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Wanted to run against more than the chairman of the house budget committee. he is the architect, as you well know, of the republican budget on medicare, on what to do about government spending. the obama team has already put out a web ad that i'm sure will be coming to a tv set near you, and this is an excerpt of it. >> a paul ryan medicare plan turns medicare into a voucher system. >> the paul ryan budget which cuts aid to the disabled, aid to immigrants children, which cuts aid to the elderly. >> the cuts here are so dramatic, they are so painful. >> the democrats might call that the rap she...

Will be some reduced spending not nearly enough but real reduced spending that i think can be enforced. maybe a half or less than half of what we really need to do to get our country on a sound footing. it is not a debt ceiling that is a big issue. the debt ceiling is a process and opportunity for us to discuss the overall debt trajectory that is dangerous for america to give us an opportunity to reverse the trends. that's some progress driven by the last election but not enough. >> is there any sort of -- as you put into the power presentation or in this plan so that in the next congress we a...

Will be some reduced spending not nearly enough but real reduced spending that i think can be enforced. maybe a half or less than half of what we really need to do to get our country on a sound footing. it is not a debt ceiling that is a big issue. the debt ceiling is a process and opportunity for us to discuss the overall debt trajectory that is dangerous for america to give us an opportunity to reverse the trends. that's some progress driven by the last election but not enough. >> is there any sort of -- as you put into the power presentation or in this plan so that in the next congress we a...

Reform would send a message to the job creators we're just not serious about stopping the spending addiction going on in washington. >> ahead of tomorrow government monthly jobs report, the private adp survey says the economy did not meet job creation expectations in may. it has been a bumpy week on wall street which left the speaker with a sense of urgency. >> it's pretty clear to us if we don't act soon and get the fiscal house in order the markets will act for us. >> already, moody's investor service determined the heightened polarization in washington increased the odds of a short-term def...