Also in this playlist...
This transcript is automatically generated
President Obama has long overdue budget officially comes out tomorrow but we already know a lot about it.
Monday I talked with political strategist Joseph Trippi and Karl Rove and asked them to start with their overall thoughts about what we do now.
-- -- bad reviews.
Interestingly enough from main mainly from Democrats Bernie Sanders the independent Democrat of Vermont announced he would lead an effort to oppose the president's entitlement reforms.
Half the house Democrats.
Signed a letter -- in the house.
-- oppose the president's reforms and even the -- generally loyal chairman and that generally loyal -- ranking Democrat on the House Budget Committee Chris van Holland said.
He had concerns about the tactics and the substance so open to bad reviews.
But you know it's -- Is -- -- real question is how serious is the president.
I'm an optimist but I must admit body language matters in this and the president's body language is not been good two months late.
I looked at the comments by White House communications director Dan Pfeiffer on Sunday and it looks like you know.
Residents say and we really want to do this it looks like they're setting up the blame game.
And that's not a good place to be at the beginning Pfeiffer says.
If the Republicans particularly house think it's my way or the highway then we're not gonna get a deal the president himself foreshadowed this one went to the house Democratic Caucus and said basically.
One Democrat membership and -- I'm really concerned about your entitlement reform measures.
He said don't worry we're not gonna even get involved -- that lets Republicans give me a lot more revenue and they don't appear ready to do that so don't worry about it.
Carlson is over a bad reviews in -- you had senator Lindsey Graham joke saying.
You know there are nuggets of this that are.
Make him optimistic about a grand you get a decent word Lindsey Graham said we're.
Looks like we could be on the verge of a grand bargain again.
So you think it's.
Coming -- some good reviews from Republicans but Carl's right on the left.
Would particularly changed CPI and some of the other reductions in Medicare and in the social safety net that that the president appears certain to be putting on the table.
A lot of problems on the left they're -- you got -- how you put this together is going to be a big problem on the other hand.
He does you know when you look at the 2.5 trillion.
They hit it in reductions -- Ferrari happen according -- administration.
One point eight trillion that he's putting on the table now.
Think -- just four points three trillion dollars.
But both parties right in the range what both parties were looking for so -- they can get a deal Lindsey Graham and others to put a deal together here.
And take the president's compromise which I think the problem's going to be with compromise is going to be Democrats on the -- can you enough.
Votes there to agree to it.
Let's get into the specifics -- you -- -- London we need and there are a couple of specifics of what Joseph just said the need to be dealt with first -- That this is one point eight trillion dollars in deficit reduction it's not it takes one point eight trillion dollars in deficit reduction.
And replaces the sequester.
Which is one point two so this is really only 600 million dollars in new deficit reduction.
Now in addition.
I -- I love that when the White House talked about the 2.5.
Trillion dollars in deficit reduction so far.
That ignores the 831 million dollars in new stimulus spending the 24% increase in -- in discretionary domestic spending in his first two years.
Which about 555.
Billion dollars in additional spending on the baseline.
One trillion dollars in obamacare.
200 million dollars in the payroll tax tell -- holidays.
And then several multiple unit -- unemployment insurance extension so.
-- one point eight that it should be the 2.5 trillion dollars in deaths of so called that's a reduction.
Doesn't take into account that was more than wiped out by the additional spending the president put into the budget.
That's what we need to see that would -- Wednesday's numbers.
When they reduce when he puts out the numbers on Wednesday.
To see what the baseline of the budget looks like the -- if we had current policy we have about 47 trillion dollars in spending over the next.
Over the next ten years.
The senate Democrat budget is 45 trillion dollars in spending.
The Republican house budget is 41 trillion dollars in spending.
Let's see what the president -- for my suspicion is going to be a heck of a lot closer to the Democrat number which never balances the budget.
Then he -- to the Republican budget which.
Balances in twenty Tony and Ryan budget doesn't balance the budget continues either me neither one of them do the fact of the -- the president's plan.
It -- today we got five point 5%.
To -- when you measure it against the economy through GDP the gross domestic product product.
With his plan it goes to one point 7% so it really it does reduces the deficit in terms of the size that it vs the size of the economy -- almost -- -- -- of obamacare the Ryan budget does.
Well yeah if you read it but we won't just tell -- -- -- here so don't but it that I mean that's how they they're saying things that -- for my dead body did bill repealing open.
Obamacare will be won on the would with Democrats.
And the president veto that one I mean I'm not I'm not the spurs putting us versions on par -- its budget for that reason.
But I am saying that the real the realistic budget plans are not Connecticut are not gonna pass Muster on either side.
That's why it's got to be a grand compromise grand bargain at some point some students on -- some poignant but no one knows I don't I frankly do not see enough Democrats.
Coming in support change CPI and some of the other things the president is putting on the table.
To add up we've.
The Lindsey -- little world to make it happen.
I will get an early test of the president's not serious about -- and the senate Republicans will bring up a vote on the president's budget and it will fail.
And -- -- in the -- not serious and John Boehner will allow a vote on the president's budget and it will be like two president's budgets in the past which got no support from Democrats this.
-- -- -- deal which would slow the growth of Social Security benefits -- -- but is it.
You know Lindsey Graham says essentially that's showing some leg by the president and Republicans say that's a good thing I'm sorry but -- -- saying I that's not enough.
That's not enough and look here's the deal.
-- the question is does the president really wanna get it.
And if you really wanna get -- you go about it a different way than delay your budget for two months -- toss in and out there.
Without a lot of discussions with the leadership so -- you have immediate Greek chorus of supporters popping up.
Well look I think Lindsey Graham is absolutely right every Republican ought to be.
What it ought to be respectful and optimistic about this whether or not a really turns out -- turns out to be real or not but I just think that what it says to me is.
The president is really not serious about get -- this and I think it's a win win for the president -- heat heat heat either Republican say yes in which case he wins the war.
He's now in position where -- his own party saying you've gone to foreign social security.
And the Republicans rejecting it.
Did he he once again gets -- look and say.
Playing the other side I really think that's where this is headed right now I agree it's it's aimed towards blaming the other side not a good thing for the country -- general thank you.
Filter by section