Page 24 - Spending Side News Today

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 now is ezra klein, columnist for "the washington post" and an msnbc analyst, ezra, i just want to talk ...

Government for 91 days. that doesnt even begin to solve -- >> greta: whats the -- >> the spending side of this equation. >> greta: is there any magic mao work on a solution, rather than management against a deadline? >> it means the president, the senate, the house, we have to have that leadership. we have to have those good-faith negotiations and thats what the republicans are bringing to the table. >>, is the president acting in good faith? >> the president was moo moving in the wrong directio...

Unfortunately, the president continues to ask for higher taxes than ever and more spending, another stimulus. this is our good-faith effort. its a proposal to keep taxes as low as possible for as many americans as possible. and we are putting that forward tomorrow. and i am optimistic that we will get the vote. >> greta: suppose it does pass. lets suppose that this is the deal that the president said he didnt like it. but lets hypotheticalally say, harry reid likes it and the president does. doe...

Unfortunately, the president continues to ask for higher taxes than ever and more spending, another stimulus. this is our good-faith effort. its a proposal to keep taxes as low as possible for as many americans as possible. and we are putting that forward tomorrow. and i am optimistic that we will get the vote. >> greta: suppose it does pass. lets suppose that this is the deal that the president said he didnt like it. but lets hypotheticalally say, harry reid likes it and the president does. doe...

Public relations from the time they get a deal to the time its on the house floor is going to be critical. and theyre going to have to cooperate there more than they have up until now. >> kelly, are you hearing from any republicans on capitol hill on this and their ability to maybe move in any way, shape or form? >> what we are hearing is support for boehner from quite a number of them, which is to that issue that you mentioned of having to be re-elected as speaker, which is a real thing. and we...

Conveniently, by the way, that 400,000, thats the same amount of money the president makes. its kind of convenient, dont you think? >> bill: all right. so theyll probably meet 650. all right. what about the spending side? >> spending side, thats kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absolutely. three times as much cuts i...

On those making 400,000 or more. conveniently, by the way, that 400,000, thats the same amount of money the president makes. its kind of convenient, dont you think? >> bill: all right. so theyll probably meet 650. all right. what about the spending side? >> spending side, thats kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absol...

Share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldnt do was hurt vulnerable families, only to pay for a tax cut for somebody like me. and what i said was that the ultimate package would involve a balance of spending cuts and tax increases. that is exactly what ive put forward. what ive said is, is that in order to arrive at a compromise i am prepared to do some very tough things, some things that some democrats dont want ...

Conveniently, by the way, that 400,000, thats the same amount of money the president makes. its kind of convenient, dont you think? >> bill: all right. so theyll probably meet 650. all right. what about the spending side? >> spending side, thats kind of interesting because we started out with simpson bowles, three to one. spending cuts to tax hikes. >> bill: so explain. simpson bowles the commission signed by president obama and he ignored it completely. >> absolutely. three times as much cuts i...

Is it going to take to get people here to stay focused and to get results? >> what do you think the -- if you could sort of rewind the tape and take it back 24 hours before, as you put it, plan "b," there was an outline of a deal. is it cutting the baby in half, you know, is it slicing some off this and some off of that? where do you think they are going to end up coming down on tax cuts and importantly on entitlement cuts? >> you know, when the president went to extending the tax cuts for every...