Page 25 - Budget Control News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Haven't had budget control in effect over the last several years. the budget control act of 2011 put rigid spending cuts that are in effect -- that were in effect last year. we cut $1 trillion. we didn't like it. it was much more of a republican type proposal than ours. in effect, it expires this year. so we need a budget. but second, it's going to be a great opportunity for us. because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with s...

Ceiling hostage, but second that it shouldn't be one for one cuts, you know, boehner used to say that, the house proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. on the budget -- >> on the spending reform measures, you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case....

Forces really define their divisions every day, no matter what's on the floor. i would say that the people who have got their hands dirty voting for that last night, house speaker john boehner, budget committee chairman, paul ryan, they knew that kevin mccarthy, the whip, and eric cantor, the majority leader, wanted that to pass. so the people who got to vote against it still wanted it to pass. so that is really a big tension about who had to take, you know, the dirt, and who got to indulge themselves to vote against it. ultimately, though, as they look forward to the debt ceiling vote, they'r...

Or hurt the economy. most people believe that it will hurt the economy. he gets more free rides than a hot hitchhiker. at some point, we have to question president obama's obsession with a certain segment of the population. if the rich were justin bieber, obama would be arrested for stalking. >> eric: that is another great line. >> bob: one thing he has going for him is the polls that are out, two things in the polls that just came out from pew and abc, "washington post," people do want spending cuts. they think it's very important. but they overwhelmingly favor increase in taxes. >> if you do...

$2 trillion in savings from the debt over ten years. >> well, i think the president says that in order to get a balanced approach and really deal with this issue you need more revenue. the president has been willing -- >> do you think they need 1.2? >> well, no, i think the president is at 1.4. which is less than simpson-bowles, which is less than the revenue net in simpson-bowles. but chris, here's an issue. the speaker keeps talking about these cuts. the president already agreed to adopt a trillion dollars in cuts as part of the budget control. he has called for another $600 billion in cuts ...