Page 48 - Spending Side News Today

Latest updates on this topic.

Creating jobs, things like infrastructure and technology are not negotiable. >> with the house, we know that, he has to deal with the house. john boehner, the speaker of the house, also 25uked about the fiscal cliff and hinted for compromise. you got to listen carefully to see the compromise that could be coming. lets listen. >> its clear, there are a lot of loopholes in the tax code, both corporate and personal. its also clear that there are all kinds of deductions, some of which make sense, ot...

Ran down. what is the short-term tangible consequence if we dont get action on the fiscal cliff. >> cote is right, it does cause uncertainly. life is uncertain and so they know that theres going to be this issue and that washington is going to wrestle with it. in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we wont see all that man...

Latest updates on this topic.

In debt every year of the four years of this presidency that weve done everything we can do on the spending side. i think the first thing governor romney would have to do as president romney is prove he is serious on the spending side. deal with that issue first. when he does, he will then have credibility with the american people to be able to solve any problems that are on his desk. >> and that means even raising revenue if thats the right thing to do, raising taxes if its necessary? >> no, li...

But his plans have been tried. and you deny thats relevant. >> i think he is relevant. i think he will move it in a different direction starting with spending. the -- >> how is he a fresh start? >> the one thing i didnt hear from the president today was how hell reduce spending. that is the crux of the nations problem today. we are spending money we do not have. and i think romney has a legitimate prescription for addressing the spending side of this equation which a lot of people dont want to a...

>> this governor or this governor? >> as a former lieutenant governor, im sitting here a little bit. >> alicia was a former, never mind. >> my point is that, you know, you talk about the house members. they came to the table with a clear mandate from people who elected them in 2010 to control the spending. that was their first charge. so their first point of attack was on the spending side of it. to the governor -- to governor patakis point about how this whole thing gets played out, the reality...

Return because if we are smart, we can do better things for people than washington alternatives, how do we raise taxes and cut spending in a way that causes you pain on the spending side and causes you pain on the tax side is exactly backwards. i was really struck, this is part of learning. when we had a debate the other day and asked the question about the heating assistance program. it was phrased in a perfectly washington way. are you going to run a bigger deficit so you can help more people ...

Federal spending and the spending side of it. not just the re-knew side. everyone says there will be a revenue problem. talking about the option between the 20% rate on an individual basis or current plan where they choose lower of the two. revenue could go down but so will spending. >> dana: the idea if the xy grows there is more re-knew. heard from an economist that said his problem with the perry plan because of the option that is optional, you then have to do your taxes twice. under both tes...

Spending side. when eric talk about 18%. it says you freeze government spending and it also says you wont hire anybody in the government. he wont mention defense. he wont talk about that. the other thing he talks about the social security. the bush plan. young people invest in the stock market and get killed. but he says nothing about medicare. nothing about medicaid. the biggest ones you need to deal with, he hasnt touched them. why? hes afraid of what happens with ryan and republicans who -- >...