| 00:00:10 |
Unidentified Speaker, -
THIS IS MOVING THE COUNTRY IN THE RIGHT DIRECTION. I THINK WE NEED TO PUT IN CONTEXT THE CIRCUMSTANCES WE HAVE FACED. FIRST OF ALL THE PRESIDENT INHERITED...
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| 00:12:38 |
Unidentified Speaker, -
THANK YOU. THANK ALL OF YOU FOR JOINING US TODAY. THE PRESIDENT'S BUDGET IS A BUDGET THAT IS GOOD FOR THE COUNTRY. IT IS GOOD FOR JOBS. IT IS GOOD IN...
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| 00:20:49 |
Unidentified Speaker, -
NOT USE RECONCILIATION IN A BUDGET THIS YEAR TO TRY TO HELP GET SOME OF THESE THINGS THROUGH? THAT IS THE MAIN REASON WHY THESE BUDGETS ARE USEFUL. AND...
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| 00:21:13 |
Unidentified Speaker, -
WITH RESPECT TO THE HOUSE LEADERSHIP AND I HAVE NOT SEEN THE FULL STATEMENT. I SAW SOME OF THEIR COMMENTS. FIRST OF ALL WE SHOULD HAVE WITH THIS -- WHAT...
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| 00:22:30 |
Unidentified Speaker, -
TAXPAYERS. >> [INAUDIBLE] IF THAT COMES TO THE FLOOR. >> I SUPPORT A STRAIGHT
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| 00:22:41 |
Unidentified Speaker, -
PAYROLL TAX CUT. I BELIEVE THERE WOULD BE. WE WILL HAVE TO SEE EXACTLY WHAT OUR REPUBLICAN COLLEAGUES ARE SAYING. WE HAVE BEEN MAKING THE POINT THAT...
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| 00:23:35 |
Unidentified Speaker, -
THAT IF YOU SEPARATED OUT THE TAX CUTS FROM THE LIGHTER PACKAGES COULD JEOPARDIZE UNEMPLOYMENT BENEFITS? >> LET ME
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| 00:23:44 |
Unidentified Speaker, -
BE CLEAR. I HAVE NOT SEEN WHAT THE REPUBLICAN PROPOSAL IS. WE SHOULD MOVE FORWARD ON THE THREE PIECES TOGETHER. IF WHAT THEY'RE SAYING IS WITH RESPECT...
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| 00:24:38 |
Unidentified Speaker, -
CHANCE TO GET HIS QUESTION ANSWERED. YOU MIGHT WANT TO USE RECONCILIATION. I HAVE NOT RULED THAT OUT. >> JUST A POINT
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| 00:24:53 |
Unidentified Speaker, -
ON THAT. WE WOULD WELCOME ANY OPPORTUNITY, JUST TO PUT IT IN CONTEXT. WE HAVE SEEN THIS EVER BEFORE TO GET A BALANCED APPROACH. IF YOU ARE GOING TO USE...
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| 00:25:55 |
Unidentified Speaker, -
A RESPONSIBLE WAY TO ADDRESS THE SECOND PROBLEM. YOU WANT TO OFFER A BUDGET THAT INCLUDES DEEPER CUTS IN THE OUT YEARS. HOW DO THOSE GO TOGETHER? IN...
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| 00:26:15 |
Unidentified Speaker, -
WE WILL HAVE A CHANCE TO TALK ABOUT THAT AT A LATER POINT. I HAVE OBVIOUSLY BEEN PART OF TWO OTHER EFFORTS, FISCAL COMMISSION AND THE GROUP OF SIX. IT...
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| 00:28:01 |
Unidentified Speaker, -
CALLED FOR NET SAVINGS OUT OF AGRICULTURE OF $32 BILLION. THAT IS ABOVE WHERE WE WERE AT THE END OF LAST YEAR. THE BIPARTISAN AGREEMENT BETWEEN THE REPUBLICANS...
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| 00:28:28 |
Unidentified Speaker, -
IT IS IN THE BALLPARK. >> [INAUDIBLE] >> THE SAVINGS WILL COME FROM
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| 00:28:37 |
Unidentified Speaker, -
A REDUCTION IN DIRECT PAYMENTS. >> BOTH OF YOU GUYS --
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| 00:28:42 |
Unidentified Speaker, -
THE WHITE HOUSE STATES THAT WANT TO REPLACE THE SEQUESTER TO $1.20 TRILLION. A LOT OF REPUBLICANS ON THE HOUSE SIDE HAVE TALKED ABOUT THAT. THIS SEQUESTER...
