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The republicans view this as ap. if you take a look at outlays, in 2008, when we went in the economic difficulty; fy-08 there were $2.9 trillion in outlays. today it's $3.8 trillion in fy-13. revenues $2.5 in 2008. they're 2.9 today. back to re-knew we had before. nearly $400 billion more in re-knew bus we are, you know, nearly $900 billion more in spending. that is the trajectory we're on. so the republicans are emphasizing the savings. they propose $600 billion in medicare and other health savings. but they have to be fundamental reforms. we can't simply take the current system going broke a...

That we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country would find themselves on the verge o...

Do that but wants 1.6. is lower amount of re-knew than embedded in simpson. the president has cuts going forward. time to begin the confirmation. the president cuts are different. for example, the president does medicare reform and he doesn't pass it along to seniors. he reduces payment to drug companies. got something on paper. >> bret: consumer price index off the table? >> this is part of the social security reform. social security is owed. $2.5 trillion. from the general fund in terms of the bonds. our view is strengthen social security on its own terms. 100 100% solvent until 2033. after ...

In america says it's the right thing to do. boehner says if we had more re-knew we'll get in a different way. we think raising rates hurts the economy and we'll reduce the deductions to get the same place. but with president obama's road show he doesn't answer the question he brought up in 2010. what are you going to do about entitlements and how would you make it better? i don't think raising retirement age will solve the problem. >> brian: my head will explode. we keep saying we have to balance the budget. the math doesn't add up. number two, go in and roll up the shres and get it done behin...

He is making them sweat. negotiation and normal and natural. whether it will result in agreement or not in the next six weeks i doubt but they will get to transitional thing. >> lo and behold, boehner offered more revenue last year. made it clear. $800 billion over ten years. that is what they are discussing now. what they have to do in the next six weeks is come up with what they call a down payment. they will do spending and do something to get more re-knew in a way acceptable to both sides. >> let me explain what came out of the meeting on friday is two step compromise.