MOSCOW, Oct. 30 (Xinhua) Excessive incentives, including serious budget deficits, by developed countries have resulted in general instability and rising pric
occur? i think what we re going to look at down the road, particularly as you talk about serious budget and deficit negotiations is a question of now the president. if he decides to move on entitlement reform, where is the liberal wing of his party? where is the left ring of his par party. before even raising the notion of entitlement reform, talking about cpi, cost of living index, maybe changing some of those areas. grievances as well. add eavesdropping to the list. there s a lot of liberal complaints that have been under the surface because you have loyalty to democratic president. as the second term ticks on, people start staking out their own interest and caring less about the president. winners or losers, the president wins without a doubt here. he did not negotiate. republicans thought he would
have you met paul ryan? it is amazing. i thought i was good with arithmetic. he can run circles around me. he is honest and straight forward and sincere. the budget he came forward with is just like paul ryan. it is a sensible, straight forward, honest, serious budget. that was from september of 2011. that is the co chair of this president s debt commission. he is a former chief of staff for bill clinton who had good things to say as the man who would emerge as the vice presidential candidate for the republican ticket in 2012. we have paul ryan s rival now dan holland. there is not a unanimous point of anti-ryan views among your colleagues. what do you make of that and what he was saying about ryan? well, neil, as you may know i get along very well permanently with paul personally on paul ryan.
this. there is the potential for moderate democrats that might have a problem with some of the attacks. this is a sound bite from erskine bowles, the pick for the democratic chair for debt commission. this is september 2011, a speech he gave. have any of you met paul ryan? we should get him to come to the university. i m telling you, this guy is a amazing. i always thought i was okay with arithmetic. he can run circles around me. he is honest, straightforward, sincere. the budget he came forward with is just like paul ryan. a sensible, straightforward, honest, serious budget. it cuts the budget deficit just like we did by $4 trillion. bret: he went on to say there were differences with the specifics but that he applauded ryan on the $4 trillion number. chided the president for not getting $4 trillion. so that is his guy. his choice for the debt and
greta: back with karl rove. few more things to say about this budget. guest: just one thing. this is not a serious budget if you don t take on mandatory spending. cbo says 57% of the budget is mandatory spending plus 7% interest. so 64% of the budget is on autopilot and president has made no recommendations of mandatory spending. notices at serious budget. it s a political document designed to give him chances to go out in battleground states and talk about favorite subjects but not designed to be a serious attempt to deal with the fiscal problems facing the country. medicare goes broke in 2021, social security goes bankrupt in 2036. deficits drop slightly tending up in the long haul and he has