Page 23 - 240 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> is that true? >> no, joe, you know with the congressional budget office, there are the two ways lines, right? there's the current law baseline and then there's the current policy baseline, meaning continuing current policies. and compared to that baseline, we actually reduced the deficit by $640 billion. the $4 trillion number you're using, joe, you know, assumed that all the middle class taxes would go up. in other words, that's what cbo assumes, and so when they say -- >> well, that was the law. >> that was the law, as was the amt going into full effect. republicans have always used in th...

Should he do more of it? >> should he do more detail out there? >> it's up to each one of us. you lay it on the table. we can get $240 billion by allowing medicare to negotiate like the v.a. does. people are knocking down the door. those are things to bring them forward. if marcia brings forward and says we need to talk about the age or whatever, bring that forward. i'm going to make a determination on what's best in the long term interest. >> i read "the new york times" and the good news is we're not going over the cliff. if republicans don't like the deal they're cutting they'll do the plan....

Of the idea of us think being a progressive future. the reality is the last time that we did an attack on the economic problem, the economic crisis, governors were given money, right, in the stimulus. but what did most of them do? they reduced their public sector work force. most of the job decline has been because governors, states directly -- >> so did the federal government. >> but wait, wait. that was after the stimulus money wore out. the stimulus money that was given to states and local governments, about $240 billion kept local -- public servants at work, kept governments from laying of...

Come up with $240 billion per year, four years later. talking close to a trillion dollars more that we're paying into the pump that we don't need to be doing. now, something interesting is going on over the last couple of days. president obama indicated that he may be willing to release oil from the strategic petroleum reserve. >> steve: our back up plan? >> gretchen: that's interesting timing. >> eric: very interesting timing. 700 million-barrels in case there is a supply disruption. we don't have a supply disruption. also the "wall street journal" reporting today that there is a deal in phil...

Jobs. transportation secretary ray lahood announcing the money will go to, and stop me if you have heard this before, repairing crumbling roads and bridges. but is anyone looking at the tumbling finances? just the interest to carry this each year, costs us $240 billion. far from address it this year, market wanter craig submit says we are doubling down this year, setting up what could be a bad next year. >>guest: follow the money. you will see this money go to swing states that are very labor union friendly. i suspect this is in different than the run around that the president did on the immig...