Page 6 - Budget Window News Today

Wed live at the budget control act numbers. we promised them we would. were now two years later, and in this bill were saying were going to make up for all this in the last ten years of the next ten-year budget window. how many people would really believe that? you know, were dishonest with the american public. number two is theres so much waste. theres a quarter of a trillion waste just in the discretionary program in the federal government outlined by the gao. thats not their number, thats min...

Funds which are medicare and social security, earned benefits there, and medicaid, which is the largest of the entitlements, youre looking at a 79% growth. and of course that is over a ten-year period of time, which is the budget window. >> you want to see entitlement reform? >> we need to put that on the table and say, how do we come together for the good of the american people, for future generations, for our solvency and get this out-of-control spending under control and do that in a way that...

On new revenues, which is code for new taxes. what has, again, gotten lost, taxes went up on january 1st. we had one of the largest tax increases in history. he has about $600 billion of new taxes during what we call the budget window. he has revenues. the government will take in more money this year than it ever has before in its history. this is -- weve never had as much money as we had this year. we still run a $00 billion defic deficit. >> are conservatives ready to deal, though, to bargain?...

Go down the chute and right down boo the water. a toll disaster. it would have been great to have let that go on its own. by the same token, if we come out of this where the president of the united states, who in his latest budget is talking about spending $3.8 trillion compared to $3.5 trillion from the house republicans, and he has to admit, we have to rein in entitlement spending. >> hes admitted. that hes been open to an i crease in retirement age. >> he has not done anything other than talk...

It seems to me that republicans know, they really messed up on making that the be all and end all. >> i think there is a strategic question. it is like a guy trying to fly flapping wings or something to go down the chute and right down boo the water. a toll disaster. it would have been great to have let that go on its own. by the same token, if we come out of this where the president of the united states, who in his latest budget is talking about spending $3.8 trillion compared to $3.5 trillion ...

That ive heard that you -- you were involved with some other senators with some meetings this week. where are we on this? is there going to be the so-called grand bargain? is anything -- any progress been made? >> well, what im trying to bring to the table here is, first, defining the problem. appreciated the president reaching out and appreciate the president and his staff continuing to engage us. and, you know, i realize the white house is eager to get toward, you know, putting solutions on th...

>> but none of that saves you money this year. >> actually, it saves you money within the budget window. we can still, by the way, do some of the sequester. theres still fat in the discretionary budget, but the real drivers, again, are long te term. and you begin to gradually change that, you change the fiscal outlook of the country a lot quicker than you do with sequester. >> john heilemann is here in his tom ford jacket, and he has a question for you. >> congressman, im a little confused about...

Their discussions. if you look at it, its accurate. if you look at the offer that the president made in mid-december, or if you look at the presidents budget, he actually accomplishes a shared debt over the budget window. and it involves tax increases and spending cuts. where i think the hi pock k hi is so clear here, its -- im thinking of the congressional budget office, major scorekeeper in this town agrees. you simply cant achieve a sustainable budget without both. we have a group of republic...

That they promised when ryan was brought on the ticket, that there was going to be some heart truths. what was a hard truth that you heard that you think the american people would be uncomfortable but had he to deliver it? >> right off the start, in terms of defending the budget, they want an offset on medicare bau president obama has passed a law that loots medical care to the current budget window to pay for the unpopular partisan health care law. thats a fact. it is paul ryan and governor rom...

Course has been a budget hawk throughout your tenure in the house and now the senate. thank you very much. >> thanks for having me. >> great to have you here. what should paul ryan say when joe biden goes after him on how devastating, these are bidens words, devastating the budget cuts would on discretionary domestic spending if he sticks to the defense entitlement and tax postures that hes outlined? >> well, a few things, andrea. one is the simple fact that over the ten-year budget window of th...