Reaction to Obama tackling 'fiscal cliff' on the road
All-Star panel weighs in
- Duration 5:00
- Date Nov 27, 2012
All-Star panel weighs in
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Plus -- suggest that if the president wants a solution to the challenges of the moment.
The people initially talking to the members of his own party so we can convince some of the need.
To we are all.
Those of us in demonization and those who have been elected to congress.
To serve the American people so this suggests that we should.
Now that the election's over.
Stop talking to them about these vital issues I think is.
Does that advice.
Jay Carney the White House getting a number of questions about the president's planned trip this week -- to Philadelphia.
To have a campaign style rally about his plan.
To back off the fiscal cliff we're back with the panel.
Are these negotiations happening -- -- our day.
I think they're happening I think that to to make a big fuss about the president going on the road or not I mean Democrats -- like it when Ronald Reagan made his case of the public either I mean I think.
That these negotiations are happening they're happening at the staff level.
Apparently he called his talk to John Boehner on the phone.
These guys haven't had a deal almost once before.
I think the outlines of -- they're gonna be revived.
And they have to figure out how to structure and some kind of down payment -- by the end of the year and then some instructions to the tax writing committees about how much money you're gonna get -- -- revenues entitlements.
And then they can go forward I really do think that that the basic structure of this has not been blown.
Yeah I mean I don't have any problem with the president going to make its case in Philadelphia that's fine he's the president he's entitled to do what I do have a problem with this the emphasis on.
Taxes and revenues that's all we've really had a discussion -- at this point.
That the way to solve our long term debt issues as everybody in this entire town knows.
It by reforming entitlements there's been so little discussion of reform entitlements this point very very little -- -- in public from.
Back when they have these negotiations the first time the president wouldn't put anything out.
On paper and now you're having.
Calls from senior Democrats in both the house and the senate saying basically entitlements are off the table we are not doing entitlements so the president at some point if he's serious about having some kind of a deal.
Meets to set aside his campaigning on tax issues can get serious about entitlement issues.
One prominent Democrats did talk about entitlement issues back in 2010.
The major driver of our long term liabilities.
And everybody here knows.
His Medicare Medicaid -- health care spending nothing comes -- Social Security we could probably fix the same way Tip O'Neill and Ronald Reagan sat down together in the configure something.
That is manageable Medicare Medicaid.
Massive problem down the road that's where.
That's that's going to be what our children have to worry about.
As President Obama in 2010 does the Republican retreat now.
Yeah and it was not the first time -- he made that case remember when President Obama was was first elected in the first -- he talked about the way that he was gonna bring down the deficit.
His campaign promise had meant to cut the deficit in half he said he was going to do it by focusing at the center of his proposal.
Was going to be entitlement reforms we -- none of that it's been more than four years finishing op Ed today in the Wall Street Journal by Bill Archer and Chris Cox former congressman saying that the real.
Outlay is 86 trillion of unfunded.
Liabilities obligations when you include all.
The federal government what it -- that's obviously dwarfs the sixteen trillion in debt.
-- which raises the question why are Republicans.
I -- the entire debate to be about taxes and about the war among Republicans.
Over holding -- lying on the Norquist pledge or not.
When what Obama is proposing and racing the race on the 2%.
Is it true reality it will reduce the deficit from one point one trillion.
-- one point 10 trillion.
21 point 02 trillion.
Eight cents on the dollar it is nothing it's lunch money it's it's it's it's -- rounding error and yet that's all the debate that we're hearing.
Obama understands this he's trying to he's not trying to fix our fiscal issues and problems he's trying to destroy the Republicans.
That there is a split among the Republicans on this issue which is held them together.
The same way it destroyed President Bush senior when he went back on the pledge he made -- is a political attack on Republicans there -- no.
Evidence right now that he has any interest in the -- fiscal issue because he would have to talk about spending and entitlements and he isn't.
I think he will he was willing to raise the Medicare retirement age to 67 when he talked to John Boehner who's willing to change the formula on Social Security.
I'm those things will come back and be part of a final deal will have to be.
If he's so willing why did he never say -- we will probably have some more panels on fiscal cliff I'm I'm guessing that's it for this panel was.