Page 23 - Spending Side News Today

A few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment ins...

43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits....

Lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insurance is different from the other parts of the fiscal cliff in that way. there are tricks we can play on, say, the pack side....

Dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insurance is different from the other parts of the fiscal cliff in that way. there are tricks we can play on, say, the pack side. we can change withholdings so you dont notice it. and on the spending side, instead of la...

A few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment ins...

Spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, hes agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have p...

Tremendous patriotism and it will be -- >> did you hear that lieutenant colonel representative say we dont have a tax problem, we dont have a revenue problem, its a spending problem? this doesnt address the problem in washington. thats the problem. >> again, once we band together, companies and citizens, were listen, we need additional receipts, period. thats a known. its going to happen for a period of time through -- >> youre a business guy. were run out of time.j3 if you take in money but sp...

Commission. the most important thing, we have to deal with spending. we live in an america where the federal government now is spending 25% of our gross domestic product. when you study the obama budget that would increase to 32%. thats where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. its not just about defense or discretionary. >> is there any indication the presidents deal, that he may come back with, will address spending? i havent ...

Now? the president has never taken the spending side of this equation seriously, which is why we dont have a deal. republicans have put their necks on the line supporting new revenues, the presidents not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i dont think theres anything to that, but the reality is that if he wants to get anything done, he has two options. he either breaks t...

These americans from a tax hike. at the very least lets agree right now on what we already agree on. lets get that done. >> the house of representatives now stands in recess until thursday, december 27th. just four days before we step off that fiscal curb. this week, the office of management and budget issued guidance to government agencies outlining the potential impact of the $1.2 trillion in budget cuts, which will start to take effect on january first, if congress does not act. joining me no...