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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, speaker boehner says the president is in the way. the president says house ....
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 everyone to give a little, without requiring anyone to ....
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 ....
Reid s plan. which is as the speaker said, a blank check. something that we as republicans don t believe most americans think ought to happen, because that lets spending continue in this town the way it has, and it helps promote the economic policies of the obama administration, that it, frankly, wrecked this economy and thirdly, we have our option on the table, and it is consistent with our commitment to saying we will change the system here, stop spending money we don t have, and, start focusing on getting people back to work in this country. doing something about the unemployment, that is now still over 9%. last night when you listened to the president, it was a political speech and watched the leadership from republicans sit down hours after hour trying to get to the a bipartisan agreement. it is difficult to ever have any agreement with someone who you are buying a house, buying a car and make an offer, and no one ever counters. no one tells you what they want. ....
Tough because it is such a small country, and the loss was so large. but there s certainly going to be some practical changes. i don t think you ll be able to drive a truck up in front of the prime minister s office like that was before and some psychological changes. some have said it s like when the germans invaded denmark. it s not something you forget after 50 years. bill: oslo, norway. thank you. jamie: tick, tick, tick, there s only one week until the debt deadline, but president obama is not backing down on wanting the wealthiest in our country to carry out part of the burden in any debt deal. an approach that doesn t ask the wealthiest americans or biggest corporations to contribute anything at all, and because nothing is asked of those at the top of the income scale, such an aroach would close the approach would close the deficit only with more severe cuts to programs we all care about. jamie: just days ago the president and house speaker john boehner seemed close to an ....