democrats really lost a budget battle, a budget showdown. now the white house understands there is risk on both sides moving forward. and americans believe more and more like steve rattner and like i believe that we have to stop this generational theft. steve, you take a look at both budget plans on a number of different levels and compares them because still quite some differences between them. there are differences and the differences are greater i think than they try to portray. both sides chose their base plans. not to rain on the parade but i think this is tougher slog than we might think. start with the overview of the two budget plans. if you go back to before the sequestration and use that as your baseline, paul ryan is talking about 6.1 trillion of deficit reduction the next ten years and almost all of from the spending side. party murray on the budget side of the democrats is talking $2.3
about 79% and this is presequester. the murray plan takes us down to 70% which is a little bit lower than where we are today at 73%. you can see the curve goes up and then it comes down and stabilizes. i think what most budget people view as the minimum acceptable amount of deficit reduction and still have something credible. simpson/bowles to 64%. ryan 55%. we would like to get there but the magnitude of what ryan wants to do to spending. neither of these programs take on intiltsments, do they? well, ryan takes on entitlements by going to this supreme support plan after 2023. the problem with that plan he has version 3.0 and in that version, there is really no guarantee that he would actually hit his numbers. he basically introduces some private competition but there is no guarantee that he would actually achieve the kinds of reductions he is talking about. what kind of growth rates do these people assume? for? for all of these plans.
trillion of deficit reduction and half come from taxes and the balance come from spending, 975 billion from spending. a vast difference in size and significant difference in priorities. if you try to break down those priorities and look at some different categories of spending, you can see that in the discretionary side, this is the stuff that the sequester effects. ryan wants to cut 1.2 trillion which is 3 billion more than the sqester. party murray wants to cut 600 billion less than the sequester so the democrats the to store 600 billion of the sequester money. the democrats want 100 billion for jobs can i interrupt you there? par patty murray knows they will restore a dime i am trying to highlight major differences between the two sides. explaining to people at home, that s a good negotiating start if i were patty murray and a democrat, that s exactly where i