Page 2 - Cutting Defense News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Storm, you may still be only creating 150,000 new jobs a month. that's terrible. that's a very bad number. that's a number which suggests a very weak underlying economy. now, you fast forward to january 1, we're raising taxes january 1. do you want to do that? >> brian: cutting defense. >> we're probably going to cut defense. we're definitely raising taxes, payroll tax holiday is gone. we're raising taxes on everybody. do you want to do that at a time when the economy is fundamentally weak? raise taxes in a weak economy? not a good idea. this report in one hour is going to tell us an awful lot...

Street before they cobble together something akin to kicking it down the road again. they gave themselves a ticking time bomb and now they look like inspector clouseau trying to take it apart. >> neil: ben stein? >> other than raising taxes, it doesn't terrify me to see the taxes going up on the screen, what terrifies me cutting defense. i'd much rather see the taxes go up than cutting defense. and president obama gave a speech, my way or the highway. >> he said exactly the opposite, i mean, i'm listening to the two of you, i've never been more hopeful about this problem getting resolved. john...

the massacre inside that colorado movie theater now appears to be only part of the horror that was planned. a law enforcement official who seen video of the suspect, james holmes' booby trapped apartment tells cnn it was rigged with more than 30 homemade grenades and ten gallons of gasoline. the source says that would have created a fireball knocking out walls engulfing the entire building in flames undoubtedly killing many more people. cnn's ed lavandera is joining us now once again from aurora, colorado. ed, what else are you learning? there are new developments emerging even as we...

Cutting defense and kprech tax reform that raises more revenues. >> i'm saving $123 billion often years. tell me why that's not true? >> because basically the congressional budget office is required by law to assume that whatever congress says they will do they will do. for example, if they say that they are going to cut spending in medicare, if they say that they are going to end up cutting physician payments, if they say they will not allow the subsidies that the federal government is giving to the less well off to increase, then they are required by law to assume that. on the other hand whe...

Proactive case for this government as what we need. we need $3.8 trillion every year as a minimum threshhold. we need to go to historically unprecedented levels of gdp -- we're going to spend 25% of gdp of government forever because we're getting twice as much government ten years ago that's important to do but he's not making that case. he's making a 99% case, fair share case, it's an emotional appeal in an election year, he's not making a proactive case for the government right now -- >> i want to talk to your point, $4.5 trillion if you let all the bush tax cuts expire, that addresses the q...