Page 2 - 483 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cushions for the military. just a cool $483 billion. oh, and he also managed to squeeze out some tax breaks for corporations and the rich. how is that for a focus on poverty? all while gutting programs like obamacare. that's poor work from someone who says he cares about poverty. joining me now is congressman chaka fattah, democrat from pennsylvania, and the daily beast's michelle cottle. thank you both for coming on the show tonight. >> thanks, reverend. >> good to be with you. >> congressman fatah, congressman ryan's budget hinges on repealing a law that just marked its most significant achi...

About his relationship outside the cia is going to have -- is going to boil over in the hearings themselves. meanwhile, there will be lots in the press you can bet. >> no doubt about that. inquiring minds want to know. with the war in iraq over and the president winding down the war in afghanistan, the pentagon faces some deep budget cuts. defense secretary leon panetta has called the cuts potentially devastating. what do you think that means and what would likely get cut? >> everything is going to get cut. if there's no agreement made across the board cuts will be made. i think you're talking...

Flat tax system that will -- by the way, dramatically reduce the $483 billion that americans spend to comply with the current tax code, but secondly, you see a moratorium on regulations, federal regulations according to sba cost a trillion dollars today, $10,000 for every manufacturing job, third, you see specific reforms in social security and medicare, that helps secure those programs for our children and grandchildren, and finally, you see a commitment to a balanced budget amendment to finally stop the borrowing. so we're not leaving our children and grandchildren with so much debt that we'...

For president, one of reasons. he had a good record in texas >> how do you respond to critics who say this is regressive. is there a minimum income level for the flat tax would kick in? >> yes, that's why you have those generous exemptions so you have to make a real sum of money before the tax kicks in. gog to pay more. middle income people are not going to pay more and they are goingç to save huge amounts of money. the tax foundation estimates by 2015, we are going to be spending 483 billion dollars come playing with this code, 300 billion from companies and 200 billion from individuals. yo...

Physical hawkishness. wants to increase military spending by $483 billion over ten years. it is certainly a shameless budget but is it immoral? somehow he ann rand's his way out of that. cutting assistance fort poof helps the poor. he writes slashing those programs empowers recipients to get off the aid rolls and back on the payroll. that is the paul ryan we know. he's back. >> we're going to the majority of takers versus makers in america. we risk hitting a tipping point in our society, where we have more takers than makers with society. >> we have become a nation of majority of takers and mi...