Page 25 - Spending Programs News Today

Because if the hard earned tax dollars can be treated like monopoly money. >> the president is going to have to be consistent and clear. he cant spend big part of his state of the union talking about more spending programs and then say that were -- we have got a serious deficit problem. >> bret: the president, the administration submitted a 3. trillion-dollar budget proposal to congress today. that means the proposal has it at $1.6 trillion deficits for the following year. here is a quick breakd...

Its gotten so difficult. and the president is going to have to be consistent and clear. he cant spend a big part of his state of the union talking about more spending programs and then say that were going to, weve got a serious deficit problem. weve just got to start now. jon: mitch mcconnell can, your leader in the senate, was on television yesterday urging the president to accomplish everything through tax cuts. is that probable given this economic environment? >> what we know is tax cuts do a...

Borrowing money. the expectation is that interest rates rise. your mortgage rate, likely to rise because of americas indebtedness. megyn: the obama administration has said already, look, we didnt have a lot of choice. they are funding the wars in iraq and afghanistan to the tune of 160 billion the year. $160 billion for a jobs bill that they need to work on this 10% unemployment rate. they say they have cut 120 federal programs in addition to freezing some spending programs. what more could they...

So many people behind. the economy wasnt working for working people. >> if you look at the similarities you have two big spending presidents that felt they could just apply their world view and make peoples lives betterhether it was standarding wars i war -- starts in the middle east or having massive spending programs. that made peoples lives worse. it made it harder to start a dropout of the workcelotf entirely. you had employment numbers going up. you had a huge part of the labor force that w...

Two-year budget deal that would remove some thorny issues as the house is about to transition to a new speaker. the dole was negotiate bet representatives of the white house and the topyb@vh four congressat leaders, retiring speak john boehner, senate majority leafed are misch mcconnell, and nancy pelosi, and harry reid. ride called for doing with i. -- doing away if a sequester cuts. >> we know that fiscal organizations are ongoing as the detail colorado and especially if an agreement is reache...

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Spending. automatic spending cuts. >> that are built into the law now. >> yes, hes thrilled to have obama care rolling in. this now pretty much takes off the table any new spending programs over the rest of his term. what he loves to do is create new spending programs. i think thats the letch raj for republicans ultimately to make him make an offer to them on resolving these issues. >> okay, kip, lets talk about the republicans. where are they? publicly or a common front? theres no question abou...

Spending.ti automatic spending cuts. >> built into the law now. >> yeah, and hes thrilled to he have obama care rolling in, but this now pretty much takes off the table any new spending pe programs over the rest of his term. as we know, what he loves to do is create new spending programs. i think thats the leverage for republicans, ultimate lay, to an make him make an offer to them on resolving these issues. >> okay, kim, lets talk about the republicans? where are they? there are some publicly a...

John boehner ahead of the debate. >> the house our goal is to cut spending, not to shut down the government. thats why we are going to cr this week and we would hope that the senate would take this bill up and move it quickly. the president on friday agreed that there is no reason to get into some debate about shutting down the government. its just not a smart thing to do. >> reporter: they are having debate at this hour on the house floor. we expect if all things go as scheduled to have a vote ...

Number. now put it in context. were not spending much money. retail sales negligible growth. the jobless rate is rising. the overall economy is contracting. confidence at a new low level. taxes have gone up and as of this morning, the price of gasoline has gone up to 362 for regular. that is the highest price ever for a gallon of regular gas in the month of february. you add it up together and focus on the true state of our economy a lot of people are getting very nervous. martha: stuart, the pr...