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Detailed text transcripts for TV channel - FOXNEWS - 20150422:14:31:15
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Detailed text transcripts for TV channel - FOXNEWS - 20130325:22:05:00
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the united states of america is all about. absolutely we have to get serious about the deficit and that will require tough choices and sacrifice. i ve already shown myself willing to make these tough choices when i signed into law the biggest spending cut of any president in recent memory. in fact if you adjust for the economy, the congressional budget office says the overall spending next year will be lower than any year under ronald reagan. i m willing to make more of those difficult spending decisions in the months ahead. but i ve said it before, and i will say it again, there has to be some balance. all of us have to do our fair sha share. i ve also put forward a detailed plan that would reform and strengthen medicare and medicaid. by the beginning of the next decade it achieves the same
that means there would be no default you get the default that gets off the table but the president would then be responsible for all spending decisions, spending cuts and spending increases. that puts that around his neck, so to speak and takes the political problem away from the republicans and puts it on the president. some conservatives are saying mitch mcconnell s proposal is spineless because it kicks the can further down the road. reporter: it s spineless, say the conservatives, because it would in some circumstances allow the president to borrow more money and raise the debt ceiling without making any spending cuts at all. that s the problem the conservatives have here. alisyn: we shall she what happens today. will washington reach a debt deal before august 2? that deadline.
is it going to help the economy? that s what the president did. again this is a budget agreement and this is the principle he s going to use bringing forward. later this week the president is going to speak about his approach to long-term deficit reduction. is that approach, which is while we reduce the deficit and we have to do it and in a balanced way, can t be all on the backs of seniors and the middle class we have to be sure we take a balanced approach to this that allows us to win the future. we re not going to win the future in this country unless we invest in education, in research and development, innovation and infrastructure. that s going to be his north star in these spending decisions. how do we make sure that it is balanced? that we are investing in the things that are going to allow us to win in the future. but he does believe that could grow economically, to be a strong country, we can t sustain this fiscal situation. some don t agree with that but he believes stron
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