The war over spending
January 2nd, 2011
08:31 AM ET
4 years ago

The war over spending

NEW YORK (CNNMoney) - Stock up on lint rollers, because the fiscal fur is going to fly when the 112th Congress gets under way Wednesday.

A number of contentious tax and spending issues are on the docket, and factions within each party are ready for battle.

The fight over spending is likely to come to a head by March. That's when temporary funding for the government expires and when the country's debt load will be very close to surpassing the legal debt limit. (Senators: 'Put up or shut up on debt')

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Filed under: Congress • Taxes
soundoff (2 Responses)
  1. Wire Palladin, S. F.

    Republicans get a lot of press out of reducing spending, yet, when they controlled everything, spending went up, the size of government increased, and the national debt ballooned. They left us tax payers bailing out their wealthy friends on Wall Street, along with the too big to fail banks. Republicans are responsible for unfunded wars, tax cuts that generated no jobs, bigger government, and an unfunded drug program. A few weeks ago, their cry was, "Where are the jobs?" Now they took over the house, we find they do not have a clue how to create jobs, other than making the Bush tax cuts permanent.

    January 2, 2011 10:38 am at 10:38 am |
  2. jmc 61

    just look at history , greeks and romans, we are no differnt , ceruption, greed , power , the little man is slave to corprate america, The country as we know it is coming to a end , the state i live in we already paying 4,00 a gal. of gas milk is $5.00, bread is $4.00 and at sume point the poor will not aford food or basic item to servive in this world, just like in the roman days. and with that said all the money and power wont protect the rich either , it will all come crashing down

    January 2, 2011 10:40 am at 10:40 am |