement reform. if we did that wed avoid these manufacture ed crises like the e were in right now. the house republican approach to this is were either going to do it exclusively with republicans or we just wont do it at all. >> nbcs peter alexa...

Science, some of them are taking personal responsibility and getting along with others. >> raul, it sounds so reasonable despite our fundamental spending problems, my bet is we are going to have a hard time forming a bipartisan movement toward this. >> i agree. complicated these matters is changing composition of who is in the public schools. i think roughly, one in four people, kids in the public schools k-12 is latino. that number is going to grow from this point on. right now, latino children...

We would like to redistrict them, but they need to take place. >> so on the other side of things we have nancy pelosi saying there arent spending problems. where is the middle ground? >> the middle ground is you have to deal with this the way that you and i would deal with it at home. you cant do something for two months or five months or six months. you have to look out over ten years. thats why simpson bowles, you pick one. the alternative minimum fix, if you accommodate them in a thoughtful p...