Page 51 - Spending Program News Today

Schatz wrote in support of my amendment, at a time when the nations debt has ballooned to more than $14.2 trillion, members of congress should be looking for every viable way to cut wasteful, unnecessary, and duplicative spending. by opposing my amendment, you are defending wasteful spending and a de facto tax increase on every american. ethanol subsidies are a spending program, wrongly placed in the tax code that increases the burden of government, keeps tax rates artificially high, and forces ...

Three? >> no. >> absolutely. we dont have a tax problem. we have a spending program. >> thank you, todd harris and steve mcmahon. >> you heard it all here. they dont want to do tough stuff except on medicare. and that hurts you. up next every republican has signed a proposed constitutional amendment to balance the budget. were going to look at the b.s. factor here is it really going to pass, will it do more than give them a free ride? ezra klein from "the washington post" is coming in to talk ...

Talk of entitlement reform will affect you. we are talking about people under the age -- >> youre really swinging for the fences now, arent you? >> if you vote you wont be affected. >> are you going to do all three? >> no. >> absolutely. we dont have a tax problem. we have a spending program. >> you heard it all here. they dont want to do tough stuff except on medicare. and that hurts you. up next, were going to look at the b.s. factor here is it really going to pass, will it do more than give...

The republican want to give pentagon more than they ask for. a lot of people who watch this show are in good shape. mentally as sharp as anybody here. maybe better. watching the show thinking i dont mind taking a little bit. maybe ill put up with these if i can. if im not really in bad shape and need this procedure, but i want to know its all being shared. i want to know that rich people making trillions of dollars, the donald trumps of the world are paying a reasonable tax rate. i want to know ...

The economy out of a deep recession. >> frustrated that people dont get it, polls show they dont understand there were tax cuts. what did they do wrong? they are playing defense on what was one of their major accomplishments. >> here was the promise that barack obama made. he said if we gave him the close to 800 billion dollars, stimulus, the biggest spending program in the history of the republic, he would hold unemployment under 8%, where george bush had it. if you are going to be an objective...

The economy out of a deep recession. >> frustrated that people dont get it, polls show they dont understand there were tax cuts. what did they do wrong? they are playing defense on what was one of their major accomplishments. >> here was the promise that barack obama made. he said if we gave him the close to 800 billion dollars, stimulus, the biggest spending program in the history of the republic, he would hold unemployment under 8%, where george bush had it. if you are going to be an objective...

I want to ask you as a economist is the second stimulus a good or bad idea. >> the fact of the matter is, everybody, including doug supports stimulus, its just different kinds of stimulus. a tax cut is stimulus in virtually the same way as a spending program is stimulus. plus everyone is supporting monetary stimulus. the issue is not -- gregg: im talking about recommending to the president -- >> let me explain the difference here. since the republicans support stimulus and the democrats support ...

Instead at corporations, and higher income people but everybody agrees on stimulus. a tax cut is stimulus in the same way as a spending program is. the only debate here is not primarily economic but political about who is going to receive the stimulus in the first instance. gregg: doug i want to stick to what laura tison is recommending to the president. one is extending unemployment benefits beyond the two-year period already which may be a jobs disincentive but second of all give more money to...

Months ago, do any good to bring it up again? are you reminding people? >> its not just a specific public policy measure which was disastrous. it was the philosophy of the role of government. the storm systems isnt -- stimulus isnt just a spending program. its couched under a belief that by spending federal money they create jobs. jobs arent created by politicians, theyre created by everyday people to start a business or expand an existing one. the stimulus not only failed to accomplish that -- ...

Half doll taars of spending tha has not been paid for. we are not talking about cutting taxes, we are talking about keeping rates where they are right now and not raising them. >> i agree with the spirit of what you are saying. a $30 billion spending program is 1% the size of a $3 trillion hit to the budget over ten years. >> the first year impact of extending those tax cuts, i would like to see a one year extension could cost $30 billion. we can put people in jobs. >> this is the debate we will...