Page 22 - Spending Reduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Debt-to-gdp ratios we are quickly resembling those countries we have read about the last year, greece, portugal, spain, ireland, having huge financial problems and this window of opportunity to fix the problem is closing rapidly and that is why we brought our spending reduction plan forward which over the ten-year time period will save $2.5 trillion, we think, it is a good first step and deals with discretionary spending but we have to look at everything across the table, across the board. bill: your district in ohio, you know how middle class america has been hit by this and you understand th...

Nal moments, to do something big here, and that is spinning and debt. >> chris: but the fact of the marries i matter is, you'll have a view which is more than the democrats want, are you willing to shut down the government? >> the only one talking about shutting down the government is in your question. we are trying to get results and the american people would like for to us get results on spending and debt. and, both of these actually provide a good opportunity, because it focuses your mind on the biggest problem other than unemployment we have in the country. >> chris: would you agree that f...

Cutting back anyway is going to have a huge impact on consumer spending. it's obviously politically appealing because you can raise taxes southeru subtly and it again. it will come in at a low percentage and escalate quickly. obviously, there are problems, the europeans have had problems with implementation, with corruption, fraud, there is a lot of issues. ultimately it doesn't guarantee you deficit reduction. the only way to do that is spending reduction. no one wants to touch entitlements so i think charles is right that the v.a.t. is coming. >> without publicly endorsing at the white house...

Tough economic times, people cutting back anyway is going to have a huge impact on consumer spending. it's obviously politically appealing because you can raise taxes southeru subtly and it again. it will come in at a low percentage and escalate quickly. obviously, there are problems, the europeans have had problems with implementation, with corruption, fraud, there is a lot of issues. ultimately it doesn't guarantee you deficit reduction. the only way to do that is spending reduction. no one wants to touch entitlements so i think charles is right that the v.a.t. is coming. >> without publicly...

Latest updates on this topic from reliable sources.