Page 44 - Deficit Hawk News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Moving forward. we got $600 billion in the fiscal cliff. republicans are going to make a decision to include revenues or whether or not they are going to make a decision that is better to do no more reduction over the second term. if it is what it takes to keep the president from getting more tax revenues. >> let me ask this. what i hear you saying is deficit reduction. it seems as though we have a president who is legitimately a deficit hawk. he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it...

You know, clinton was playing to newt's ego, knew that newt would take him up on it, let's do those things. but it actually did sort of help forge a relationship. if i'm the president, if boehner won't do it, fine. and i don't think he's got the standing to do it. give me paul ryan. >> okay. sam stein. >> yeah, i mean, i think chuck's right already. if you look at what's happened over the past couple years, we've done a piecemeal approach to deficit reduction. the first was obviously raising the debt ceiling in 2011 which led to $1 trillion in reduced spending levels. and now we have $600 bill...

Revert to 39.6% from the 5% now but it would go up for lowest income earners. reverting from lowest rate to 15% from 10% now. for investors, capital gains rates would revert from 20% to 15% now. depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. but, if you're a deficit hawk, you might be happy with this news. the congressional budget office estimates that with all of these new tax revenues, plus those mandatory spending cuts kicking in january 1st, that would all cut the deficit in half next year to about $600 billion. kelly? kelly: we would go thr...

Anything on the opinion pages of "the wall street journal." but i'm a deficit hawk, as a progressive, i know that social programs can only be sustained in the long-term if you have a balanced budget. which is what bill clinton and his folks did. so if you really want to be serious about this, you have to attack the deficit. this is the fairest way to attack the deficit of any system i have seen in terms of taxes. in terms of cuts evenly spread. there are bad cuts there i don't like as a progressive in human services. but everybody is going to have some sacrifice. and i think going over the fis...

Of a deal, but the deal has to be the right deal. and i still believe that it's safer, if you're on the progressive end of the political spectrum, to go over the fiscal cliff than it is to agree to some of the things they are talking about. raising the medicare age is a complete -- it's a ridiculous policy. here we have a universal health care policy that works with low administrative costs to take people off medicare by making the eligibility age 67 is just stupid. is bad policy. so that's the kind of stuff you've got to watch out for. i personally think you'll get a lot more deficit reductio...