Budget 2012 News Today

Budget 2012 was the first budget of the Fine Gael/Labour era.

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With every passing minute it seems less likely lawmakers will reach a deal on this years budget, which could force a government shutdown. then theres the new heated debate about reshaping government into the future. the republican plan to cut the deficit and remake medicare and medicaid over the next ten years. joining me with the latest on negotiations in washington is someone whos seen it all, the assistant house democratic leader congressman jim clyburn. always good to see you, congressman. g...

Its the tea party blowing up a reasonable compromise here. >> two quick points, ed. >> really quick. >> last years budget. when the democrats controlled that, everything, couldnt adopt a budget. >> doesnt matter. they should adopt it now. >> the president wants $61 billion in cuts and willing for that number. those are the facts. >> their laiders said they would compromise at $33 billion. everybody knows that and the tea party blew it up there you have it from former governors rendell and pataki...

Deficit reform. who is to blame here, and is there some credence to what paul ryan is proposing? >> youre asking two questions. number one, remember, the government shutdown is on this years budget. its a relatively small amount. the compromise -- >> less than 1%. >> right. a compromise should be made. the problem is, speaker boehner says $33 billion in cuts will do it and then renege on that because he didnt have the votes in his own caucus and, yes, governor pataki, that was because the tea pa...