laundrie is still in the preserve. we ll tell you why. let s go outfront. and good evening. i m erin burnett. outfront tonight, biden s rosy scenario. a scenario not shared by key members of his own party. right now, democrats are locked in a stalemate that could kill the president s legislative agenda. president biden, though, not letting that get him down. you know me. born optimist. i think things are going to go well. i think we are going to get it done. and but i have meetings tonight, tomorrow, and for the next little bit. well, it may not be by the end of the week. i hope it s by the end of the week. #. all right. here is the issue. right now, progressives in the president s own party are holding his $1.2 trillion bipartisan infrastructure deal hostage because they want to vote, first, on a $3.5 trillion spending plan.
ukrainians whose lives are in jeopardy because the nation wasn t getting the military aid. he described the bridge that he saw on the other side were the russian-backed soldiers who were there posing a threat to the ukrainians. and i think that s something people are wrestling with on the hill now. it s not just politics. i don t know much but he doesn t look like a radical. no. and he s also someone who was appointed to that position, asked to take that position by secretary of state mike pompeo, who is arguably the president s most loyal cabinet member. this is not some deep despite what the president tried to tweet over the last 24 to 48 hours, this is not some deep state liberal. this is a career official whose worked for both democrats and republicans and was again, offered this job by pompeo. hey, gene, let s talk about momentum. our good friend big mo. not related to our good friend rosy scenario. is it possible as long as i repeat my mandatory rejoinder that no one ca
credit is imof him. we ll move the embassy to jerusalem, gets asked about it the other day, he says well we re thinking about it and i d kind of like to do and we ll let you know. lot of his commitments seem to be written on water, and become vapor really, so it depends on the mood he s in. you ve got congressional republicans and it seems to me that where things are going to re h a tough pass is over the budget which is coming uhm pret up pretty soon. the white house budget folks talking about 3.2% growth which is beyond rosy scenario. you ve been through budgets, we had the reagan and stockman issues and other rosy scenario, but this is beyond anything that we ve seen before, our growth has been about 2% or less for years now. and it s 2% or less at the time when the baby boomers are retiring, putting added pressure on the welfare state, the medicare and social security particularly at which point we need rapid growth to throw off
up your first chart that talks about revenue and look at this 50%, because that 50% of savings is what we are debating right now. the 50% on medicare savings that you said before were based on quite a few assumptions that may not actually take place. it s based on simply an assumption that you can bend the cost curve, take a rate of growth of medicare increases and suddenly have it become lower. zeke can go through i m sure line-by-line how this would happen, but i think you d have to agree this is not proven fact. this is a set of assumptions. absolutely. whatever you want to call it. you remember because you were a new york times reporter at the time. you remember what david stockman called these. the magic asterisk. rosy scenario. first of all, they are not rosy scenarios. l in the last three major reforms to medicare, cbo has always underscored how much we have actually saved.