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Transcripts for CNN Your Money 20130317 19:16:00

the difference in the two budget, the ten-year prospect of that passed in the house of representatives is $41 trillion spending over ten years. the senate budget, which was just approved thursday night by the senate budget committee, spends $46 trillion. so you ve got two differences. the senate is trying to spend more. house republicans are trying to be more efficient. let me ask you this, senator. president obama is trying a new strategy. he s reaching out to congress, holding meetings on capitol hill. i don t understand why these weren t happening 18 months ago. but there s a shift from the campaign-style events we ve seen over the last month. listen to something he said to george stephanopoulos earlier this week. i m trying to create an atmosphere where democrats and republicans can get together and try to get something done. but ultimately it may be that the differences are just too wide. if their position is we can t do any revenue or we can only do revenue if we gut medicare

Transcripts for CNN Your Money 20130317 19:03:00

the pro growth, pro middle class agenda that the american people went to the polls and supported last november. both of these budgets have names, by the way. the senate democrats foundation for growth budget is the first resolution the democrats have put out in about four years. it would curve spending and reduce deficits enough to stabilize the debt but not balance the budget in ten years time. now here s what the house republicans propose. our budget will provide economic security. it will guarantee a secure retirement for seniors. it will expand opportunities for the young. paul ryan s latest edition of his path to prosperity isn t too duff than other versions. he plans to drastically curb spending, reform the tax code what increasing revenue and actually reform the budget in ten years, and the president is way behind his february 4th

Transcripts for CNN Your Money 20130317 19:13:00

the most extreme budget plan by a house of congress in modern times. i want to bring in republican senator johnny isaacson of georgia, not only a senator, but a former businessman and a member of the senate finance committee, good friend to the show. senator, good to see you again. thank you for being with us. great to be here. paul ryan s budget is similar to the one he proposed last year you just heard joe biden criticizing. and by the way to the one that came up the year before. every time paul ryan releases a budget democrats call it a voucher program that will saddle seniors with extra costs. under paul ryan s plans, americans who turn 65 in 2024 or later would choose between private health insurance plans or they can stick with their traditional medicare options. they d get a subsidy from the federal government to put toward the cost of their premium. the first year, the subsidy would cover the cost of the second least expensive private plan or the medicare option, whicheve

Transcripts for CNN Your Money 20130316 17:12:00

so, it s no surprise to you that companies depend on today s xerox for services that simplify how work gets done. which is.pretty much what we ve always stood for. with xerox, you re ready for real business. here we go again, another budget from paul ryan, another lightning rod for democrats to attack the gop s economic proposals. remember when mitt romney picked paul ryan to be his running mate? we predicted then it would turn a spotlight on paul ryan s budget proposals and we were right. joe biden and president obama wasted no time using it to bludgeon the gop nominees. romney said, quo, it was marvelous and that had he been president if it passed he would sign it. now, that same budget, the ryan budget, the new york times in the past called him, i quote, the most extreme budget plan by a house of congress in modern

Transcripts for CNN Your Money 20130316 17:03:00

supported last november. both budgets have names. the senate democrats so-called foundation for growth budget is the first resolution that the senate democrats have put ut in about four years. it would raise more tax revenue, selectively curb spending, and reduce deficits enough to stabilize the debt but not balance the budge net ten years time. now here s what the house republicans promise. our budget will provide economic security for families. it will guarantee a secure retirement for seniors. it will expand opportunity for the young. paul ryan s latest edition of his path to prosperity budget isn t too different from previous versions. he plans to maintain revenue lefls, curing spending. the president is way behind on his february 4th deadline to put forward a proposal and he doesn t have much time left. my goal is not to chase a balanced budget just for the

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