Page 8 - Fiscal Cliffs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Which is real bold, i will quote, jonathan chat who says paul ryan's budget even while employing fanciful projections didn't balance the budget until 2040. moving that up by 17 years changes the plausible level from level union corn to level unicorn being ridden by santa claus. your thoughts on that? >> there's a larger point. have republicans -- i'm not suggesting they're not embracing austerity anymore, but there's an acknowledgment here. we're talking about there used to be a time they wanted a balanced budget the year after, next year, the year after. i do think there's been a fundamental ...

Some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does he not want to take advantage of the power he has to try to advance this, to get more robust economic growth independent of his misgivings about his partners here on capitol hill. >> chuck, i think it's fair to say that harry reid was somewhat marginalized during negotiation biden sort of swooped in to save the day. what do you see as his role going forward as we edge toward these upcoming fiscal cliffs? >> i still think harry reid...

President! and then the president said to him, mr. speaker, i'm getting tired of you telling me that. but look, to say we don't have a spending problem would be like the greek president saying we don't have a debt problem. the first stage of recovery, steve f an addiction is to at least acknowledge that you got a problem. and maybe that's why these negotiations broke down, because the speaker told me not once during all of those five weeks was the president ever really very serious about cutting spending. >> steve: the president said we don't have a spending problem. health care costs so much ...

The medicare doc fix and that s avoiding a scheduled 27% cut mckinley reimbursement for medicare services for are one year. that would also boost the deficit. also a place for the sequester, the across-the-board cuts that would hit the pentagon and domestic programs but only replaces that for two months and that was one of the biggest fight on the senate side before the senate passed this piece of legislation. right now you are listening to jim rand, democrat from maryland. let's listen in. >> we will have none of those resources to make that investment after we make this vote tonight. and the...

Avert so-called fiscal cliff. but what is in it? one hint, your paycheck is shrinking beginning as soon as this week. what else is in the latest gift from congress and the white house? we'll talk about that. and i'll also tell you what congress did not do to help people affected by hurricane sandy. plus, new evidence a little extra weight might not be such a bad thing, but don't break those resolutions and start eating the junk food just yet either. bill. bill: it's too late for that. jon: oh. bill: serious victim over the holidays. see you, jon. jon: see you. bill: this is not your average ho...