Obama vs. Republicans on economic vision
All-Star panel weighs in
- Duration 5:36
- Date Apr 3, 2012
All-Star panel weighs in
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The Republicans running congress right now have double down.
And proposed a budget so -- to the right bid makes the contract -- America look like the new deal.
It is a Trojan horse.
Disguised as deficit reduction plans.
Is really an attempt to impose.
He radical vision on our country.
I think -- -- -- free certainly in my life death.
Texas and bitter partisan attacks from president Barack Obama unfortunately to something we're getting used to hide because he lacks an agenda to actually fix this country's problems.
Well we knew what for a long time but now it's in cement essentially this will be.
The election the battle back and forth between Republicans and Democrats.
On the way forward we're back with the panel.
Steve the president really.
Laying it out there calling the Republican budget plan.
Trojan horse saying it is radical.
What about that speech already said and reaction to it.
Well the president was shrill demagogic.
And I think very small he comes off looking very small.
And the problem for him the president as he he is the most strident I think on his greatest failure for the president's election Republicans.
Particularly Paul Ryan.
On leadership and responsibility on issues on on fiscal issues and entitlement reform and budgets when he can't as you.
Asked Jay Carney about in your interview earlier.
He can't even gently nudge senate Democrats to pass a budget with 51 votes which they could do tomorrow if there with the political political will.
The president hasn't been serious about this since the beginning of his presidency.
So I think what we saw from from him today is a sense of desperation that he knows he can't make win this argument on the substance so he.
Passed a lash out in this way.
Here's I mean in that interview with coronary it was getting to a question that I -- before David Axelrod and others.
About the senate Democrats.
Lack of a budget for -- 1070 days -- obamacare was.
Was passed with 51 votes -- budget resolution can also passed with 51 votes not sixty.
It's a question that doesn't seem.
Have an answer from from Democrats yeah climbing.
It it -- the usual answer that I get is is that the of the debt ceiling gives us the regulatory named it what -- weeny budget too early to move forward and there's all these sort of politics going on with the different.
Senators from the different states but to say -- flat out leadership in leading and and then getting on to stop them and hitting.
Paul Ryan who has put the budget on the table on -- past -- by the same token at Ryan's plan is dead on arrival in the senate so you know and they know that so they passed a budget and yes something they passed -- that I guess they can run on but they also announced on actually going to be.
Made in sly and I don't think you could be in the conference report if if the senate passed a budget than they would have to get together in second in -- -- -- never go for this and that they did and there and I haven't calling single moms engaging in bitter partisan attacks I was doing better for partisan about that.
That was in basic.
Position of of the Democratic Party on.
Budget that doesn't have any real specifics on how he's gonna cut anything he claims is cutting the stuff he claims is gonna come from loopholes but we don't know all we know is that taxes are gonna go down for rich people.
And that that's about all that's in the plan that we really know for sure.
Well we've laid out the plan and there will be many many times that we go through it but at the Ryan plan reduces the overall tax structure of the two brackets ten and 25%.
Takes the corporate taxes down.
To 25% expands the base.
Of taxpayers and he argues Ryan argues that it saves Medicare and Medicaid as far as.
Instead of cutting but he says he's gonna cut of these loopholes and all of these preferences for what you write it -- to -- -- -- what it means I -- and cutting taxes at this time -- the -- the -- out of -- just does not -- budgetary -- -- Ryan has proposed something that are -- and propose something Obama and the senate Democrats have proposed nothing.
Let go by the force CBO director Douglas Holtz he can point out.
That average spending for the federal government over the last fifty years has been slightly over 20% of the economy every year.
What is the average spending in the Ryan budget over the next decade exactly that slightly over 20%.
Obama is the one who's been radical.
Of the economy -- -- spending at a Washington is the highest since the Second World War.
He's the one who's been radical would trillion dollar deficits we've never had one.
In American history he's never had before in a row.
He's now increased our debt by five trillion dollars in one term.
He says he admits openly he said -- -- Medicare is gonna become insolvent.
He's proposed nothing on there.
And as you pointed out he himself -- propose a budget which was defeated in his own in the house by.
To nothing and know what he proposed last year was defeated in the senate which he controls 97 nothing and -- his radical.
Date they point out that house version was put up by a Republican as a -- vote but then -- Chris van Holland Democrat from Maryland put up.
A democratic alternative that also failed.
With the big vote Steve why must -- yet if you look at what the president will have done by the end of his first term from inauguration the end of his first term he will -- in all likelihood have.
Increased did the debt the national debt.
By the same as all of the previous presidents to this point that is radical that it.