Page 36 - Spending Side News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Forget the politics. this is about the next generation. >> this is why i've always liked scarborough because i tell you, he's been absolutely consistent here. michael feldman, let me get back to the politics. hard time getting their usual act together which is they support entitlement reform. that's the position of the party. save money on government spending, especially so-called entitlements. look for ways to save the money. be tough if you have to be. the president basically joined them the other day with his budget saying, okay, now pony up on the revenue side. how does obama get them to p...

But, look, there's a need to deal with the spending side. we all have looked at the numbers not from us but from the congressional budget office, a nonpartisan office here on capitol hill that decides what the projections are. and they say tacks are not going to get to the level they have within the last 50 years but above that level. and spending is going to be dramatically above that. >>? terms of the tacks, let's say a family of four, they make 50 to $75,000 a year, are these taxes, with the exception if you are a smoker, are the tacks going to hit you? or is it just going to be the ones, t...

Assistant to the president for economic policy. as i said, he stuck his neck out tonight. he's a leader, he's saying, look, i can do things on the spending side, make adjustments. we can help reduce the debt over time significantly. now i want to be followed by republicans as well as the democrats in doing something on the revenue side. there are risks to doing this. why did the president take the risk? >> look, because our goal, every day what we do here is focus on what's going to strengthen job creation and help the middle class. and right now, we are weighing down this economy with a seque...

Democrats really lost a budget battle, a budget showdown. now the white house understands there is risk on both sides moving forward. and americans believe more and more like steve rattner and like i believe that we have to stop this generational theft. >> steve, you take a look at both budget plans on a number of different levels and compares them because still quite some differences between them. >> there are differences and the differences are greater i think than they try to portray. both sides chose their base plans. not to rain on the parade but i think this is tougher slog than we might...

Finally going to have numbers we can sit down at the table, look at responsible, meaningful reforms and come up with a bipartisan solution here that will preserve the system for current seniors and save it for the next generation. >> could you be open to tax increases, if that's what it takes? >> you know exrevenues to the federal government and fiscal 2014 are going to be an all-time record level at $3 trillion. the cbo report came out just this last week, so, there's enough revenue, wither back to percentages of gdp of revenue 40-year historical norms much the issue is on the spending side, ...