Page 14 - Spending Programs News Today

Debate over these programs. weve had that debate before. i think this will ensure well have that debate on the senate side. thats the good news about it. >> weve had back to back republicans, tom cole and senator chambliss both indicating, sort of in positive language, they would be receptive to elements of what the president of the united states said yesterday. what, in your estimation, is the biggest difference between this proposed grand bargain that has been articulated and the grand bargain...

Weve just been discuss stph-g. >> i think focusing in particular on chained cpi the point about the changes to social security being used to lengthen the life of social security and fix this program, which is on a none sustainable path makes sense. i think it would have been better if the presidents budget had a full fix to social security reform, but on chained cpi in particular it is a very sensible policy that talks about how right now, the way we calculate inflation, and its not just for soc...

Office said the federal budget would be if we kept all current spending programs in place and growing at their normal rates. so the president is increasing the rate of government spending. not reducing it, but increasing the spending. in fact if you compare the congressional budget office says over the next 10 years we would spend roughly $47 trillion under what is called current law. there is about a trillion dollars worth of gimmicks in there that the congressional budget office pointed to. so...

President was maybe taking a new path, one of balance he is been talking about the past five years works he want tax increases and spending cuts. he has provided no he details to spending cuts and now he wants quote, entitlement reform. what is he calling for? calling for a reduction in the cost of living increases for social security, and on medicare, the single biggest federal expenditure, the number one thing that the feds spend money on, the main reason we have the multi-trillion dollar debt...

>> if you are right, you are attracted to someone who doesnt have the liability and getting someone back from the government. >> i dont want to cut back. >> i dont want to learn the income tax. there good spending programs, but the things that have refundable credits. can we agreo that? those tax expenditures. >> the tax expenditures that feature diffidents and have the cayman island stuff, do you agree they should be cut in the interest of context. thats the space we want to use to get a fair o...

And a little piece in the ocean. >> well, were having this little place over the ocean on both sides. and republicans protect their pet tax loopholes and spending programs largely in defense and democrats wont give an inch on entitlements and other forms of wasteful spending and were stuck in this constant state of paralysis, and stalemate. partisan gridlock and blame game what well see in the i was ek. going, asking dan as a suspect whether he agreed with anything that rush was saying and obvio...

Love democratic spending plans. >> whoa. >> and the two sides dont match up. >> whoa joe. whoa, joe. in the 2000s, it was republican spending programs that they liked. >> i agree. ive written a book about it. >> $1.5 trillion in the war, prescription drug bill, over $2 trillion long term that we havent paid for. we didnt pay for it. what happens when you dont pay? >> you mow, a lot of democrats went along with a lot of those things as well. >> i voted for afghanistan. i voted for iraq. but the f...

Higher taxes on wealthy individuals, corporations and oil companies. this will be the aggressive pursuit of the economic policies put in place in the first four years. more government spending. martha: we saw a recent poll that showed 2-1 that people do not believe more spending is the route to economic recovery in this country. it got him reelected, these ideas about taxing oil companies and the rich more. but there is another question that has to do with reports of fraud and waste in the exist...

That amount of spending, a doubling of the amount of discretionary spending over that time frame and say that its not an increase and not a significant increase. bill: away from discretionary spending to mandatory spending which is entitlements, medicare, medicaid, social security. that is about 60% of the budget. >> right. bill: where is she on reforming those issues? >> well, i think she is absolutely right to identify that as a problem. to a certain extent, it is a welcome development here. d...

To our future generations, you know, our children and our grandchildren, currently who have $53,000 debt upon them. were eroding their possibilities and their opportunities in this great society. so i think we have to have up in washington d.c., the seriousness, to look at the true problem, which is a spending problem. look at mandatory spending programs and we have to stop the exorbitant amount of spending and we have to say, finally, were going to stop this debt and were going to get serious, ...