Page 6 - Spending Problems News Today

We have to repeal this failure before it literally kills women, kills children, kills senior citizens. i just want to point out we still have women, we still have children, we still have senior citizens. >> ah, that was the great congresswoman michele bachmann, of course, and as the president noted it would be funny if it werent so deranged. case in point speaker john boehner who remarkably and unusually was actually at work today claiming to have no interest whatsoever in shutting down the gove...

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Record or the facts. he is always demonizing and creating straw men and this is what you do when youre the powerful president of the united states, and basically he thinks when he was re-elected that whatever he decides to do is the mandate the american people gave hem. but even more the threats enagainst woodward -- thats what they were. this has to be the tip of the iceberg, has to be a lot of sleazy activity in addition to this. he is threatening the american people. thats what this sequester...

While congress has been arguing over the fiscal cliff, the next big battle has already arrived. treasury secretary tim geithner says government borrowing hits the debt ceiling today. with me now, former new hampshire republican senator judd gregg. hes currently co-chairman of the campaign to fix the debt. senator, lets -- i want to start 50,000 feet, and well move down closer to ground level, but as a former member of the senate, weve now had two grand bargains, one around the debt ceiling, one ...

Prayer for all our troops, especially those in afghanistan, who are spending this holiday season overseas, risking their lives to defend the freedoms we hold so dearly. >> jamie: we appreciate what they do. and in the republican address, house speaker john boehner focusing on a yet to be decided plan to avert the so-called fiscal cliff, saying its now up to the president and democratically controlled nate senate to come up with a solution. >> what the president has offered so far simply wont do ...

$1.6 trillion tax increase, $50 billion in economic stimulus, and the power to raise the debt limit without congressional approval. meanwhile, he will work the fine savings in entitlements. not to the man sitting on the naughty list. senator mcconnell said that he burst into laughter at the proposal. you know what is really funny, senator mcconnell, the president has the leverage. speaker boehner know it is. >> you think the white house is trying to squeeze you and, if so, will that work? >> wel...

In stocks. we are going to get a big disappointme disappointment. >> jim, lets talk about it. when we go over the fiscal cliff, what happens? the bush tax cuts expire january 1, so they automatically go up to clinton era levels. the 2011 payroll tax holiday expires. the alternative tax kicks in. and then you have $1 trillion of cuts, half of which is in defense. how is the president doing in his pitch so far, both in his first offer and how hes going to the public to sell this? >> i think hes do...

We cant tax people who make more than 2.50. he is so out of touch with the american people. the polls are clear. its like 60 percent of the american people say yes, tax increases or eliminating the bush tax cut should be a part of any fi fiscal solution to our spending problems in the country. people say thats just reasonable. >> juan you know the numbers, though. look this idea that the president laid out some of the rich arent paying the taxes they are not paying their fair shares they are pay...