Page 5 - Cut Backs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And the state is the most in doubt out of the 50. so you've got a lot of cost-cutting going on, at the same time, you had this massive influx of low income people from the public housing developments into the new neighborhoods and the crime began to surge. and you had a lot of anger in the police department over the job cut backs. the fop was quite upset about that. that colors everybody's perceptions. i've had police officers calling me to talk about how the statistics have been monkeyed with, and that's the sort of thing that's not good overall for the kind of law enforcement or public perce...

Higher prices now for a couple of consumer favorites. >> yeah. well, they're my favorites. so the big issues that we may see that we're talking about today is coffee bean prices may go up and also the cost of chocolate may go up. and so the coffee bean prices may go up because brazil, where 1/3 of the coffee is produced in the world, has had a spade of very bad weather. it wiped out a bunch of the crop. so we're going to see more volatile swings in the coffee prices. in terms of the chocolate, it's just that consumption is really rising. places like china are starting to buy more and more choc...

To fade. just to throw some numbers at you, common estimate is that fiscal cut backs cost us 1.8 percentage points of growth this year. in other words, we'd be growing 3% absent that austerity. because we're not scheduled for any new austerity, that suggests that that headwind will fade considerably and that should be good for the coming year. for the federal reserve, i think there's a strong underlying desire to dial back the money printing, the quantitative easing as they call it. i think this report gives them the excuse they need to start that process if not in december then certainly by m...

But bob dole with newt gingrich right there and that's what people saw. this isn't what they wanted in their leadership. >> eleanor, take us to the nuts and bolts of medicare spending and what was the 1995 shutdown about? >> well, the president had endorsed a balanced budget in the spring of that year, and so the debate was not about whether the budget would be balanced, but now and the republicans had cut backs in medicare and so it became a confrontation over whose values do you support. the republicans versus the white house. and so in retrospect, it looks look a knignice setup for presi cl...

This is a congressman from arkansas, i believe. so here are the headlines on the wic program, which is nutritional assistance for women and infant children. s there there is a republican congressman from arkansas saying, okay, let's just do funding for wic. it's like, what's the headline today that's bad about the shutdown, and then the next day, here's a mini cr to fix that thing. >> i think the thing that -- i think republicans are deluding themselves if they think this message is getting across to the american public. i mean, look, the bottom line is, if the story is big enough to force peo...