Page 41 - Spending Side News Today

Movement is the notion that we are overtaxed. tea stands forout our current b situation. because there are two sides to the budget ledger. taxes and spending. but thanks to the tea party and an incredibly set of wealthy people who dont want to see taxes go up ever, the conversation were having about the budget is almost exclusively a conversation about the spending side. >> washington does not have a revenue problem. washington has a spending problem. >> we dont have a revenue problem. we have a...

Welfare president to george w. bush says both democrats and republicans are wrong. >> republicans are betting if they say no new taxes, the american people will like that. well try to do it all on the spending side. a lot of people will lose fits and democrats say well tax the rich and not the middle class. that wont produce enough revenue. thats not going to work either. >> reporter: if the last fight over the bush era tax cuts is any indication, that will be a fierce battle. the president vowe...

That both republicans and democrats are wrong. >> they are betting that if we say no new taxes, do it on the spending side, the problem is spending affects the public. a lot of people are going to use their benefits and they say we will tax the rich and not the middle class and that wont produce enough revenue so thats not going to work either. >> the bush era tax cuts is a fierce battle that the president had vowed many times he would not extend the bush era tax cuts but in december he did. he ...

Karen, let me begin with you. where do republicans, democrats and the white house agree? lets start from a point of agreement. >> lets see, maybe that the sky is blue. no, seriously, i think there is agreement that this is a problem we need to tackle. that we have got to find a way to rein in our debt. the problem becomes once you start talking about how to do that. and i have to say, you know, when you listen to ryan and boehner, it is intellectually dishonest when they say that washington had ...

Budget committee voted for this, which really ends medicare for future seniors. it ends it as we know it. it gives people a voucher thats limited in how much it is and it doesnt do anything to reduce costs. what it does is shifts the costs onto the backs of our future seniors. for medicaid is basically says governors can make the choice in how they spend those dollars. they dont want to pay nursing homes for the care of our most frail elderly. thats not acceptable to most americans. its certainl...

Republican party and a small band there is able to force the hand of the speaker, rather than the speaker taking charge and saying to the public, heres what we believe in. >> yeah. theyre playing, eliot, theyre playing a lot of base politics and thats going to work for them with their base. it doesnt work so much in a general election. but let me just say this, republicans came to washington to cut spending. what john boehner is doing is making the point that ehes trying to get every single doll...

Lands? thats a good starter. and you can go on from there on a number of tax expenditures. >> on the spending side, senator nelson, any suggestions on the spending side or only revenues? >> will, you cant approach it like you are. youre either one side or the other. >> no, sir, no, sir. >> no, no. now listen. >> im all ears. >> what i have been saying in this whole interview is that youve got to have people of good will come together that are not trying to score partisan and ideological politica...

Longer-term discussion, because you have been critical of paul ryans proposals. what is your biggest problem with what ryan is proposing? youve talked about dealing with entitlements. but you object, as i understand it, correct me if i am wrong, you object to the proposals, specifically on medicare. >> well, my objection to this plan is its simply unbalanced. he does it all on the spending side of the equation. in fact, he starts by cutting taxes even more. after all the tax cuts weve already ha...

Areas. there are three things a lot of deficit hawks think you have to do to bring the budget into balance. do something dramatic on the spending side, take on spending and take on social security at some point. all three of those things youve left out of this. >> thats not true. >> to the xents im wrong about that, explain the ways in which youve tackled those three areas. >> we take $78 billion out of pentagon spending and apply it to deficit reduction. we agree with bob gates. hes taken $178 ...

>> chris: the presidents debt commission got $1 trillion from closing a lot of tax loop hose and ending tax deductions. do you do that. >> the presidents commission which i was a member of, first and foremost said to have economic growth in america you need to lower tax rates. for corporation and individuals and broaden the tax base and well recommend those kinds of things. weve put the details out on tuesday but well call for tax -- fundamental tax reform, not only do we want to cut spending an...