Page 9 - Spending Reduction News Today

We have both sides still, the republicans say they are not raising taxes, temporarily,. >> reporter: it will not include the mail air surtax that president obama wanted. jenna: how will they do it. >> reporter: i talked to a lot of senate republicans who are very high on this deal. take some of the ideas to cut spending that were in the supercommittee that didnt get approved, take some of those cuts, and pay for the payroll tax cut with that spending reduction. jenna: it will be interesting to s...

whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, secure their retirement. >> that speech was a clear rebuke of republicans especially the tea party, and music to the ears of democrats who too often find their president too timid. >> their philosophy is simple, we are better off when everybodys left to fend for themselves and play by their own rules. i am here to say, they are wrong. >> our chief white house corre...

We know that the two both the debt crisis and the unemployment crisis are related. and so that is something that congress would have to debate. i mean the good news, if, if there is no agreement, the nation is still going to end up with what republicans said and that is there will still be a dollar of spending reduction for every dollar increase in the debt ceiling. now, it is going to be 1.2 trillion, perhaps the dumb way as opposed to 1.5 the smart way but the bigger tragedy is we have an unsu...

now, actually pretty good since where it started pretty much in the 100 level, stocks are negative even though one of the big three credit agencies affirmed the u.s. governments aaa rating today, calling its credit worthiness exceptional. thats a sharp contrast to this months downgrade by standard & poors. we told you this this was going to happen yesterday. it did. protesters make san franciscos rush hour commute a mess. bay area rapid transit shut all four downtown b.a.r.t. station...

>> and now its time to talk about jobs. >> all right. let talk about jobs. heres one, neil bowlens job with the faa new on furlough. >> i have a hard time understanding their partisan bickering and rhetoric. were reaching into our investments, savings, signed up for unemployment, and thats barely going to make the electric bill, much less the water and mortgage, so, yeah, were incredibly disappointed. >> he says congress could have prevented his ordeal with just a days work. heres why ...

quite bizarre. people like breivik are trying to resurrect the idea of a modern day crusade, a real clash of civilizations against what they see as islamic invasion of europe. in fact, muslims make up only 3% of europes population and thats likely to rise to between 5 and 8% by 2025 and level out at that point. but that doesnt change the reality of the anger, hatred and the violence. ironically, in breiviks nostalgic view of the medieval world, it resembles nothing so much as al qaeda,...

put forward by a bipartisan senate group named the gang of six. most liberals dont like the gang of six approach because it would make cuts to social security and medicare. >> we are an anti-gang group. we are -- were trying to suppress the growth of gangs. we think that it is not healthy for washington. most conservatives complain it doesnt cut spending enough and raises taxes too much. >> the gang of six is a five pages of sort of talking points. its not an actual plan. >> but the ...

obama has just summoned congressional democrats to aarr white house. to be clear, democrats only. were also hearing the top two house republicans, john boehner and eric cantor are to meet with mr. obama at 5:00 p.m. eastern time. so clearly a busy afternoon shaping up at the white house. tell you what, i want to take you now straight to senator coburn who is live for me. sir, good to have you on the program. let me just begin with this. we mentioned these meetings at the white house. m...

Implications how we care for the elderly. >> i dont think that is fair. the way the debate will break down is defense of status quo or are we going to reform the system. >> no, i dont think -- >> what you would propose -- im sorry, what democrats propose is we maintain a system as-is and maintain the status quo. >> no. >> and republicans say we have to relook, look at this system in order to make sure that there are benefits -- >> i think the president has -- had a debt commission and the presid...

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...