Page 44 - Spending Side News Today

Principle, most americans love the idea of having their taxes cut. they like that a whole lot more than they like as people to focus on the hard reality of debt and the deficit. thats a plain fact. the democrats have a history on the spending side that rhetorically, at least, they feel they need to defend. so harry reid, the democratic leader, wants to have a short and sharp debate that will stay focused on that issue. but hes afraid of having weeks on end on the senate floor, because it could g...

Security funding. the next week we turned it around in the house of representatives, chairman price and a couple of others, we kicked it back to them. last week on the eve before taking off for their august recession they reconfigured the bill, made it less, but we can live with the money amount, but what they did, they changed the bill so much that its not constitutional. bill: but i thought this is something that you were pining for. this is something -- i mean, you are a border district. here...

Fairy. there is no father christmas for them. and its just, they always look at the spending side and how wonderful that is but the truth of the matter is the resources they take away is where theyre destroying the very core of american productivity. martha: they would say youre wrong, as i know you know, and they would say look at all the great things that have happened since we did the bailout and stimulus like the car companies that have bounced back a lot, 10,000 new jobs is the report out o...

Would be short selling. we have to be spending now, until we have a solid recovery of the economy and the republicans are filibustering it all the way. >> on the spending side of the equati equation, i know youve got numbers to back it up. and youve got your charts where if you spend money on enum employment benefits, i still worry about the deficit. fancy myself as a fiscal hawks, but when you go to the -- is it justifiable to not offset a $60 billion tax cut to the richest people in america? d...

Stuart varney breaks it down for us. good morning to you. the cbo is saying we need to do what? >> okay, theres two items that are new if it goes through this latest cbo report thats out today. new item number one, the cbo expects a worsening in the debt situation if current polices remain in place. thats kind of a criticism of the obama administrations economic polices. number two, it is the rising cost for health care which is helping to worsen our debt situation. thats the exact opposite of w...

Revenues went up 50%. we saw the same thing during the the reagan era. in fact, tax revenues went up almost five times. i do agree, richard, that you know, in the bush era after those tax cuts we did on deficits, but as toby-- >> climbed in or tried to chime in we had a lot of excess spending we shouldnt have. >> all right, eric? >> thats the problem, the problem is the spending side. here is what you need to do. you need to cut the spending and allow economic activity to come back and start to ...

Candy, is to argue that at this juncture with this kind of economic environment, we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> okay. overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have a serious problem here because we spend too much. i thin...

What theyre trying to do, candy, is to argue that at this juncture with this kind of economic environment we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have a serious problem here because we spe...

Taxes, the question is raising taxes. what theyre trying to do, candy, is to argue that at this juncture with this kind of economic environment we ought to have a significant tax increase. i dont know the economists youre talking to, but the ones im talking to are saying raising taxes in the middle of a recession is not a good idea. >> overall, though, $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think that we have...

The question is not cutting taxes. the question is raising taxes. what they are trying to do, candy, is to argue that at this juncture with this environment we should have a significant tax increase. i dont know the economists you are talking to, but the ones i talk to is raising taxes in the middle of a recession is not a good idea. >> overall, a $13 trillion deficit, do you think there is a way to bring down and get rid of a $13 trillion debt without raising taxes? >> i think we have a serious...