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Wants higher taxes and he wants a vote through the election. this plan doesnt have that in it. so, it is a situation where no side gets all they want this is a responsible plan that addresses the urgency of trying to make sure we avoid default, which i knee we will. but then, it sets -- i know we will. but then, it sets in motion a process for real cuts so we can live up to our obligation to the people that sent us here. >> as you heard from the speaker and the leader, this plan is not perfect. ...
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Higher taxes and he wants a vote through the election. this plan doesnt have that in it. so it is a situation where no side gets all that they want. this is a responsible plan that addresses the urgency of trying to make sure we avoid default, which i know that we will, but then it sets in motion a process for real cuts so that we can live up to our obligation to the people that sent us here. >> as you heard fromç the speaker, the leader -- >> to luke russert we go for reaction to very brief c...
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Illinois. i want you to go through a couple of details for the bill youre voting on. i read through the text. heres what i learned. the plan doesnt say exactly what exactly has to be cut, but it has a special exemption for war on terrorism spending. the cap reduces spending to 19.9% by the year 2021, ten years from now, and both the house and senate would need a two thirds vote on a constitutional amendment to balance the budget. and if the house and senate both did not get the two thirds vote, ...
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Party are making progress towards a bipartisan plan. but thats not stopping the rnc from putting out a new ad today, slamming the president and the democrats about a hallmark concern of reform efforts, the failure of either party to end too big to fail. >> step right up. step right up. enter the wacky world of obamas financial regulation fun house. a land of illusion. >> the ad goes on to slam the president for supporting what republicans call a $50 billion permanent bailout fund. remember, the ...
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