How will Obama address debt in inauguration remarks?
Adviser Ben LaBolt weighs in on debt ceiling showdown
- Duration 5:12
- Date Jan 20, 2013
Adviser Ben LaBolt weighs in on debt ceiling showdown
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On Friday by the way announced a vote for a three month extension on the debt limit.
That will give time for both the house and the senate come up with a budget.
The president has said he's not willing to negotiate in this matter what is available think about it he's a senior advisor of inaugural committee and -- good morning to you from Washington and congratulations.
Got a big weekend -- morning bill thank you yeah yeah but they don't work and thank you for your time.
What will the president tell the country on Monday.
About debt and deficit spending and how we get that under control bad.
Well I think that the president will follow precedent when it comes to the inaugural address and lay out a broader vision for.
Where we take the country and the next four years and to talk about how some of our founding principles and values skin.
Drive us through the challenges we continue to face I think in the State of the Union Address.
Will be more of the agenda.
More discussion of how we get it done with congress and listing this case though not the American public nothing on Monday about spending that.
Well well I can't specifically say that the remarks are totally finalized yet but I think what you're going to see is.
-- broader vision these specific agenda will come.
In the days ahead there was a statement out of the White House on Friday addressing the proposal that the Republicans have put.
On the table right now looks like they may be breaking the ice a little bit and not.
Holding the nation's full faith and credit hostage for dollar for dollar cuts from things like Medicare and other things other programs that the middle class -- Let me come back to the idea in a moment I wanna show you our fox -- they came out Friday afternoon.
This is what we found should the debt limit be raised again.
Sure but only if you enact -- major cuts along with him so the question that.
What is the White House willing to cut.
But will the president outlined.
Both the budget last year and a four trillion dollar deficit reduction plan.
They combines tough spending cuts.
With the balanced way to reduce the deficit of course that includes revenue that includes asking the wealthiest Americans in particular.
Two to pay their fair share but republic are -- are -- could -- we've been on that issue and issues behind us when it comes to Texas.
Well take a look at -- what's in the package in terms of spending there was additional savings for Medicare and Medicaid and there were savings from agricultural subsidies the president's already signed a trillion dollars of deficit reduction and a lot is committed to more spending cuts but we can't just cut our way to prosperity we've got to continue to invest in things like education.
And energy thinks that will create jobs for the middle class he put on the ballot reducing the deficit -- balanced way to promote growth and jobs for middle class families.
-- and that's going to be is guiding principal through these negotiate -- I want to ask you quickly about the Republican idea would you support it.
But but what -- with the caveat that -- -- the senate given passed a budget more than three years we need to do that.
So we can so we can see which -- willing to move on so we have a baseline for negotiations.
Well let let's revisit what the debt limit actually -- this is about congress paying the bills.
For what it's already racked up the White House has made clear that the president.
But we'll take a look at the proposal they said it's encouraging.
That that the Republicans were moving away.
From some of their demands but the preference is still.
A long term agreement and the president's going to use these negotiations to ensure that we do reduce the deficit and a significant way.
In a balanced way that's got to be the outcome.
Of these negotiate -- Carl Cameron reported few moments ago that the crowd size this year meeting tomorrow.
Could be just a third of what we saw in 2009.
Is that your expectation.
You know it's anybody's guess at this point second inaugurals typically are smaller.
-- first inaugurals but we have seen an outpouring of support.
From across the country 2800 organizations applied to participate in the parade went just all fifty states will be represented as you know.
Those tickets to the inaugural ball went very quickly down on the mall yesterday we had.
Thirteen thousand people participating in the national day of service and across the country a million hours.
Of service committed so we are saying thousands of participants around the country and what difference between this inaugural the last inaugurals were providing opportunity if you're staying in home.
In your home community to participate in the inaugural you don't have to come to Washington DC did.
OK one last question here and -- if you could just give it to me in the sent.
When you think about a successful second term knowing the history is he's not in your favor on -- What would you consider to be a successful.
Second term for this president.
But well I think the president came into office at a time -- the nation faced historic economic challenges.
And if he puts us on a strong path.
But to continue to -- -- economic security for the middle class I think that will ultimately be.
At the heart of his legacy bendable thank you for your time to enjoy today and joy tomorrow appreciate you go to Paris thank you --