Page 29 - Spending Programs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Have a spending problem? let's not talk about earned ente entitlement. but a spending problem they refuse to fix? >> i don't think we refuse to look at it. we are spending a lot of money because we are in the midst of a terrible wall street caused recession. where real unemployment is close to 15%. and if we do not expand the food stamp program, children in america go hungry. and if you do not provide unemployment compensation, workers will be out on the street having lost everything. historically what happens when you're in the midst of this terrible, terrible recession, and, again, real unem...

$600 billion, $600 billion to $800 billion in revenue by raising the tax rates. in an economy where we are talking about a $16 trillion debt that is going to grow to 18 or are $20 trillion the next ten years it does nothing to address that and as lindsey graham said the only chance that republicans have to really deal with entitlements which are the main drivers of our debt but also other spending programs is to really dig in as he said, have the courage of their convictions when it many coulds to raising the debt ceiling which is going to come in about two months so we won't have long to wait...

Massive tax increases that the democrats would like to have. bill: what speaker boehner said a few moments ago seemed like the white house was not even offering one-to-one, revenue to spending. the president said the other day he's two to bon or 2.5 to 1. what is it? >> you have to take into account that he wants to increase spending. he has all these new spending programs that he also wants to add on top of this. the mass phraeudz out ithe mass plays out in such a way we'll have a massive multitrillion dollar tax increase without action. the dares ticking. the united states senate is going to...

Good morning, mr. bowles. >> good morning, chuck todd. how are you? >> i'm good. let me start with this. why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar propo...

People making a half million dollars a year. the president will say, okay, but we'll only discuss -- we'll think about, we'll promise spending cuts in the future. it will be a way of kicking the can down the road. martha: charles krauthammer have a will the more leverage than republicans realize. the president does not want us to go into a recession. we'll talk about that coming up. bill: democrats are all about tax hike and republicans argue massive spending programs like medicare and social security must be dealt with in any kind of deal if you want to bring count deficit today. south caroli...