responsible blue print. the president will unveil the details on wednesday, but it s expected that the budget will include more tax hikes on the wealthy and some middle class families, and as an olive branch to republicans concerned about government spending on entitlement programs, a cut in the future cost of living increases for social security and other benefit programs. it s a compromise i m willing to accept in order to move beyond a cycle of short-term crisis driven decision making, and focus on growing the economy and middle class for the long run. it includes many ideas republicans have said they could accept as well. it s a way we can make progress together. republican house speaker john boehner seen here last november with the president, said the president s budget appeared to have only, quote, modest entitlement savings and won t mack social security and other programs more fiscally solvent. he said the gop has already given in, saying, the president
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to support no! does this mean that boehner is able to go back to the white house and say you have to add spending cuts. take your cost of living adjustment, social security, i ask you as a little c conservative, would you be willing as a member of congress today, if he came back with $600 billion or $700 billion, whatever the number may be, in entitlement savings and cuts along with the tax increase above $400,000, would you vote for it? i would need more spending cuts. what would be the number? because i think that s where we are, unfortunately. are we going to go over the credit rating? downgrade it? if we get over $1 trillion in spending cuts, then you re at least getting in the ballpark because we ve got sequestration on top of that. there are a lot of different possibilities here. but the problem here is not an ideological problem. a lot of people, donny deutsch, like to suggest that there s a problem with these conservatives. they re crazy, right-wing freaks, they re
republicans in congress to hold middle class tax cuts hostage because they don t want tax rates on upper income folks to go up. that doesn t make sense. in addition to rounding up the voters, he deployed tim geithner to the hill. he just know that leader pelosi is letting house democrats know they better not pull a fredo during negotiations. the president s offer was this. $1.6 trillion in tax increases, a hefty $50 billion in mortgage relief, infrastructure investments. extension of unemployment insurance and a deferral of cuts to medication payments to physicians. oh, yeah, no more debt ceiling fights. he is going to take that one off of congress plate all together. there is a claim of about $400 billion in entitlement savings.