Page 30 - Spending Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> that's the house tonight passing h.r. 2560, better known as cut, cap and balance. now it's a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they'll defeat it. if somehow they fail, president obama says he'll veto it. in other words, it's doa which is why a lot of democrats are calling it a stunt and a waste of time. earlier today a ...

reconsiders laying on the table. >> that's the house tonight passing h.r. 2560, better known as cut, cap and balance. now it's a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say they'll defeat it. if somehow they fail, president obama says he'll veto it. in other words, it's doa which is why a lot of democrats are calling it a stunt and ...

That is how democrats feel about the republicans paul ryan kill medicare budget, but the republican leadership in congress, looking at that same data apparently looks at that kill medicare vote from this spring and thinks we did not go far enough. the budget would have capped spending at below 20% of gdp. to get to cuts that dramatic republicans did something as dramatic as killing medicare and a lot more besides. now republicans are saying they won't vote to raise the debt ceiling unless spending is capped at even less than that 20%. they now want to cap spending at 18% of gdp. that's about $...

So we think those are the things that congress needs to be focussing on now. >> you think lit help those groups. ezra, you have been right being this. republicans and democrats putting out competing jobs agenda last week. you are not a big fan of them, shall i say. >> no. the house democrats and center of republicans, note house democrats are in the minority. senate republicans in the minority. only people putting out jobs agendas are those that can't do anything about it. the jobs agenda is they put out for the senate republicans sort of a grab bag of all the different things this they wanted...

Of a problem, they'll figure it out. if they think it's smaller than, they'll go back to their petty, partisan ways. >> but the initial thing they have to worry about is what conditions are going to be placed on the debt ceiling? i'm told the rough parameters are possibly a spending cap for maybe two years, maybe a little bit longer, but the hardest thing is trying to figure out the long-term -- >> hold that thought, we'll take a break, and when we come back, we'll have that conversation. ttd# 1-800-345-2550 ttd# 1-800-345-2550 ttd# 1-800-345-2550 and talk to chuck about ttd# 1-800-345-2550 ro...