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Mandatory. and the medicare cuts are disproportionately deduction necessary the amount of moneys we pay doctors and hospitals for providing the services which means we will have fewer doctors and fewer hospitals available to do these things for medicare patients. >> and you mentioned the things that will kick in with sequestration. that's what happened if they didn't reach a deal. we heard the president say today if there is any effort to go around sequestration, to go around the painful cuts that kick in, he's not going to go for it. he said there are no easy off-ramps here. what do you think...

Increases. boehnor has repeatedly stressed that it is impossible, it's impossible for him to agree to a deficit reduction package that does not include tax revenue increases, because it doesn't have the votes for it. here he is today. >> but the american people will not accept and the house cannot pass a bill that raises taxes on job creators. the house can only pass a debt limit bill that includes spending cuts larger than the hike in the debt limit, as well as real restraints on future spending. >> so, if the president can't agree to a bill that doesn't include tax revenue increases and boeh...

They'll be able to get past any legislation that dramatically increases the deficit in exchange for spending aid. >> reporter: and some liberals are not happy with the way they got there. for instance at least on paper the democratic bill saved $12 billion by reducing an increase in food stamps beginning four years from now which was in last year's stimulus. it contained $2 billion in loan authority for solar power projects also in last yore's stimulus. liberals weren't happy about that either. highway projects were also delayed perhaps to make house democrats a little happier. it also elimina...

How do we get a grip on future spending? how do we bring in more money to the treasury? the two sides are poles apart. an agreement before the election looks at this point to be highly unlikely. bill: back to the report now which shows that we had higher tax receipts going into washington. >> yep. bill: higher tax revenue and slightly lower government spending from year to year by about a smidge. >> yep. bill: in this case how big is a smidge? >> a smidge is about 100 billion. the deficit for the financial year that ended last september 30th was about 1.3 trillion. the deficit for this financi...

"the five" starts right now. >> raising the debt ceiling simply gives our country the ability to pay the bills that congress has already racked up. i want to emphasize that. the debt ceiling does not determine how much more money we can spend. it simply authorizes us to pay the bills we already have racked up. >> did you hear that? that was president obama just a few hours ago, saying at this debt ceiling wasn't going to allow us to spend more going forward. you know, there's a problem, because it does. that's exactly what it does. so mr. president, either you're disingenuous to the american p...