registered three times before, twice last august and once in october. most house lawmakers are heading home at this hour they wrapped up the work together by voting on a series of budget plans. chief political correspondent carl cameron has the winner and the losers. reporter: on a near straight party line vote marx jurorty house republicans passed a nonbinding, $3.5 trillion spending plan for next year to cut $6 trillion from the $14 trillionial that debt in the next decade. we are serious about cutting spending because we all know that cutting spend willing reduce some of the uncertainty that is causing job creators to sit on their hands. reporter: only four republicans broke ranks to oppose the g.o.p. plan, unlike every democratic alternative would not raise taxes. it keeps taxes where they are and prevents massive tax increases. the only alternative that threatened the proposal, came from the conservative republican study committee. it would have cut more spending and rea
came to talk to us. what we got yesterday is the opposite of what he said is necessary to fix this problem. bret: wonder how it s shaping up. bring in the panel. steve hayes, weekly standard. karen tomoltee, political correspondent for washington post. syndicated columnist charles krauthammer. charles? well, it s a great day for america today, the fact that house of representatives overwhelmingly voted for the first serious plan to deal with american debt in decades. it s a risk. the par city jumping off a party is jumping off a cliff and it will depend on wisdom and seriousness of republicans when they vote next november. that will be the verdict to the wisdom of this. i think it s very important if they are going to win this debate, which i think they should, i think they have the arguments is to get ahead of the mean that the president
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.
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. excluding food and gasoline the core index increased by a
as president you start realizing we can t play around with this stuff. this is the full faith and credit of the united states. that but just an example of a new senator. making a political vote as opposed to what was important for country. i m the first to acknowledge it. bret: president obama talking to abc about the 2006 vote in the senate notting hill the raise debt ceiling as the vote is approaching yet again, now he pushes for it to be raised. that is where we start in the your chief online. that s the first choice in the friday lightning round. debt ceiling. back with the panel. steve? the last week-and-a-half tells us anything it s that the republicans have to press hard for concessions when they have an opportunity. the debt limit is the biggest and bet opportunity.