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| 00:29:20 |
Unidentified Speaker, -
BUDGET WOULD MORE THAN REPLACE THE SAVINGS OF THE SEQUESTER. THE DEFICIT SAVINGS ARE GREATER THAN YOU WOULD GET WITH THE SEQUESTERED. NUMBER TWO, IF...
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| 00:30:11 |
Unidentified Speaker, -
THE PROCESS IN THE FIRST PLACE? >> THE
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| 00:30:13 |
Unidentified Speaker, -
HOPE WAS THE SPECIAL COMMITTEE WOULD COME UP WITH A BETTER IDEA. ON BOTH THE REVENUE SIDE AND ON REFORM AND ENTITLEMENTS. UNFORTUNATELY, THEY DID NOT....
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| 00:30:42 |
Unidentified Speaker, -
WHAT THE SENATOR SAID. I JUST GOT A NOTE SAYING THAT WHAT THE SPEAKER PROPOSED WAS MOVING ONLY ON THE PAYROLL TAX CUT PEACE. THAT WOULD LEAVE MILLIONS...
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| 00:31:43 |
Unidentified Speaker, -
YOU'RE SAYING YOU WOULD VOTE AGAINST? >> IT IS IMPORTANT TO
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| 00:31:48 |
Unidentified Speaker, -
KEEP THESE THREE THINGS TOGETHER. AND AS I READ THE STATEMENT, HE IS TALKING ABOUT SOMETHING HE MAY BRING UP LATER THIS WEEK. I THINK THE CONFERENCE...
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| 00:32:11 |
Unidentified Speaker, -
STATE OF TALKS RIGHT NOW? SOME OF THE TALKS BREAKING DOWN OVER THE WEEKEND WERE PINNED TO LINK THE TIME. WHAT CAN YOU TELL US? >> I DO NOT WANT TO
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| 00:32:23 |
Unidentified Speaker, -
GO INTO A LOT OF ACTIVITY. THE DEMOCRATS HAD PROPOSED A PERMANENT DOCUMENT FIX. WE HAVE PROPOSED AFTER PART OF THAT THAT YOU USE SOME OF THE WAR SAVINGS....
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| 00:33:02 |
Unidentified Speaker, -
THIS IS NOT -- [INAUDIBLE] MONEY THAT WAS NOT GOING TO BE SPENT ANYWAY. HOW DO YOU RESPOND? >> WHY DON'T YOU
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| 00:33:14 |
Unidentified Speaker, -
LOOK AT THIS YEAR'S BUDGET AND SEE WHAT IS HAPPENING? THE WERE SAVINGS BUDGET, THAT HAS BEEN PUT ASIDE FOR THE WAR HAS BEEN USED FOR OTHER THINGS THAT...
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| 00:34:17 |
Unidentified Speaker, -
SHOULD BE SAID. THE REPUBLICANS IN THE HOUSE HAD IN THEIR BUDGET THE USE OF THESE FUNDS IN TOTAL AS OFFSETS. IN TOTAL. NOW THEY COME ALONG AND COMPLAIN...
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| 00:35:09 |
Unidentified Speaker, -
AGRICULTURE. IS THERE ANYTHING IN RURAL DEVELOPMENT AND PROGRAMS THAT WILL NOT BE POPULAR? >> WE HAVE
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| 00:35:20 |
Unidentified Speaker, -
TO HAVE SAVINGS FROM EVERY PART OF THE BUDGET. OUR PRESENT NORTH DAKOTA. -- I REPRESENT NORTH DAKOTA. I WORKED VERY HARD ON THE LAST TWO FARM BILLS. WE'RE...
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| 00:36:03 |
Unidentified Speaker, -
THANK YOU. >> WE WILL HAVE A CLOSER LOOK
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| 00:36:32 |
Unidentified Speaker, -
AT PRESIDENT OBAMA'S BUDGET TOMORROW. DEFENSE SECRETARY LEON PANETTA AND JOINT
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.