Page 19 - Spending Side News Today

And then after that well take on the tax code and try to close some of these loopholes but at the same time for 2014 and 2015, we will try to mitigate some of the spending there. then everybody is engaged. all right? that wasnt even close to -- thats whether a should happen. it wasnt even close. >> this president seems to think that the way to negotiate is to make the other guy an offer that he cant possibly accept. i mean, it is completely, politically crazy to think that the republicans, who h...

And then after that well take on the tax code and try to close some of these loopholes but at the same time for 2014 and 2015, we will try to mitigate some of the spending there. then everybody is engaged. all right? that wasnt even close to -- thats whether a should happen. it wasnt even close. >> this president seems to think that the way to negotiate is to make the other guy an offer that he cant possibly accept. i mean, it is completely, politically crazy to think that the republicans, who h...

Instead they will get none of those things and a smaller total of deficit reduction. they will be able to say they didnt break grover norquists pledge. >> and karen, ezra did the breakthrough reporting last week on this when he found prominent member of the house who remains unnamed as of now. who did not realize what the president has actually been offering in terms of deficit reduction packages, including on the spending side, for example, chain cpi, adjustments to ways of changing the increas...

Member of the house who remains unnamed as of now. who did not realize what the president has actually been offering in terms of deficit reduction packages, including on the spending side, for example, chain cpi, adjustments to ways of changing the increases in social security payouts, that sort of thing. ezra discovered that they dont know what the president has very loudly and to his own risk within his party proposed. >> no, they dont know. they just know what the talking points are, and the ...

How much more does he want? when is the president going to address the spending side of this? >> but simpson and boles, who a lot of people around here think its really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended. thats a pretty good deal. so you didnt have to give up a lot for that. only 18% of the bush tax cuts were rescinded wi...

How much more does he want? when is the president going to address the spending side of this? >> but simpson and boles, who a lot of people around here think its really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended. thats a pretty good deal. so you didnt have to give up a lot for that. only 18% of the bush tax cuts were rescinded wi...

Or there can be no deal. >> david, the president got $650 billion of higher taxes on the american people on january 1. how much more does he want? when is the president going to address the spending side of this? >> but simpson and bowles, who a lot of people around here think its really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended...

Might be open to revenue. are you? >> well, i want to make sure that we look at the spending side of the equation. we already have $600 billion in increased revenue. i want to make sure that we look at the expenditure side. we ought to be looking at reducing spending. a lot of ideas have been put out there on the table. the president speaks on a balanced approach. the balance is $600 billion in new revenue. lets look at how we can reduce this budget. were talking about reducing it by 2.4%. just ...

Side. thats been addressed. lets sit down and have a serious discussion about the spending side. let make sure we get that done. >> congressman rob whitman, thank you so much for taking the time. >> thank you, chris. senators john mccain and lind is see graham alindsey gra heading to the us what to talk about immigration reform. they outlined legislation last month. senator mccain says the group hasnt gotten specific on the plan and that the president is supportive of their efforts to reach a ...

Saying lets have sessions -- go to camp david. but lets really dig through the nuts and bolts and the pieces of this to get something done by march worn. >> eric: beyond that, you have had suggested and its working in kansas, to do something quite remarkable to some people, trying to get rid of the income tax. what do you think you can prescribe to the nation so that we avoid the sequestrations and the financial cliffs and the fiscal cliffs so we can get together and solve this problem? >> you k...