Page 2 - Spending Component News Today : Breaking News, Live Updates & Top Stories | Vimarsana

police are urging folks to stay off their cell phones just in order to keep those networks free so some of the people in the area can call their loved ones, call their family, tell them they're okay. but on top of all this, a person dressed up as a policeman walked into this youth camp attended by 700 people and just opened fire. everything is unfolding as we speak. i want to go to nima. bring us up to speed as far as what's happened. does the number seven fatalities, does that number even still hold? >> our understanding, brooke, is that death toll will definitely rise. emergency se...

A plan. i do think that something will happen oher the next few days relative to the revenue piece and hopefully we can rescue most americans from a tax increase but what we haven't dealt with again is the spending component. and so again we will go through this for another two and a half months. our economy will not be what it should be. america's quality of life will be lesser than it should be. the programs will continue to weigh us down and what we need is action. we have known this is happening and, yes, the american people should be disgusted with washington because it is our own making....

Hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republi...

Happened in the past where you cut taxes and then raised spending. this is cutting taxes and cutting spending -- >> okay -- >> when you take that -- >> i take your point. let's get down to the spending component. you say you want to take government spending from 24% of gdp, where it is now, all the way down to 18%, according to the wall street journal, that would mean $twenty1 trillion a n annual spending cuts. where are you going to get $1 trillion a year? >> well, chris, they are spending $3.5 trillion in federal outlays and they are taking in dle 2.2 trillion. recently, the president obama ...