Page 14 - Spending Proposal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Nothing. >> we'll take it away. enjoy the rest of your afternoon. we'll see what we can do here now that you're done. it's a done deal, the government still open for business. democrats and republicans coming together at the very last minute to pass a budget. president obama is expected to sign it any minute now, we'll bring that to you. it funds the government through friday. lawmakers say they have a deal to keep the government operating through september, that's when they start talking about the budget of 2012. it calls for more than $38 billion in cuts, that's what they agreed to from the ...

Next year. they suggested that this has no impact on long-term debt, because it's for two years. look, you know this. the only people that will agree with me when i say this are the economists listening, left, right and center. in the middle of a recession where we're just climbing out of it, the economy, unemployment is still at 9.7%. the idea of raising taxes and reducing spending is a prescription for disaster. no one is suggesting that. >> is the balance to that point -- do you think do we think the balance is out of whack? larry summers, the president's top economic adviser, he says the p...

You're the shuttle-ready projects guy. there should be more investment in infrastructure. should there be more of that before we focus on bringing down the deficit? >> we can do both. let me explain what i mean. the omnibus or the -- i'm sorry to sound like a senator here, or a wonk, but in the spending proposal for next year, we freeze discretionary spending. freeze it. freeze it. we think we have to start by -- all those things were tails on them, long-term impact, we should not be spending in those areas and we should be freezing or reducing. on those issues that have no long-term deficit -...