Debt Likelihood News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> well, it's as if our approach is draconian or something. what our budget does is growing spending on average by 3% a year for the next ten years versus president's obama's approach which is to grow spending by 4.5% over the next ten years. we're not really cutting spending, we're simply slowing the rate of increase. to your earlier question, can you cut spending without jeopardying the economy the answer clearly is yes. if we fix the programs that are the drivers of our debt we reduce a debt likelihood. we bring borrowing down which opens up certainty to investors. more to the point we shou...

We're talking about an opportunity to own a home, to have an education for your children. these are things unfortunately cut by paul's budget in the house of representatives. that is not the approach to grow the economy and tame the deficit. >> chairman? >> well, it's as if our approach is draconian or something. what our budget does is growing spending on average by 3% a year for the next ten years versus president's obama's approach which is to grow spending by 4.5% over the next ten years. we're not really cutting spending, we're simply slowing the rate of increase. to your earlier question...

Says, and i agree is, don't eliminate the basic things that middle-income americans need to succeed. we're talking about an opportunity to own a home, to have an education for your children. these are things unfortunately cut by paul's budget in the house of representatives. that is not the approach to grow the economy and tame the deficit. >> chairman? >> well, it's as if our approach is draconian or something. what our budget does is growing spending on average by 3% a year for the next ten years versus president's obama's approach which is to grow spending by 4.5% over the next ten years. w...