put out in his speech on wednesday that republicans are stealing from medicare to lower tax rates. that is not true on two grounds. number one, he said as an example, i don t need a tax cut of $200,000. they have to go to 30, i think it s 30 seniors each shelling out $#,000 each to support my tax cut. it won t affect a single senior. it has no effect on anyone over 55. when it does, the second falsehood here, the money for lowering the rates comes from eliminating the deductions and the exclusions and the loopholes exactly as recommended by the president s own deficit commission and exactly it was done in 1986 in reagan-tip o neil tax reform.
they have a balanced amendment to a cap on spending. now the white house and president acknowledge they have to give something. but a question of what they will give. they acknowledge they can t get what they call a clean debt ceiling bill. this has been the easiest bill to demagogue. but the debt ceiling will get raised. charles? the republicans have to demand something structural. not cuts here and there that you can reverse in the congress or next year. you need something to override that. it s been done in the past in principal you can override it in emergency. it s achievement that it will be a major accomplishment. bret: next topic the
going to get serious of entitlement reform. if they take them at their word why not them? are they not willing to do it? don t they have an obligation to run for president? i argue they do. chris christie says he is not running and we should take him at his word but there is plenty of time for someone to get in the race. even going in the fall there is plenty of time. people like mitch daniels are making up their mind and taking their time. bret: indiana governor. charles? rare for a party that doesn t have the white house to have a leader. the republicans are the ryan republicans. whether he will run for presidency, i think he should later in the year. if he doesn t, mitch daniels who believes what ryan does and put action in indiana would be a good sir gait.
156-269. two dozen krentist democrats sided with the unanimous g.o.p. against it. exhausted congress now leaves d.c. for a two-week recess. filled with republicans aggressively selling reforms on the intense partisan criticism. it s important for our members to go home and talk about the crisis they face. and the fact that the changes proposed would not affect one senior citizen in america. not one. the white house issues a statement saying it agrees with the goals to reign in spending but not the way it s doing it. it says if anything serious is to get done, it will take bipartisanship. precious little of either of that in today s vote. bret: okay, carl. enjoy the weekend. stocks were up today. dow added 57. s&p 500 gained five. nasdaq finished ahead four. industrial production rose .8 of a percentage point in march. the ninth straight increase. consumer prices went up by a half percentage point last month.
but 120 republicans defeated it. as 172 democrats protested by voting on present. budget resolutions are nonbinding, they plot the legislative course, including restructuring medicare. democrats say it s destructive. republicans are making bad choice decisions in that they end medicare giving away tens of billions of dollars to big oil. liberal alternatives featuring trillions in tax hikes and far smaller spending cuts defeated with bipartisan opposition. the congressional black caucus budget went down 3-1. the progressive caucus budget was crushed 5-1. liberals demanded restraction when one republican questioned their motives. we are at risk of insolvency and bankruptcy, because the socialist members of this body choose to spend money that we do not have. i would like the gentleman s word taken down for retches to certain member of the body as socialists. the official democratic alternative backed by nancy pelosi and leaders beaten