Page 36 - 87 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Massachusetts senator and former democratic presidential candidate is set to be nominated. so what would that mean for the state department? what would the state department look under kerry and what happens to his senate seat? kelly card -- first off, senator kerry is secretary of state. what does he bring to the table? who what will the state department look like under him? >> brian, he does know a lot of people. he's been in the senate for a long time and always interested in foreign policy. that's the plus side. on the down side, he's all been rather indecisive as a politician. we all remem...

They're just beginning to talk. think of this, the president wasn't in negotiating, he was in detroit campaigning. the senator is right. this president needs to get off the campaign trail. the election is over. now it's time to govern. what's more important, what senator graham is talking about, the president has to start talk being spending cuts. we've already had two months of the new fiscal year. we're $292 billion in the deficit. there's some interesting numbers through there. revenues have increased $30 billion. they've gone up 10%. why that number is important is the president is able to...

If you get $80 billion a year in tax hikes, which is what you get from raising the top two brackets back, that's in one year, that pays for government about eight days, maybe nine. so that doesn't solve any problems. the problems are on the spending side. publicly, at least, the president doesn't want to do anything about spending. his idea of a spending cut is to make the higher income people pay more for their medicare and call that a spending cut. just look at november -- october and november's cbc report, about revenue. revenue was up $30 million. i'm sorry, $30 billion in the first two mo...

>> eric: let's talk about what the americans care about, not the politics, dealing with the spending. the spenning, they would say, is out of control. let's take a look at what happened this past two months noctober and november... the deficit, almost $300 billion, $4.8 billion a day. they had $30 billion in revenue. but the spending is up 3 times that much, $87 billion. how do woe stop the out-of- control spending? how can we get the budget deficit under control? can we do that for our children and grandchildren? >> we don't cut back on medicare and social security benefits that impact middle...

>> congressman, what do you say about that? >> let me tell you what the republican goal is, is to solve the problem, economic problem. and look, the numbers don't lie. we are two months into this fiscal year. we already have a $292 billion deficit. but in those two months, revenues have increased by 10%. $30 billion. you only get $31 billion in the first year when you raise those two rates. but you know what the problem is? we increased spending by 16%, $87 billion. this is more about a spending problem, not a taxing problem. and that's the problem with washington. >> first of all, congressman...