Page 27 - Spending Side News Today

Daylight so to speak between where the business community is and where the republicans are. most of the ceos who have been meeting with the president to the best of my knowledge, are saying essentially, we want a solution to this problem, this is a time now, okay with rates going up moderately, provided that the spending side or spending cut side is aggressive and the package is big enough. but the business community is indicating flexibility on the issue of higher rates and distancing itself, t...

People making $200,000 or more. the president wants a rate increase coming in january on people making $200,000 or more and go into next years negotiations on reforming the tax code and hes looking at a single year time period to have three tax increases on the same group of folks, were saying thats dramatic on the economy, that will slow down development of our economy in a time were looking to increase more jobs, why would we do this? how does this stimulate the economy and how does it solve t...

Yes, i dont think it was perfect at that time. i certainly dont believe any bill leaves here perfect. >> he sounds like the conservative columnist in "the washington post." sounds like tom cole, oh, oklahoma republican and a conservative. this is the best of bad options. do this and live to fight another day on everything else. where are you on this issue? >> well, and where i am is im pleased that conservativeses and other republicans are putting ideas on the table. there is an unwillingness to...

Have been productive and constructive and i think we are stepping closer to the potential for a deal. >> thats the most positive thing ive heard in a long time, senator. score one for the senate budget chairmans approach. quick question about another proposal floated by people like bob rubin, larry summers, other with close ties with the house, peterson and the peterson institute, what do you think of that proposal which goes through $1.8 trillion in new revenue over a decade, raising the top ra...

Been a part of this debate and really has been something thats been talked about since the carter administration, is the need to reform entitlements, to make sure that, for example, social security could be set on a path so that it could be available to children and grandchildren being born today. and it seems to me though, congressman that maybe entitlements is not even going to be a part of the discussion, but do you think it should be? >> well, it has to be. and its very troubling, once again...

Are part of the debate and since the carter administration is the need to reform entitlements and make social security is set on a path and available to children and grandchildren that are born today. >> it seems to me that cram -- congressman that entitlements are not part of the discussion but do you think it should be. >> it has to be. it is troubling when the president is ordering the expansion of government and increase of tax rates, but hes not talking about the true of our debt and defici...

Be vague when it comes to stuff its wish list on the table, thats hard for our side, which is medicare. rallied democrats to its side, >> thats a misperception. we propossessed $600 billion in pushed republicans into the savings. position of having to counter with painful spending cut people can take a careful look proposals. so the ball is in the at them. what we havent seen from the republicans court in terms of what pain america has to go republicans is a plan to raise through in terms of spe...

We want to replace the sequester of last year with different cuts. >> on defense? liberals say there still should be significant cuts to defense. >> people say that, but well look to the pentagon for what makes the most sense for the national security needs are the country. but what we proposed top of those $1 trillion savings of last year is $600 billion in detailed reforms to our health care programs and other government programs that over 10 years yield very substantial savings. again, david,...

Was. and they were surprised the white house was going to play their hand as if they were in charge of the table. >> i like your idea of going to sleep. >> go to sleep. lets wake up on december 14th. >> you know, meacham has been here all morning, and hell be back in a couple minutes, but joe klein has raised the issue of abe lincoln and the fiscal cliff in "time" magazine this week. and here is joe on lincoln. what would lincoln do about the fiscal cliff? the answer seems obvious. he would narr...

Tax increases we want, but well be vague when it comes to stuff thats hard for our side, which is medicare. >> thats a misperception. we propossessed $600 billion in savings. people can take a careful look at them. what we havent seen from the republicans is a plan to raise rates and revenues. they said they are prepared to raise revenues. but they havent said how, how much, or who should pay, and havent proposed what they need on the spending side. we cant figure out what they need. they have t...