Budget battle heats up on Capitol Hill
Kelly Wright reports from Washington, D.C.
- Duration 4:04
- Date Mar 18, 2013
Kelly Wright reports from Washington, D.C.
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In the meantime with the risk of another government shut down only two weeks away.
The budget battle heats up on the hill the house and senate voting this week on their respective plans and them.
We'll have a doubt good morning everybody -- we shot there in Washington DC I'm Bill -- a bit -- break we get -- me -- quite.
Doctor Nelson patty's day -- hands and eyes and I was can't complain about Sunday morning everybody at home I'm writing an account so what are we got -- the president's budget proposal.
His will not be released until early April so you got the -- congressional plans that are really the only option out there right now House Budget Committee chairman Paul Ryan thinks that his.
Understandably because -- his plan he thinks it's the best one watch.
The goal of the Republican majority is to get us on a path to balancing the budget is to get a down payment on our debt and deficits.
To push the button debt -- out to -- time with the bond markets yes I.
Believe the president won't pass our budget -- the law but let's get a down payment let's get it a good start on the problem.
That to -- is something that a constructive bipartisan -- it can accomplish.
So -- -- as a baseline Kelley writes live at the White House this morning a lot of talk about a grand bargain is that being revived Kelly.
-- isn't the case right.
Now bill what are the reality is is that while people were hoping -- including house speaker John Boehner he is not very optimistic at all that -- Democrats and Republicans.
Can achieve a grand bargain on the nation's budget deal.
Having said that you'll recall that the president did launch a -- major charm offensive reaching out Republicans and Democrats to find some common ground.
In getting America's fiscal house in order.
But some Republicans remain skeptical about the president's sincerity.
Congressman Paul Ryan who we just heard from expressed doubts after the president's recent comment that America is not in any immediate debt crisis.
Ryan contends that America is teetering on the edge of a crisis and there will and it that it will have serious repercussions.
You -- gets -- first in the -- -- the debt crisis the poor the elderly that's what we're trying to prevent from happening.
Pro growth economic policies to get people working to bring in more revenue and get the entitlement system under control so it doesn't go bankrupt so people can seriously planned for the promises the government is made for them in retirement.
That's what we're saying is let's prevent a debt crisis from happening we know what's coming this budget does that.
Of course rise talk about his own budget which was introduced last week through the GO PN.
He's very optimistic about that budget but also realistic.
Knowing that Democrats do not support it in terms of passing a bill while the senate Democrats put out a budget for the first time in four years -- How -- these two plans lineup for any possible compromise.
At present there is no wiggle room whatsoever -- -- -- a closer look at why I'm saying that here's a reason -- as we take a look at this graph right here.
You can see.
That the reason why there isn't any wiggle room was because one and the cutting the deficit the Democrats -- cutting it by one point 85 trillion dollars.
Half through spending cuts and half through tax hikes.
-- the Republican plan Paul Ryan's plan.
Would cut the deficit four point six trillion dollars over ten years and includes repealing obamacare.
The hope is that going through the legislative process.
That they might be able to find some compromise.
To strike some sort of deal.
We need to put Americans back to work that's our first priority.
Deficit reduction I would put as the second priority and one that is coupled with economic growth.
So I think we can do both make sure we have deficit reduction but don't cut too much too fast.
You know bottom line bill American people are saying this over and over again Republicans and Democrats fighting on both sides of the I'll.
They can come together for a grand bargain but it just doesn't appear to be the case right now and as they grapple with the budget.
Keep in mind that two weeks away they have to come with a continuing resolution by march when he sentiment as Ryan says and all that at least there's a baseline now for comparison between the two sides we're gonna get -- just a moment here.
Thank you Kelly right in the north lawn there are.