Page 10 - Spending Reduction News Today

Cut would have been spent in the future or you are retracting it from the past so it doesnt affect the baseline. >> greta: i dug into it and i understand what youre saying this is what the american people hear. 38 billion cut from spending whether it is promises in ious in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billion...

A cease and desist -- michele bachmann called planned parenthood, quote, the lens crafters of big abortion. that didnt sit with the eyeglass chain. they requested she quit using it in public comments. her spokesman says shell comply. to end on a much lighter note, last night jon stewart picked up on what president obama said or didnt say during his big budget speech. good stuff coming here. >> president obama is going to say it, hes going to be honest. going to keep it real. its going be a tax i...

>> president obama is going to say it, hes going to be honest. going to keep it real. its going be a tax increase, people. >> my plan will require us to come together and make up the additional savings with more spending cuts and more spending reductions in the tax code -- >> what? >> spending reductions in the tax code? -- the tax code is not where we spend, its where we collect. you managed to talk about the tax hike as a spending reduction. can we afford that and the royalty checks youre goin...

>> spending reductions in the tax code? -- the tax code is not where we spend, its where we collect. you managed to talk about the tax hike as a spending reduction. can we afford that and the royalty checks youre going to have to send to george orwell? >> actually what he says reminds me of the old phrase from the 70s -- revenue enhancement. remember that one? texas considers a bill to stop something that doesnt exist. the walk through the crazy republican house of mirrors when we return. youre ...

Code," code for raising taxes! you managed to talk about a tax hike as a spending reduction. can we afford that and the royalty checks youre going to have to send to george orwell? thats the weirdest way of saying tax hike. thats like saying, im not going on a diet. im going to add calories to my excluded food intake. >> thats pretty good. thats funny. live look at the white house at 42 past the hour. time now for the must read opinion pages. well start with paul ryans piece in the "washington p...

Long-term economic recovery if you start taxing wealthier americans? >> no, the risk is if we dont. we have a $14 trillion economy that has only $13 trillion a year in aggregate demand because we put lots of money into the hands of the rich and they dont spend it. how many yachts can you buy? we have a chronic deficit just to keep the economy going because weve given tax cuts to the rich. when the top tax rate was 40% under president clinton we were seven year as way from paying down the entire ...

Ground and give ground to all these unreasonable demands about abortion and about jeopardizing clean air and clean water by virtue of cutting the e.p.a.s wings. he just cant do that. so honestly, i think hes probably given just about as much as he can. but by the same token, needs to stay above the fray. >> sherry, we listened to senator john thune on the "daily rundown" this morning, and what he said about house republicans. >> i think theyre going to push as hard as they can to get the maximum...

Of enough republicans to be able to pass this. i dont expect ill l hell get a lot of cooperation from democrats who dont want to see any cuts. but i think hell push as hard as they can to get the maximum level of spending reduction. which is what she should do. many of the voters who elected many of these new members of want want to see and are following through on that. we need to push as far as we get and get spending reduction as much as we can in this unfinished business from last year. this...

Reform, social security, medicare, medicaid, and tax reform. and to the degree we got anything in the budget it was a bunch of the phantom revenues and we do not know what that means. does it mean an excise tax on something else, we are asking for clarification. no one is getting back to us. i dont think they want to talk about it. >>neil: will the government shut down on saturday? >>guest: i hope not. it is not necessary. the republicans here in the congress are working as hard as we can to mak...

We have sent our bill to the senate and the question of the week is what will harry do? will he decide to shut down the government or work with us? you know? we gave them a $61 billion spending reduction, for this period of time, and we sent over another two week reduction with $4 billion, another 3 week reduction with $6 billion, and the point is, the democrats want to continue this spending, they are not willing to make the cuts that are necessary to be responsible to the american people. >> a...