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Cut your way to prosperity. both revenues and spendings need to be a part of the solution, then perhaps we'll get the ball further down the field. the republicans are saying they are willing to look at cuts with defense spending which has been one of their legacy positions, if you will. it remaybes to be seen what the democrats are willing to give up one of their babies entitlement spending, medicare changes, we'll have to see. this is going to be an interesting fight with the deadline looming in five weeks what can't be lost in this discussion is what happens to global financial markets while...

Paul ryan did. i know dana has a ton more information about the details of that. so it doesn't seem that they're getting any closer to a real kn negotiation on entitlement reform this year. in terms of entitlement reform, now the two sides are just locked down and more polarized than ever. >> let's look at some of the details. because you have the president's outline today. he calls it a framework. you also have the ryan budget. that's the house republican budget. he appointed this commission. he did not include any of their proposals in his budget. but he did take some of them today. the debt...

Trillion. it is that signature capital. >> i get it. we know the problem. no one wants to deal with it. insurance monopolies bankrupting america. the democrats want to print money, the republicans want to not cover more people. >> lower costs, increase coverage. >> you have to deal with the elephant in the room, a system from '42 -- >> we do need to have entitlement reform in terms of medicare and medicaid. i think one of the mistakes is they are trying to do too much, long-term care, medicare changes, reform medicaid. i think you need to take a step by step approach. start with this. get the ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.