Page 32 - 571 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Medicare solvency and also offset the cost of the new program. that is double counting. so when you take a look at all of this, and strip out the double counting and what i would call these gimmicks, the full ten-year cost of the bill has a $460 billion deficit and the second ten-year cost of the bill has a $1.4 trillion deficit. the most cynical gimmick the bill is something that we all agree on, we don't believe we should cut doctors 21% next year. we have stopped the cuts from occurring every year for the last seven years. we call this here in washington the doc fix. the doc fix according t...

Bill. let's take a listen to him. >> this has a $460 billion deficit. and $1.4 trillion deficit. most cynical gym nick this bill is something we agree on. we don't think we should cut doctors 1% next year. we stopped those cuts from occurring every year for the last seven years. the doc fix costs $371 billion. it was in the first iteration of all these bills. but because it was a big price tag it made it look like a deficit. that provision was taken out and it's been going on in stand-alone legislation. ignoring these costs does not remove them from the backs of taxpayers. hiding spending does...

Congress establish ago bipartisan group to look at the nation's overflowing sea of red ink. was it prudence or an attempt political cover. we report. you decide. here is chief washington correspondent jim angle. >> president obama bowing to national anger over deficit spending signed an executive order creating a commission to tackle the nations debts and deficits. >> there is no doubt that we will have to also address the long-term quandary of a government that routinely and extravagantly spends more than it takes in. >> the president appointed two co-chairs, democrat bowls, a former chief of...

Congress establish ago bipartisan group to look at the nation's overflowing sea of red ink. was it prudence or an attempt political cover. we report. you decide. here is chief washington correspondent jim angle. >> president obama bowing to national anger over deficit spending signed an executive order creating a commission to tackle the nations debts and deficits. >> there is no doubt that we will have to also address the long-term quandary of a government that routinely and extravagantly spends more than it takes in. >> the president appointed two co-chairs, democrat bowls, a former chief of...

Congress, men and women that call, you haven't been calling so much. you want to see great deals. but we have to make the deals fair. you know, with mexico as an example, we probably lose $130 billion a year. now, for years i've been saying -- for the last year and a half, i've been saying 71 billion, but it's really not. they have a v.a.t. tax of 16% and we don't. at some point, we have to get stronger and smarter because we cannot continue to lose that kind of money with one country. we lose a lot with canada. people don't know it. canada's very smooth. they have you believe that it's wonder...