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

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Down for lack of funds. i think that is the more serious of the two issues. >> from a main street perspective, we just finished the holiday shopping season and the sales numbers weren't very encouraging and a lot of analysts said one of the reasons, one of the things that impacted consumer confidence were fears over the looming fiscal cliff. is it possible that regardless of what happens with the house or with this deal that there will be an effect on consumer confidence and spending down the road? >> well, i think we are going to see in effect spending and perhaps consumer confidence just bec...

The government does a great deal of actual in effect spending through the tax code. the mortgage deduction is one that everyone's familiar with. if you are taking the full mortgage deduction on over a million dollars of mortgage, you can be getting from the government in effect $50,000 or more in a given year to pay for your housing. the president wants to go in to the tax spending side of our spending. do you think he can actually make some sense to the public in that area, which is not an easy area to follow? >> i'm not sure. you're absolutely right. tax expenditures, tax spending is over $1...