Page 24 - Spending Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Done. and the reason why we are here is because both parties have acknowledged that we cannot default on our debt. we cannot. we have to keep the commitment that we made to our creditors, our veterans, our seniors. that's the reason why we're here, because both parties have acknowledged that we cannot allow this to happen. now, we do have a spending problem, and both parties need to acknowledge that in order for us to actually work on them. i've seen the budget over and over and over again when i was in washington. i couldn't believe how many programs, duplicate programs there were. programs t...

Him after reaching a deal with president biden. my panel joins me now. so former congresswoman mia love, what do you think? what do you think of the deal? do you think republicans have the upper hand here or that president biden did? what do you think? >> think the american people got the upper hand -- >> so mccarthy. >> no. no, no, no. we're here and it's a good thing that we're actually getting this done, and the reason why we are here is because both parties have acknowledged that we cannot default on our debt. we cannot -- we have to keep the commitment that we made to our creditors, our v...

It is truly a spending problem. you're looking at spendingndin versus revenues as a percentage of gdp. we are clearly cavenue, and in territory now that says you can't raise taxes high enough and solve the problem we have with ourt. deficits and our debt. so the answeso ther is you've gl to reduce spending, pay the very first bill thatl introduc congressery is pretty simple.if simply says if congres congs doesn't balance their budget, you don't get paid. >> i spent twenty eight years in business business as well,.ib you know, if you don't balance we have gets in business, cou don't have a busi...

Coming in. but when the democrats were in power they spent the most money. so we have the most expenses going out. it is not a revenue problem, it is a spending problem. the highest amount of debt. don't you think it would wake them up to the sensible? i just heard on cnn that 60% of americans believe the debt ceiling should only be raised after you found savings. so to your question, your question, i think we're representing the american public and that's what we'll continue to do. i have to open up the house. appreciate spending time with you. we'll continue to keep you updated as we go and ...

First of all, let moe me tell t american public. we're not going to default. we're going to solve this problem. i will stay with it until we can get it done. let's be honest about this. we have to spend less than we spent last year. it's not my fault that the democrats cannot give up on their spending. you would think -- you have the most revenue in the history of coming in. when the democrats were in power, they spent the most money. we have the most expenses going out. it's not a revenue problem. it's a spending problem. you have the highest amount of debt. don't you think that would finally...