Page 47 - Spending Side News Today

So hard to protect raising taxes on the wealthiest 1% or 2% of the american public. now the debate is, as kelly pointed out, shifts to the debt ceiling and shifts to the spending side. they are much stronger politically on the spending side, because most people do think the country, the government, is spending too much money. i think this is kind of the low point at the moment. you throw what they did with hurricane sandy or didnt do with hurricane sandy, they are really at a low point, but my g...

Part? what was concerning to you? >> dana: the piece about the fiscal cliff first. you think they have had a year to work on that the democrats and republicans could come together. i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give y...

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Together what was called sequester so they would be forced to put a legislative gun to their heads to make a deal. looks like they may give themselves a little bit of after school study time. bill: well see how that pays off. carl cameron leading our coverage. thank you, sir. martha: the bottom line really does this deal begin to address the economic problems that exist in this country? stuart varney, the anchor of "varney & company" on the fox business network, has been thinking about this morn...

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They want or not. what they can do is lower taxes on middle class americans. >>reporter: they are saying what they believe is on top of that you have the automatic defense cuts that are kicking in at the end of the year and they believe if you let all of this happen on the tax side, on the spending side there will be big cuts to the pentagon but not likewise cuts to medicare and other big entitlement programs and they believe that is another part. on the tax issue the republicans are playing def...

Really changed? what has changed in your point of view? >> they have acknowledged for the first time in decades, i think, that revenues are going up. thats good. but we need to know what they are prepared to do on rates and revenues and on the spending side. again, we have laid out a detailed plan of spending cuts. $600 billion in spending in mandatory programs over 10 years. they phase in gradually, build over time. they are good policy. they make a lot of sense. on top of $1 trillion in spendi...

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>> they have acknowledged for the first time in decades, i think, that revenues are going up. thats good. but we need to know what they are prepared to do on rates and revenues and on the spending side. again, we have laid out a detailed plan of spending cuts. $600 billion in spending in mandatory programs over 10 years. they phase in gradually, build over time. they are good policy. they make a lot of sense. on top of $1 trillion in spending cuts, defense and other programs enacted last year, w...