Page 27 - Spending Programs News Today

Ryan. what is the thinking behind his choice? >> yeah, you know, paul ryan is a rising star in the party. he is a chairman of the house budget committee. a well-known deficit talk. even though the president is expected to talk about deficit reduction, were also anticipating that he is going to talk about spending even more on things like infrastructure, and education. now, republicans are going to be wary about that. here is senate majority leader mitch mcconnell from teds "fox news sunday." >> ...

Vowing moving a cut bill, it may be largely symbolic. republicans also have another corollary plan, its called cut dough that means any increases in spending programs has to be offset in other programs. how are democrats going to react to that? >> reporter: there is going to be a lot of battles in how much you cut. i think you saw president obama has shifted how he governed when he called for a freeze on federal pay for federal workers. going forward with john boehner bringing all the spending r...

Latest updates on this topic.

Theres a tea party movement. americans are sick of republicans going to washington and saying well just be generals to the globetrotters lets agree to be good losers to everything. thats what the republican establishment has been doing for decades. the tea party movement is holding their feet to the fire and saying no we want people to represent us and not vote for huge spending programs. >> sean: i think they dont progress if they are not going to lead, get out the way. >> they might find that ...

Latest updates on this topic.

See washington slowing down? >> business will be able to say -- there will be no big spending programs. well get certainly on regulations and taxes. the $2 trillion held by big companies on the sidelines. if they return to con if i den the economy will expand, that money will come off the sidelines and go into the economy and well expand. im optimistic of a republican sweep. bill: im going to give you a gloom and doom in quotes today. ill cut you a break. martha: i have some upbeat news for you....

Rate. >> jonas, you side with richard on this one, you think this is going to put us in a deeper hole, dont you? >> the backward bending tax thing were beyond that. we get a 1% tax rate on wealth think people and more taxes and theres a point where it stops working and it does work from 50 to 40, maybe 40 to 35, but were at the lowest percent saj of national income collected as taxes the lowest since 1950 and spending as a percentage of grosse pointe woo woods-- gdp. its growing, growing forever...

Latest updates on this topic.

Latest updates on this topic.

Latest updates on this topic.