score a speech. let s do it your way, okay? the republican plan that passed the house of representatives. and republicans voted for in the senate would, in the estimate of the cbo require beneficiaries of medicare to pay $6,500 a year more. $6,500 more in medicare benefits than they do today and why are they doing that? they are doing that because they want to preserve i don t think the speaker just says this but they wants want to preserve tax cuts that benefit americans they can t afford and they demonstrate in their plans and i give them credit for. this if you try to balance our budget without revenues, without tax to raise revenues then you are forced to put in place exceptionally harsh cuts not just for medicare beneficiaries but for medicaid. remember, this country, this great nation with our great resources today one in eight americans 40% of americans born
speaker boehner and tim geithner were talking about treasury secretary talking about this morning and how would you enforce the idea that if had you a commission with 12 members in place and said we want you to reform medicare medicaid and social security we want you to make these big cuts. what do you say to them if they don t make the cuts? what have we seen? even here on the edge of the precipice, these guys don t make a deal. why would they make a deal down the road you? are going to need some degree of distrust. people holding hands. both sides of the extremes blocking this deal. no tax cuts on the one hand and other hand no cuts to entitlements. that s not reasonable. did you hear the triggers they were talking about. trigger for the republicans was going to be the decoupling of the bush tax cuts and for they wanted the trigger for the democrats to be the obama mall individual mandate. i mean. that s the thing. what kind of mechanisms would you have? thank you, panel. see
democrats, you talk about the white house, the democrats flew over to the white house to say what are you talking about? you are willing to make significant cuts in terms of medicare, medicaid, social security, you are putting our political fortunes at risk. this is not what we want. you saw move on. you saw aarp. you saw afl-cio. ceiu. engaged to zoom on congress can w. phone calls and lobbying to say stop the president from giving up everything to the republicans. one last point here. you heard the speaker of the house say we moved the goal post in terms of a president who doesn t want to make significant cuts who is now willing to make significant cuts, why don t republicans just say we have won this fight. it s time to move on and not push the country over the edge. chris: that s one. we will take a break here. we will continue the conversation. one of the interesting things that came out from both geithner and boehner is the grand bargain.
president and the speaker believe that the best thing we can do is put together a very substantial contribution to getting our fiscal house chris: you are saying the so-called grand bargain is still alive. i wouldn t say it that way. two approaches. one like that comprehensive, balanced entitlement savings to secure medicare and medicaid for the future with tax reform that would generate revenues, help us solve this problem. but, there is also some talk about a plan that senator mcconnell and senator reid both put forward that would also take default off the table and put in place a special committee with special powers to try to move legislation to achieve that same outcome. now, you can solve this problem lots of different ways. but the two key things are we take default off the table. the threat of default off the table through the election and we put in place a framework of tough reforms, forces congress to act relatively soon. we don t want to fall behind the concern of cu
juan? i think part of the sticking point over the last week the mechanisms in place if you go to the two step solution that both speaker boehner and tim geithner were talking about treasury secretary talking about this morning and how would you enforce the idea that if had you a commission with 12 members in place and said we want you to reform medicare medicaid and social security we want you to make these big cuts. what do you say to them if they don t make the cuts? what have we seen? even here on the edge of the precipice, these guys don t make a deal. why would they make a deal down the road you? are going to need some degree of distrust. people holding hands. both sides of the extremes blocking this deal. no tax cuts on the one hand and other hand no cuts to entitlements. that s not reasonable. did you hear the triggers they were talking about. trigger for the republicans was going to be the decoupling of the bush tax cuts and for they wanted the trigger for the democrats t