Page 32 - Spending Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

One, not eight or 10, that everybody agrees on and says here's what we want in return for the debt limit. i think it should be something really strong like a spending cap that could require a super majority c; to overturn, something like that. you are not going to get something revolutionary. but you have to start with that. >> sean: i don't know what is worse in my mind i'm getting so concerned about these numbers. is it worse that we default now and get our budget balanced or america keeps continually taking on trillions in debt. it is a dangerous scenario evidenced by the s&p this week. i ...

>> the republicans want to go farther than what they're suggesting. he's not just the spending cap in ryan plan. the republicans talk about balanced budget amendment, the spending cap. the super majority to raise taxes. house republicans are considering the possibility of including some kind of mandatory spending reform, entitlement reform. possibly medicaid in the negotiations gnaw because it has widespread agreement. between democratic and republican governors and something they feel like they can push. they are pushing hard. eric cantor, negotiator for republicans has been aggressive and sa...

On the impact of interest rates, on job creation, on growth would be devastating. >> what is your reaction to that and how seriously do you think the leadership, both parties, have to take the debt ceiling deadline? >> well, look, just as we didn't want to shut down the government, we're not interested in not increasing the debt limit. we are interested in making certain that any increase in the debt limit, which you can't have the united states to default on its debt, but any increase has to be accompanied by structural changes to washington spending habits. we need to change the inertia from...

Quagmire. >> when you folks say no, no vote. no plan, no, that's not america. it is not acceptable. >> give me a break. taxes he's putting out there. he wants our guys to violate core principles. >> and california needed 26 billion to balance the budget. governor brown wanted half in cuts and needed four republicans to put that increase on the ballot . talks broke down after weeks of negotiation. >> even though we came close there are issues impossible to resolve at this time. and republicans wanted a spending cap based on population. no state higher than 100,000 . 50-50 on pension contribut...

Quagmire. >> when you folks say no, no vote. no plan, no, that's not america. it is not acceptable. >> give me a break. taxes he's putting out there. he wants our guys to violate core principles. >> and california needed 26 billion to balance the budget. governor brown wanted half in cuts and needed four republicans to put that increase on the ballot . talks broke down after weeks of negotiation. >> even though we came close there are issues impossible to resolve at this time. and republicans wanted a spending cap based on population. no state higher than 100,000 . 50-50 on pension contribut...