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Now to the president's budget which is officially two months overdue.
We are getting a preview of it tonight and here is -- White House correspondent evidently.
Senator Obama has finally brought all sides together over budget the left apoplectic about cuts to Social Security the right furious about more tax increases and even his own -- suggest he's not -- sold on the plan either.
It is not what.
He would do if you were king -- only people who supported his proposals were in congress.
Is what he believes it.
It's a fair and balanced approach to a deficit challenges -- the new budget is built around the president's final offer that Republican speaker John Boehner walked away from the fiscal cliff talks -- -- quickly noted today quote in the end the president got his tax -- on the wealthy with no corresponding spending cuts at some point we need to solve our spending problem and what the president has offered would leave us with a budget that never balances another problem rising opposition from the left over change CPI.
Which is cutting social security and other federal programs.
By adopting a Republican plan to slow increases and benefit payments by changing how inflation is calculated.
It does not go the Republican round.
It is -- social programs.
And -- rising Medicare except independent senator Bernie Sanders a socialist from Vermont sharply disagrees declaring quote.
Millions of working people seniors disabled veterans.
Those who have lost a loved one in combat and win it will be extremely disappointed if President Obama caves into the long standing Republican effort to cut Social Security.
It benefits for disabled veterans and their survivors through a so called change CBI.
And even the president himself agreed with that criticism during the 2008 campaign when he slammed Republican John McCain.
John McCain's -- -- got -- -- further suggesting that the best answer for the growing pressures on Social Security.
-- -- costs.
Might get caught -- cost of living adjustments or raise the retirement age.
Let me be clear I will not do either.
While the president is not proposing a hike to the eligibility age for Social Security he does want to cut the cost of living adjustment.
It will also affect how tax brackets are adjusted to some middle class people will see their taxes go -- That he could cut disability benefits for veterans up to 3000 dollars a year even as the administration claims -- increase other VA benefit -- 4%.
But the president's aides say he's convinced he could bring along Democrats they're Republicans -- over taxes.
Get the Republicans are willing.
To move off of their position at least the ones that leaders have staked out.
Did the wealthy should not pay another dime the president is convinced that he can.
Lead Democrats to a compromise solution.
No Republicans charging tonight the math does not add up because the president what to do away with the sequestered which would add one point two trillion dollars back to the deficit the White House counters that they've got one point eight trillion dollars.
In new deficit reduction.
Details to come next Wednesday Chris and Henry reporting from the White House end thanks tonight.
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