largely saying they don t want to raise taxes on corporations to pay for it. what s the solution here? house approach has taken that phase one. second was the scope and we came to 1.5 over 8. that s what josh and i had been working with the g-20. 21 senators are bipartisan. we have done it without any tax increases. now, should everything be on the table? of course it should be. that s apart of compromise and nobody would be totally in love with the plan but everybody will be okay with it. that s the whole point of our caucus and what our country wants us to do. they re not okay with it. your congress is not supporting what s in this plan, this bipartisan plan to how to pay for this.
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the house right now that would cut and curb spending to the tune of $1.2 trillion over ten years, raises the debt ceiling through the end of this year, then it creates a commission to overhaul taxes, entitlements, basically, find $1.8 trillion at least in additional savings. and then if congress were to find that additional 1.8 trillion or so in savings, that would authorize the second increase of the debt ceiling in this plan, and that would take the federal government through 2012 and into 2013. now, the president prefers the senate approach, doesn t like the house approach, but there s a question out there as to whether the president would actually veto the bill of that house proposal if it were to maneuver itself through the house and be through the senate. and this morning the folks at fox & friends asked the top white house economic adviser about that. take a listen. the real debate right now is not about a bill that hypothetically could get to the president s desk because ri
everything that republicans wanted. republicans say it s filled with budget gimmicks, so they ve proposed their own plan over in the house right now that would cut and curb spending to the tune of $1.2 trillion over ten years, raises the debt ceiling through the end of this year, then it creates a commission to overhaul taxes, entitlements, basically, find $1.8 trillion at least in additional savings. and then if congress were to find that additional 1.8 trillion or so in savings, that would authorize the second increase of the debt ceiling in this plan, and that would take the federal government through 2012 and into 2013. now, the president prefers the senate approach, doesn t like the house approach, but there s a question out there as to whether the president would actually veto the bill of that house proposal if it were to maneuver itself through the house and be through the senate. and this morning the folks at fox & friends asked the top white house economic adviser about that