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Deficits as far as the eye can see and we need to do something about it. this budget puts forward $2.7 trillion in spending reductions and balances within 15 years. it's an important debate to have. congress may resist it but we hope they have an interest in maintaining and getting rid of the deficit. >> something else the democrats probably won't like, a new work requirement for people on welfare. people who use medicaid, food stamps or public housing would have to put in 20 hours a week in either a job, job training, or community service. the big ticket item in the president's budget this ye...

>> are you implying infrastructure week may not be successful? there haven't been many bright spots in the last nine weeks of grid lock and impasse. this may seem like more bad news. the next spending battle six months from now will have higher stakes. a debt ceiling, the budget caps return. if congress can't reach a deal, the government faces approximately $126 billion in automatic spending reductions. but, and hang with me now, there is a positive note. the spending decks are now cleared. lawmakers and staff have time and some level of a road map thanks to the agreement just reached to cha...

The bottom line, two pieces. spending and revenues. we tried hard to draw attention to spending. the house and the senate in their wisdom chose not to take most of our spending reductions. that leaves us on the revenue side. we have to grow the economy and make us richer so the government gets richer and drives up the revenues. that's why i'm so focused on taxes. i need the growth to help reduce the deficit. >> neil: the timetable they have is to try to get this out of the house by thanksgiving. out of the senate and signed by the president by christmas. still doable? >> yeah. i think i heard ...

To his plow. for me, it wasn't a farm. it was a small business. and it wasn't so much a calling as it was a mission, a mission to strive for a more accountable federal government here in washington. how did we do? here are some facts. for the first time in nearly 20 years, we've made real entitlement reforms saving trillions of dollars over the long term. we've protected 99% of the american people from an increase in our taxes. we're on track to save taxpayers $2.1 trillion over the next ten years, the most significant spending reductions in modern times. we've banned earmarks altogether. sorr...

Surrendered his power to go back to his plow. for me it wasn't a farm. it was a small business. and it wasn't so much a calling as it was a mission. a mission to strive for a smaller less costly and more accountable federal government here in washington. how did we do? here are some facts. for the first time in nearly 20 years we've made some real entitlement reforms. saving trillions of dollars over the long term. we've protected 99% of the american people in an increase in our taxes. we're on track to save taxpayers 2.1 trillion dollars over the next ten years. the most significant spending ...