welcome back to new day. it is wednesday, october 9th. let s bring you up to date on the latest news. the white house said to be opening the door to a temporary solution to the debt ceiling standoff, a short-term spending increase. president obama says he is willing to talk, even on republicans terms as long as congress acts first to end the government shutdown and raise the debt ceiling. months of turmoil followed in egypt. officials tell cnn funding to help egypt to uphold peace counterterrorism are expected to continue. the u.s. gives egypt $1 billion each year. eight democratic members of the house among 200 people arrested at a washington, d.c. immigration rally.
what else is included in these numbers? besides costumes, there s all sorts of decorations and candy. the spending on candy is really we ve seen a increase according to the national retail federation on that as well. really going back to the macroeconomic terms, people really experience this term called frugal fatigue. so they were sick of not spending for so long that now they re going gang busters for the holidays and you ll see that spending increase. heatha, fascinating stuff. thanks for coming in. thanks for having me. today s tweet of the day comes from molly wood out in california. just had a little earthquake. luckily the government is all over that. oh, wait, she included a picture from the usgs website that says they have suspended most of their operations because of the furlough.
them this spending increase and give them all additional irs employees that they are asking for, especially since they continually waste the money. with all due respect to congress, congress has the job of oversight, and we re talking about years and years and years of unbelievable spending by the irs in conferences. they are really parties. if you work here in this town, you know they are parties. the budget a bit flat, and took over congress in 2010. we started putting budgets down and started cutting spending. nancy pelosi, controlled congress from 2008 to 2010, when they had bigger budgets. the reason we know these things we all know. congress, over the last two years, has been doing oversight. the reason we know about the urs scandal, congress had the inspector general do the study. congress did this oversight and uncovered this, but the majority
them this spending increase and give them all additional irs employees that they are asking for, especially since they continually waste the money. with all due respect to congress, congress has the job of oversight, and we re talking about years and years and years of unbelievable spending by the irs in conferences. they are really parties. if you work here in this town, you know they are parties. the budget a bit flat, and took over congress in 2010. we started putting budgets down and started cutting spending. nancy pelosi, controlled congress from 2008 to 2010, when they had bigger budgets. the reason we know these things we all know. congress, over the last two years, has been doing oversight. the reason we know about the urs scandal, congress had the inspector general do the study. congress did this oversight and uncovered this, but the majority
budget that he submitted yesterday, really doesn t do anything about deficit reduction in the long-term. take a look. here are the two plans. one work the paul ryan plan. it s in red. then you got the president of the united states plan in blue. as you can see, the spending over the next ten years or so, as you can see, the president of the united states, spends a lot more than paul ryan. here is the congressman with greta van susteren last night. we have a trillion dollars deficit. we ve got a debt crisis on the horizon. and it s spending driven. so what does the president propose? $1 trillion spending increase. only to be eclipsed by a $1.1 trillion tax increase. i don t think he learned the lesson of economics or of history and he continues to repeat the same mistakes that have been made and if we have any value, republicans, house of representatives, divided government, it is that we re not going to help him repeat these mistakes. brian: right now we understand that paul ryan