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Only $400 billion over 10 years. the senate rejected that 97-0. in april he offered another plan plan that was so fuzzy, thee head says we don t estimate speeches.tary, meanwhile the republicans offered several specific plans to deal with the national debt. plans that would devastate the economy and the country. in your opinion. but at least they had a plan. they had the cap cut and. balance, and you had no plan. in april the president of the united states put out a out framework that would do inefic reduction in the same period of time. but it is on fuzzy he couldn t square it. and he has been spending spe every day, every weekweekince negotiating negotiating on at cs workework that can pass and work. why have you had nois plan?a. that s not fair.i know i know the republican leadership says that, but it is not true.e. the nonpartisan head of the congressional office says weon can t score a speech. c t ....
One is the framework that theths president and the speaker of the house have talked about. i thought thast was dead. no, they are talking still.cn both the president and thend the speaker believe that the best thing we can do is put togethe together a very substantial contribution to get getting our fiscal house together. house vow sayin -g it is stillhe alive? bargain i i wouldn t say it that way,st i would just say there are two approaches before us.hat there are the comprehensive balance, entitlement savings for the future with tax reform that would generate revenues and help us solve this problem. abou there is also talk about aor plan with senator mcconnelloth and senator reid put forward. in they would take default off come the table and put in place ary special committee with special powers and move legislation to m achieve that same outcome. are you can solve this in two off te ways. table. the two key things are we will take the fault off the table through the election ....
Considerations.ical if i may ask the questions, sir.ask the que there is political considerations as well, butoures what you are saying is you would ensure hitting the debt ceiling now just to make sure y you don t possibly hit the t debt ceiling early next year. let me say it again.ou if you can get a thing thattl will kick this can down the road for six months, whyn tou aren t you grabing on to that al like a light preserver. d we are trying to avoid thevod fall today, but the specter of f the fall in the future. fut you may end up with thedefat, fall.on mc no, we are not going to end up there.et they are not going to putis y us in the position where the eef members of their party who have been threatening default, some are praying for default. pm it is a remarkable thing. they are not going to let thath. happen.om we are tmerying to do something more important than gethan through the second. we will lift the threat of default for the next 18 months i and we will try and pu ....
We will lift the threat of default for the next 18 months i and we will try and put inces place a framework that forces cs congress to make changes, notn e just in tax reform, but to g getting our house in fiscal order.rd how do you think the credit agencies hillary act if speaker boehner, and we will spe talk to him in a few minutes, wt uh nownszs a plan short-term cuts, short-term debt ceilingce increase with a mechanism for longer cuts and longer debtxt ceiling increase next year.tsre what the markets are going to look at, they will look atilk not just whether we successfully avoided the fall crisis, which i am confident we will, but they will look at whet whether we lift the cloud of ecfault off the american economy. and they will look at the quality of savings and reformsls wo put in place so we can demonstrate to the world and the american people, we will go back to living within our mes means. remember from the beginning it has been clear that you will need democrats and rep ....
In january in the state of theue union speech he didn t mention t the word debt until 35 minutes in. h in february he proposed a budget that cut the deficit only $400 billion over 10 years. the senate rejected that 97-0. in april he offered another plan plan that was so fuzzy, thee head says we don t estimate speeches.tary, meanwhile the republicans offered several specific plans to deal with the national debt. plans that would devastate the economy and the country. in your opinion. but at least they had a plan. they had the cap cut and. balance, and you had no plan. in april the president of the united states put out a out framework that would do inefic reduction in the same period of time. but it is on fuzzy he couldn t square it. and he has been spending spe every day, every weekweekince negotiating negotiating on at cs workework that can pass and work. why have you had nois plan?a. that s not fair.i know ....