Page 17 - Spending Side News Today

Or serious about getting families out of work back to work, then it needs to get serious about our national debt. how do we do it? first we stop spending money we dont have. >> i mean, give me your response to that point. >> look, it is patently wrong on the numbers. they call paul ryan a numbers guy. he gets them wrong as often as not. the budget deficit is a shared gdp of 10% in 20099, last year it was 4% headed down to 3%. thats the larnlest four-year decline in the budget deficit since the m...

Spectrum, which would be a pretty smart way to talk about tax reform, but what heather was saying is on the spending side of the budget, it cuts the spending programs and domestic discretionary by block granting medicaid and part of food stamps in a way that the lower income spectrum would bear a very heavy burden of this. on the other hand, what this budget does do is focuses on the need to get our medium and longer term debt under control and thats something a lot of policy makers are running ...

Made some savings, and were trying to push it off for the future, which leaves some risk. >> i know your organization has been particularly mindful of the growing debt but as we look back, did some of the austerity measures, did they actually hurt the economy in a palpable way? >> think theres no question that the deficit measures that have been done so far, one, that was never really the focus. its not the immediate deficit we need to worry about because as youve been pointing out, the company ...

Write something like this and think this way. what this pope is talking about whats happening in this world and trying to -- >> is reality. >> yeah. >> reality. >> okay. so theres it no argument here. willie, youre all for bloomb g bloombergs piece, right? >> no, im not. >> good. lets move on. steve ratner, youve got charts on the spending debate which seems to be a debate in washington. >> yeah. ive got one chart as you know, the house last week passed the budget agreement. its still in front o...

More expansive government, and you have a republican president coming to office and offers you, hey, no -- medicare, you know, part d, no child left behind, youre going to work a little bit because youre getting a little bit what you want. >> the republicans from their base perspective, they were sent there to do things like stop spending, and stop obama care and things like that. so if their voters are telling them the first thing they want them to do is stop, either on spending side or program...

Deficit savings is more spending cuts. >> right. >> be aware we have cut $2.5 trillion so far on the spending side. im sorry, reduction already. 70% 0 of that has been spending cuts already so this really is their shrink government turf. exactly as you suggested. >> you know, on the one hand, we finally got an agreement that we can go to conference committee and try to look at the two budgets and have a budget and stop going from continuing resolution to continuing resolution. and yet, the deadl...

Balanced approach like many bipartisan commissions have been. you have to look at the spending side, especially the so-called mandatory spending side. things are on automatic pilot. you have to look at revenue. if you take that off the table, you put much too big a burden on everybody else. and so i was worried the other day when the speaker of the house said, hey, i want a negotiation. i want to sit down at the table. by the way, we refuse to talk about revenue. thats not a negotiation. the ame...

Successful. i understand that theres a $16 trillion in debt, and we have a unique problem with a weak economy recovery, and it seems that congressman markey is talking about everything but the economy. >> greta: what would you do? >> well, i would focus first on the economy. id focus on the spending side. also focused on the revenue side. we need to address the spending side. we need to address cuts in certain programs. weve got all parts of the government could have some kind of cuts. i also th...

Successful. i understand that theres a $16 trillion in debt, and we have a unique problem with a weak economy recovery, and it seems that congressman markey is talking about everything but the economy. >> greta: what would you do? >> well, i would focus first on the economy. id focus on the spending side. also focused on the revenue side. we need to address the spending side. we need to address cuts in certain programs. weve got all parts of the government could have some kind of cuts. i also th...

To use your parlance, then you can use those to lower rates or for something else, be, you cant say its all on the spending side or all on the tax side. >> wait a second. lets set the ground rules here. no one is talking act eliminating all tax expenditures. >> correct. >> two, a tax expenditure has to be looked at as an appropriation. is it worthwhile, how much does it cost, does it serve a function? the difference between a tax expenditure and appropriation is you have to reappropriate money e...