Page 6 - Spending Reforms News Today

Addition to whatever you are raising the debt ceiling by. do you believe the $2 trillion figure is where you start and you wont go below that? >> look, we offered over $6 trillion in cuts over the next ten years with our budget. what weve brought to the table is our budget, which has those spending cuts, those spending reforms. we have yet to see a concrete proposal offered by either the president or the senate democrats. so were the ones who put out all the specifics and details. we have yet to...

budget cuts before he agrees to raising the debt ceiling. and then theres the democrat-controlled senate. >> we shouldnt be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is common ground. today -- republican risk, reward and rhetoric with senate republica...

money, there will be no increase in the debt limit. >> boehner wants $2 trillion in budget cuts before he agrees to raising the debt ceiling. and then theres the democrat-controlled senate. >> we shouldnt be drawing lines in the sand. we should be willing to work together. >> treasury secretary tim geithner says the u.s. could hit its $14.3 trillion debt limit tomorrow but he can keep the country out of default until august. so there is time. what they really lack on capitol hill is ...

You have to either cut incredibly deeply into commitments to our seniors, to the elderly, to the poor, to the disabled, or you have to gut spending on defense or you have to gut spending on education, or you have to ask me to go out and borrow trillions of dollars from china, from americans, from our children to afford those, and were not prepared to do that, and it is not necessary to do that and would not be responsible to do that. so, when the president says we cant afford it, hes absolutely ...

Sustain those tax breaks, you have to do one of two things, you have to either cut incredibly deeply into commitments to our seniors, to the elderly, to the poor, to the disabled, or you have to gut spending on defense or you have to gut spending on education, or you have to ask me to go out and borrow trillions of dollars from china, from americans, from our children to afford those, and were not prepared to do that, and it is not necessary to do that and would not be responsible to do that. so...

Americans. the framework the president laid out on wednesday of this week was a comprehensive, balanced set of cuts on spending, things that will -- >> not talking about taxes, because he says no way am i raising taxes on those making $250,000 or less. >> let me just say, these spending reforms that the president talked about, they will touch all americans. on the tax side, if you look at the way our tax code is structured -- and its a broken tax code -- we spend hundreds of billions of dollars ...

More spending reforms and cuts. we dont want to accept the baseline of this massive spending increase. we want a down payment on spending if the president succeeds freezing spending at these high levels another trillion of more money to government agencys to diskrerbgary domestic government agency, double, triple din jilts. epa a 124% -- increase over the past two years. hes trying to lock those in and go forward. >> greta: march 18th, continuing resolution deadline do you think well have anothe...

More spending reforms and cuts. we dont want to accept the baseline of this massive spending increase. we want a down payment on spending if the president succeeds freezing spending at these high levels another trillion of more money to government agencys to diskrerbgary domestic government agency, double, triple din jilts. epa a 124% -- increase over the past two years. hes trying to lock those in and go forward. >> greta: march 18th, continuing resolution deadline do you think well have anothe...

Help to pay off his debts, hes going to have to begin the process of cutting up the credit cards. in other words, we need major spending cuts and major spending reforms. >> lawmakers under a lot of pressure to vote very soon on raiding the debt ceiling. were on course to reach our borrowing limit this spring. cyber crime, taking its toll on the stock market. were learning nasdaq was hacked. not once, it actually happened several times. did you know about this? the place where some of your 401(k)...

Default on its debt. but if the president wants our help to pay off his debts, is he going to have to begin the process of cutting up the credit cards, in other words, we need major spending cuts and major spending reforms. >> harris: here is what hensarling is talking about. time is running out for lawmakers to vote on raising the debt ceiling. the nation on course to reach the limit this spring. thousands of stocks traded on the new york stock exchange. nasdaq just got hacked. not just once. i...