reason to assume the republicans are going to change their mind. i think they are going to be more dug in having won their victory, essentially, on the debt ceiling, they feel they can flux their muscles more. we re not going to see revenue enhancers or tax increases on the wealthy even though the wealthy are taking home a larger slice of american total income than they have since 1928. nevertheless, they are not going to pay their fair share. that means there s going to be another struggle around thanksgiving or before thanksgiving, the same thing we ve been through already. what happens is congress is probably not going to reach agreement, that means the automatic triggers will come into effect and that s where the action is going to be. those triggers are going to make a lot of cuts in defense but also, probably, probably medicare and a lot of domestic discretionary programs. that is not going to be good for an economy that is still in the gravitational pull of this great
we are keeping a close eye on, because it is the belief of many that the bill authorizes a so-called special committee to repeal the bush tax cuts and also possibly set into motion other so-called revenue enhancers down the road. joining me now for an exclusive interview, somebody who voted for the compromise, and he s the chairman of the house budget committee, wisconsin congressman paul ryan. always good to see you. good to be with you. sean: i know it s been a long battle, a difficult process. why don t you give us your take on it. you voted for it, why you think this is good for the person people. because we re cutting spending. look, is this everything i want? of course not. our budget proposed to cut 6.2 trillion. this cuts $2..1 trillion to $2.4 trillion. we actually got discretionary caps inxñ>fk law. i ve been fighting forn@vgç thee spending caps ever since the day i came to congress. we couldn t get these kinds of spending caps in the bush administration.
and in the process kill job creation in this country? jon: well, talking about the president, in that speech last night he essentially insisted on revenue enhancers, as he called it, tax increases. even senator reid s new budget plan doesn t call for any tax increases. the president seem to be to the left of his own party on this. well, the reid plan, of course, the 2.7 trillion, he wants to front lead the increase in the debt ceiling and then make a promise that we re going to cut spending later. and, of course, the spending that he s talking about is a trillion dollars savings for the winddown in the wars in iraq and afghanistan, and a $400 billion savings on the interest on the debt. these things are going to happen anyway. that s smoke and mirrors. those are not true cuts like we have in john boehner s plan. jon: all right. we ll see where this thing goes. are you optimistic that there will be a deal? i m like my speaker, i was
the goose that laid the golden egg before you finally kill it, and in the process kill job creation in this country? jon: well, talking about the president, in that speech last night he essentially insisted on revenue enhancers, as he called it, tax increases. even senator reid s new budget plan doesn t call for any tax increases. the president seem to be to the left of his own party on this. well, the reid plan, of course, the 2.7 trillion, he wants to front lead the increase in the debt ceiling and then make a promise that we re going to cut spending later. and, of course, the spending that he s talking about is a trillion dollars savings for the winddown in the wars in iraq and afghanistan, and a $400 billion savings on the interest on the debt. these things are going to happen anyway. that s smoke and mirrors. those are not true cuts like we have in john boehner s plan. jon: all right. we ll see where this thing goes. are you optimistic that there
i know there are 50 republicans at least in the house of representatives who said it s our way or the highway, we re not even going to consider revenue on the table. we don t want any revenue enhancers, we don t want to deal with anything like that. all s we want to do is cut and cut and cut. and right now that would lead to more job loss in the private sector. i don t accept that. and many of the democrats and be republicans don t accept that. jenna: well, what are you seeing from, what do you see from the republicans that you agree with? is there, is there a space that you see, okay, this is where the compromise could begin? as you say, both sides are responsible. where is that space? yes. i think that the president put forth over $4 trillion in cuts during the next ten years, i think it s a great place to start with. this is the president came a long way, he conceded. i understand from his speech last night that he even took revenue off the table. so, i mean, we can t have a total