Decifit Spending News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pre-bailout, pre-binge spending levels for funding the federal government. we know that a great deal of hard work and tough decisions lie ahead for every single member of this institution. >> reporter: so jenna republicans are not just expecting the president to tackle decifit spending, they're planning to insist on it. jenna: jim, the white house is talking a lot today about investments, suggesting that the president wants to increase spending in at least some key areas. what can you tell us about that? >> well, the white house mentions education and infrastructure as they talk about investme...

Decifit paid off with social security. that's crazy. >> reporter: and it would be raise crazy if officials were planning to do that. >> that's just not true. any changes made to social security wouldn't take place for years or even decades, and they're designed to fix social security's funding problems, not to deal with today's decifit. so there's just a confusion there. >> it's not even legal, that's not the way the law works. the idea here is to make social security itself solvent, not to make it a piggy bank for other government programs, but to make it a program that can continue paying be...

We face record decifits, a record debt at $12 trillion, and yet, this bill is more decifit spending. bill: this is what's going on, republicans continue the charge to repeal health care reform, just an hour and 20 minutes away from its signing into law. we'll cover that in three minutes. across america, people with diates have...

Go up as much as 77 percent, but a more likely scenario you'd see is a combination of smaller tuition increases , the elimination of certain programs, and layoffs of professors, which educators say would have a sweeping impact. listen to this. >> what's at stake, of course, is the quality of public education going forward. we have to continue to make it accessible, affordable and high quality. and it takes money to do that. >> there are some areas of the budget that we just absolutely cannot cut. we have a prison population of 50,000 people, we're going to dump them out on the people of georgi...

These numbers are unheard of when you look at it historically. there was so much talk about how much needed to be cut, line by line, we were supposed to be a tightening of belts and here we are. bill: now questions where all that money is spent. stuart varney, first the report, what does it say? >> we spent 3 trillion, $600 billion in the financial year just ended, unfortunately, we only took in $2,300,000,000,000, that means we had a decifit, again, second year running, of 1 trillion, 300 billion-dollars. now, what we do not -- there was no spending cutting, okay? spending cuts overall did no...