now, senator reid is out there with, eric pointed out, a plan that gives a plank check to the president, and it would be great if they had alternative plan and i haven t heard that from the senator and that would be a good sign to say he s on board with not raising taxes and giving blank checks to the president and that should be the next question put forward to senator reid. jamie: you mentioned the president saying in his speech last night americans don t want toy dysfuncti a dysfunctional government. i want you to listen to this: president barack obama: the american people may have voted for divided government but they didn t vote for a dysfunctional government. so i m asking you all to maker voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve the problem through compromise, send that message. jamie: apparently, folks are,
bill: so they say, and president obama is not backing down, on wanting america s wealthiest to carry a bigger burden on the debt deal and house republicans say tax increases are a nonstarter and the latest talked-about plans, one in the house and one in the senate, neither calls for more taxes and doug mcelway is live on the hill to follow that. a bouncing ball. what is the latest? reporter: you know, bill, as speaker boehner left the capitols last night after the conclusion of his remarks he was overheard telling a security guard i didn t sign up for going mo mo mono mono against the president of the united states, and, the president calling for revenue increases, though his own senate majority leader, harry reid called for none and, the president and speaker boehner, back-to-bark. president barack obama: let s ask the weatherest americans and biggest corporations to give up some of their breaks in the tax code and special deductions. this balanced approach asks
plan, cutting $3 trillion over the next ten years, and raising the debt limit by more than $2.6 trillion, and no tax hikes, reid s plan includes more than 2. trillion, over the next decade, raising the debt limit by $2.4 trillion, and, also, no tax hikes in the senate plan, being talked about, jamie. jamie: the president called for those, though from the wealthiest americans and meanwhile, we learn one debt plan still on the table could take a big bite out of senior social security checks. remember the gang of 6? their plans saved money by changing the way the consumer price index is calculated, to keep inflation rates from rising too quickly. and, analysts say the deal would cut the deficit by 200 to $300 billion over the next decade, and, that would mean benefits, ten years from now, would be 3% lower than they are today. after 20 years, benefits would drop 6%. bill: you heard the blame game, it kicking into high gear,
everyone to give a little, without requiring anyone to sacrifice too much. the president often said we need a balanced approach which in washington means we spend more, and you pay more. you run a small business, i know the tax increases will destroy jobs. reporter: with acting one week to go before the august 2nd deadline both sides still engaged in the high stakes stare down contest, and no one willing to blink and the bottom line, though, bill, is that there is considerable doubt that the reid plan in the senate has enough votes in the house and the boehner plan in the house has enough votes in the senate. that is where we stand. bill: okay, so there is another senator working on a deal, which senator is that, to prioritize the payment of u.s. bills if we go past august 2nd. reporter: senator pat toomey doesn t believe the u.s. will default even if the debt ceiling is not reached on august 2nd.
and so over the weekend i worked with harry reid and mitch mcconnell, to put together a bill that can pass the house, and pass the senate. and, we were doing fine, until the president decided, no, no, i want all my money up front, i don t want to have to go through this a second time. and, all he wants is a blank check and i believe if we pass the bill through the house in the next day or two, i believe the united states senate can pass it and the president will get to decide whether he is going to sign it into law. jamie: speaker boehner said, too, that the house passes tuesday s plan the next couple of days and if they do, he remains confident, the senate will pass it as well. bill: one key thing he said there, brian thomas, he has not heard the word veto come from the president s mouth and if you get it through the house and the senate signs up, too, boehner thinks they have a deal. here is where we stand, speaker boehner and harry reid, presenting their own debt plans, the followin