White House reaction to Ryan's 2013 budget
Economic adviser Gene Sperling weighs in
- Duration 5:05
- Date Mar 21, 2012
Economic adviser Gene Sperling weighs in
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One year ago we offered our path to prosperity in this year we are offering again.
Our path to prosperity.
We're gonna build on the important work that we did last year.
-- several new and improved strides.
We propose that we repeal the president's disastrous health care law.
-- times -- Paul Ryan and bailing this part of his when he thirteen -- yesterday it was a small snippet of what he had to say right now the House Budget Committee is finalizing the Billiton.
All they process -- you can appreciate Republican leaders hope to vote on it.
Next week and there's -- every action as you can imagine from the other side.
The -- as well as well as the White House let's take you there to the White House Gene Sperling is a director of the National Economic Council is -- assistant to the president for economic policy.
-- nice -- -- back in the program.
Well thanks for having this fifteen I -- a little bit of -- content yesterday on the Paul Ryan budget proposal once I want to move.
-- this conversation -- a little bit because we know your critical of the bill but what what you think of Paul Ryan's leadership.
On the issue in his attempt to bring in some -- -- this suggestions from the debt commission and put together plan here what do you think of its leadership.
Well I I like Paul Ryan personally.
And I -- -- discussing.
Budgets with him.
But I'm disappointed.
Not because the core of what.
Things like the Bowles Simpson commission -- for was a degree of balance and -- -- -- shared sacrifice.
In his budget just disappoints deeply in both of those levels I mean let's just understand the following there's not won -- penny.
Of revenues in this entire -- not one penny in fact they're cutting.
-- at least one and a half trillion dollars may be significantly more for the most well off.
At the same time this is probably about the harshest budget.
I've ever seen when -- -- to.
You know those who are most vulnerable the cut in Medicaid 770.
-- have a dramatic and and very negative impact.
On people in nursing homes families.
Who have somebody with a disability.
-- child with downs or autism.
Who rely on Medicaid.
To help them.
Give their child the best opportunity possible if you -- could dramatically cutting those programs those services.
For people who are.
With disabilities or or in nursing homes or just poor children.
Are going to be cut significantly and that is just the cure any of the map there's there's almost no other conclusion.
A great also and you have a you have a Medicare right proposal which we've talked about which I think you know puts at risk the basic here -- -- Medicare and then.
On his -- on the basic core of our government we've agreed to significant spending cuts on the domestic side.
He now comes in and says -- increased defense let's break her DL and then -- dramatically cut the part of government.
That is about investing in our future in education and basic research in.
It in an energy innovation the things that.
Used to have a bipartisan.
Supports it that people understood -- presented -- productivity that you disagreed with the bill -- -- just have to move on here to -- I'm gonna get have to go to commercial break but the thing about budgets is that they are proposals.
It's not illegal not have a budget is not mandated.
They're non binding -- if you pass that don't necessarily need to follow it.
Any appropriations actual actual spending part of the bills where that the rubber really meets the road here so.
The question Andy continued both sides go back and forth about the budgets -- they're still proposes and I'm not really finding since.
Quite frankly they don't really mean that much other than the symbolism so will the president work to change that is the president for a more binding.
Budgetary process that really has teeth and it's of the -- matter.
Well what you're talking about is the fact that this is a -- -- resolution but of course.
The actual budgets that you passed when you look at things like the 1997.
Balanced budget agreement the 1993.
That's a reduction agreement.
These are absolutely binding and they actually helped in the ninety's change the path.
From high deficits to balanced budgets and surplus.
So the only thing standing and our way right now is not budget process it's not Green nice -- it's just a basic sense of whether.
That Paul -- like Paul Ryan are willing to.
Do engage in more honorable compromise more honorable I think shared sacrifice where they realize that you cannot.
Budget that -- deficit that comes fronts a -- -- you know I'm getting ahead copyright sorry guys and so is nice to have you on the program.
Thank you very much who have have you back into differing philosophies and it's one that we look forward to continue having this conversation thank you so much -- thank you.