applauds them. my administration has put forward specific cuts that meet congressional republicans halfway. i m prepared to do more. we ll only finish the job together by sitting at the same table, working out our differences, and finding common ground. but because $41 billion of both parties totals is really just savings based on this year s budget, which never passed, have democrats really met republicans halfway because when you include the $4 billion cut in the current two-week budget extension, republicans want to chop off $61 billion total dollars, democrats, about one sixth of that. 10 1/2 billion. the gop says that s not going to work. you may have heard president obama say that we need to make sure we re living within our means. he s right about that. unfortunately, his budget doesn t match his words. it continues out of control spending. it adds to our $14 trillion debt
issue of cutting government spending. democrats added 6 1/2 billion dollars in proposed cuts to the $4 billion contained in the two-week temporary spending bill that goes into effect next week. that s a total of 10 1/2 billion dollars in budget cuts, but a fraction of the $60 billion that republicans are looking for. vice president biden, the president s budget director and chief of staff met on the hill with house and democrat republicans and house senate republicans and democrats. democrats say they agreed to $40 billion in cuts when they took the president s 2011 budget off the table and began spending at 2010 level which is are $40 billion less, but 2011 budget was never passed and republicans say that doesn t really count as budget cuts. that s not cuts. that s the status quo. that has been the position that harry reid has taken all along and what we say is we need to cut spending. we need to trim the fat. we need to do what most americans are doing, which is to find out how we
you ve got a big difference here. as a total number from current spending, 2010 spending, the house republicans want to cut $61 billion from the budget. the democrats have come up with about 10 1/2 billion dollars in cuts. that s a big difference. steve: that is a big difference. so yesterday when the democrats and the republicans met in a table, presided over by the guy who wrote heard on the stimulus, joe biden yesterday, when they left, everybody said, we don t have anything to say. wait for joe biden s statement. and eventually he issued a ten word statement that essentially said, okay. we met, we re going to continue the conversation. when you re that far apart, how do you go forward fast because that s what we need? well, i actually read that as a somewhat hopeful sign of a compromise because if they had just said there is nothing to talk about, i think everybody would have come out and started pointing fingers. the fact that all sides basically said nothing is an indication
more than 25 billion, illinois 15 billion. and new jersey, trying to close at 10 1/2 billion dollar gap. and budget and labor battles sure to be a topic of discussion, when the president meets with the nation s governors this weekend. they have their annual meeting of the national governors association. and doug mcelway is live in washington with more on that, hi, doug. reporter: good morning, jamie. they ve discussed a range of topics from the economy, education, jobs, global competition and their budgets, but underlying each of these important issues, it s a fundamental problem of financial insolvency as you guys mentioned and even discussion about some of the states declaring bankruptcy. there seemed to be some agreement that such a move would create more problems than it would solve, but unlike the federal government, the states have to balance their budgets, a difficult thing to do when the governors say they re getting so many mixed signals from washington. for example, they
which of course bill hemmer has lots of it at home. i m not expecting one of these to show up under the christmas tree but it s cool looking, don t you think? bill: i ll wrap one for you, the bio nectar! right. america, the recommendations from the president s debt commission on how to cut the nearly $14 trillion debt, here s the projected budget cuts, california, short of $21 billion, new jersey, 10 1/2 billion, texas, 10 billion, state of new york, $8.2 billion shortfall. bobby jindal, governor of louisiana, thinks he s in pretty good company. look at those states. he s my guest and author of the book leadership in crisis , he s on a tour now, today we find him back home in baton rouge, louisiana. governor, how you doing and good morning to you. i want to talk money first off here. you would actually support colleges and university necessary your state raise ing their fees and their tuition costs.