Page 16 - Deficit Cutting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spending cuts, but now the non-partisan congressional budget office has taken a look at it, and discovered that it's actually for this year just $352 million, with an m, dollars in deficit cutting, spending cuts, for the rest of this year. isn't this one of those issues where washington has a credibility problem with the american people? it affects everyone's house. how do these spending cuts end up being $352 million this year? can you explain? >> good morning, savannah. good to be with you. you have to realize that we're more than half way through the fiscal year when this bill takes affect....

Modification of the costs of medicare and a tax increase for the wealthy to offset that. so in other words we're being nice tore people than the nicer to people than the republicans. is that a strategy? is that the strategy? >> the thing is, maybe the white house planned it all this way. >> you think they might be bs'ing this? >> well, i think -- >> when did they fill you in on this before or after this weekend. >> way before. >> richard writes the definitive books, so i'm sure he knows. whatever the preplanning was, the good thing for the president in this situation, even though he doesn't --...

Then they'd have to put something on the table in terms of entitlements and taxes to those conservatives watching right now, not just entitlements but taxes too at this point. that's not to say the debate will end on wednesday. it's the first shot of a very long debate. >> is it smart to let them say we're going to get rid of medicare and then say no, as opposed to getting rid of health care for people over 65 in this country, we're going to offer some combination of modification of the costs of medicare and a tax increase for the wealthy to offset that. so in other words we're being nice tore...

>> richard writes the definitive books, so i'm sure he knows. whatever the preplanning was, the good thing for the president in this situation, even though he doesn't -- hasn't been controlling the debate because it's been about deficit cutting. which is not the democrats' thing. >> domestic cutting. >> yeah. the good thing for the president is the paul ryan medicare plan. because it makes people angry. first of all, it scares seniorsç >> it should! >> yes, and it should. but at the same time it exempts 55 and over, so it's going to really annoy younger people who are going to at some point s...

So before the break we asked, who cheats more on their taxes? men or women? take a look. according to cnnmoney.com, men, you win. the breakdown, 64% of men cheat compared to 36% of women. in two minutes we're going to have some important tax tips regarding he ining health care changes. first, deficit talks. expect to hear a lot of this in the upcoming weeks. the president is expected to lay out his long-term deficit cutting plan possibly on wednesday. sandra endo, what is the president expected to say? why has he decided to do this now? >> well, deb, it's really the next big hurdle congress ...