Page 27 - Spending Programs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Debate over these programs. we've had that debate before. i think this will ensure we'll have that debate on the senate side. that's the good news about it. >> we've had back to back republicans, tom cole and senator chambliss both indicating, sort of in positive language, they would be receptive to elements of what the president of the united states said yesterday. what, in your estimation, is the biggest difference between this proposed grand bargain that has been articulated and the grand bargain of two years ago that almost came to fruition? >> i think there's a difference in how grand it ...

We've just been discuss stph-g. >> i think focusing in particular on chained cpi the point about the changes to social security being used to lengthen the life of social security and fix this program, which is on a none sustainable path makes sense. i think it would have been better if the president's budget had a full fix to social security reform, but on chained cpi in particular it is a very sensible policy that talks about how right now, the way we calculate inflation, and it's not just for social security, it's also for taxes and other spending programs, actually over states inflation. th...

Office said the federal budget would be if we kept all current spending programs in place and growing at their normal rates. so the president is increasing the rate of government spending. not reducing it, but increasing the spending. in fact if you compare the congressional budget office says over the next 10 years we would spend roughly $47 trillion under what is called current law. there is about a trillion dollars worth of gimmicks in there that the congressional budget office pointed to. so the real level of spending under current law is $46 trillion. that is what the president's budget c...

President was maybe taking a new path, one of balance he is been talking about the past five years works he want tax increases and spending cuts. he has provided no he details to spending cuts and now he wants quote, entitlement reform. what is he calling for? calling for a reduction in the cost of living increases for social security, and on medicare, the single biggest federal expenditure, the number one thing that the feds spend money on, the main reason we have the multi-trillion dollar debt. he wants it curtail benefits to rich people. that's it, that's the reform. and more of the same. n...

>> if you are right, you are attracted to someone who doesn't have the liability and getting someone back from the government. >> i don't want to cut back. >> i don't want to learn the income tax. there good spending programs, but the things that have refundable credits. can we agreo that? those tax expenditures. >> the tax expenditures that feature diffidents and have the cayman island stuff, do you agree they should be cut in the interest of context. that's the space we want to use to get a fair one. are they said in a budget,