Page 38 - Spending Side News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How much more does he want? when is the president going to address the spending side of this? >> but simpson and boles, who a lot of people around here think it's really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended. that's a pretty good deal. so you didn't have to give up a lot for that. only 18% of the bush tax cuts were rescinded with that $600 billion -- >> there was no -- >> but wait a second. you committed to more in the way...

Or there can be no deal. >> david, the president got $650 billion of higher taxes on the american people on january 1. how much more does he want? when is the president going to address the spending side of this? >> but simpson and bowles, who a lot of people around here think it's really the paradigm, had a look at long-term debt reduction and they wanted a lot more revenue. you say he got his revenues, end of topic, he got $600 billion. you yourself said we got 99% of the bush tax cuts extended. that's a pretty good deal. so you didn't have to give up a lot for that. only 18% of the bush tax...

Might be open to revenue. are you? >> well, i want to make sure that we look at the spending side of the equation. we already have $600 billion in increased revenue. i want to make sure that we look at the expenditure side. we ought to be looking at reducing spending. a lot of ideas have been put out there on the table. the president speaks on a balanced approach. the balance is $600 billion in new revenue. let's look at how we can reduce this budget. we're talking about reducing it by 2.4%. just decreasing the rate of growth in the budget. we can do that. i am confident that we can do that. >...

Side. that's been addressed. let's sit down and have a serious discussion about the spending side. let make sure we get that done. >> congressman rob whitman, thank you so much for taking the time. >> thank you, chris. senators john mccain and lind is see graham alindsey gra heading to the us what to talk about immigration reform. they outlined legislation last month. senator mccain says the group hasn't gotten specific on the plan and that the president is supportive of their efforts to reach a deal. iencing the pain, it's hard to describe because you have a numbness but yet you have the pa...

Saying let's have sessions -- go to camp david. but let's really dig through the nuts and bolts and the pieces of this to get something done by march worn. >> eric: beyond that, you have had suggested and it's working in kansas, to do something quite remarkable to some people, trying to get rid of the income tax. what do you think you can prescribe to the nation so that we avoid the sequestrations and the financial cliffs and the fiscal cliffs so we can get together and solve this problem? >> you know, it sounds overly simplistic, but for too long, government has focused on the revenue side, b...