Page 40 - Budget Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> do you agree that tax cuts can't be paid for -- tax cuts are not paid for, is that correct? >> i am not for raising taxes on the american people in a soft economy. >> that's not the question. are tax cuts paid for or not? >> you're trying to get into this washington game and their funny accounting over there. you cannot get the economy going again by raising taxes on those people we expect to create jobs in america and to get the economy going again. if you want to solve the budget problem, we have to have a healthy economynd we have to get our arms around the runaway spending going on in w...

>> do you agree that tax cuts can't be paid for -- tax cuts are not paid for, is that correct? >> i am not for raising taxes on the american people in a soft economy. >> that's not the question. are tax cuts paid for or not? >> you're trying to get into this washington game and their funny accounting over there. you cannot get the economy going again by raising taxes on those people we expect to create jobs in america and to get the economy going again. if you want to solve the budget problem, we have to have a healthy economynd we have to get our arms around the runaway spending going on in w...

Economy going again. if we want to solve the budget problem, we've got to have a healthy economy and we have to get our arms around the runaway spending that's going on in washington, d.c. >> i just want to clarify this. i'm relying on what chairman greenspan said maybe if you're accusing him of funding washington games, he says that tax cuts that aren't paid for are not -- they are not can youing the deficit, they are not actually paid for, it's borrowed money. do you believe tax cuts pay for themselves or not? >> i do believe that we've got to get more money in the hands of small businesses ...

Only bringing in less than 15% of gdp and you're spending over 20%. it's almost criminal what the republican party is willing to steal from their grandchildren and our grandchildren. that's the problem, brian. just because it's politically popular. >> let's go back to always spending. let's start by going back to a baseline that's defensible. let's talk about take what's left of the stimulus and not spend it. let's take what's left of t.a.r.p. and not spend it. let's prove to the american people that we're willing to make the tough decisions. >> talk to governor schwarzenegger who still has bi...

What make the economy move. and if this budget problem eventually merges to the point where it begins to become very toxic, it will be reflected in rising long-term interest rates, rising mortgage rates, lower housing. at the moment there is no sign of that because the financial system is broke and you cannot have inflation if the financial system is not working. >> mayor bloomberg, let me talk about the tax cut debate gripping washington right now. political stupidity u.s. style is the headline. can a nation remain a superpower if politics are stupid? start with taxes, he writes. in every oth...