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National Economic Council Director Gene Sperling on the talking points of the State of the Union address.
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Everyone I'm -- -- President Obama gives his first State of the Union Address at his new -- tonight.
And he's expected to focus on the economy our -- Peter Barnes joins us from the White House now with a special interview on that Peter.
By it and that's right we talked to the president's director of the National Economic Council Gene Sperling a get a little preview of the president's remarks tonight take a listen.
-- -- in the details what the president's proposing tonight but the president's view is what he can do that delivers results for American people.
Now -- take housing refinanced we were able to make a lot of progress in opening the doors for.
Americans to refinance their home save up to 3000 dollars per year on their mortgage.
There is a lot that we -- able to do without congress but on the other hand.
To really affect millions and millions of more Americans and open the door for them to refinance and save more we're gonna need.
Legislation.
So the president is going to do whatever is best for delivering results if he can do that.
Three executive orders or through executive action will do that but a lot of the big things we need to do as a country can really only happen.
If we have bipartisan cooperation in passing legislation like housing refinance over -- -- to search for.
Big deal more spending cuts look at what we hear from the president about you know entitlement more dramatic changes in Medicare Social Security.
Maybe getting -- carried interest.
Tax report.
And the -- things like that we can hear about.
Well there's no question that the president is going to talk about the importance of having.
Bipartisan action on bringing our deficit down further and he will be.
Very clear that we need to do sensible entitlement reform.
To both strengthen our programs like Medicare but also to bring down the deficit but he'll make clear that needs to be done in a balanced way that would also include.
Tax reform.
That would close the loopholes and tax expenditures -- -- some of those revenues to bring down the deficit and that's the type of balance.
But I think you saw in the Simpson Bowles plan that's the type of balance he'll be calling for tonight as well.
Are we gonna see the president -- any outreach -- -- olive branches to Republicans.
To try and find common ground here you know -- next morning saying.
The -- -- -- to move public opinion to move congress really cool and then maybe we won't hear any kind of compromise -- common ground.
Well you know all I can say it's -- whatever the president has spoken about the -- certain.
About that's -- reduction.
First he's made clear that we have through bipartisan action.
Reduce the deficit by two and a half trillion dollars two to three dollars of spending cuts for every dollar revenue.
And that the path Ford can only happen in a bipartisan way.
We're neither side insists on giving a 100%.
What that really means is that we are gonna have to do the harder things which is have entitlement savings but we also can't expect as some Republicans might like.
That we're gonna do all the future deficit reduction on Medicare Medicaid education and that we can't find even a penny.
Of revenue from tax reform.
To help lower the deficit I mean let's remember there was only weeks ago that Republican speaker of the house John Boehner.
-- suggesting there were 800 billion dollars in savings that you could get from closing.
Loopholes in Pakistan nutritional well off Americans all we're saying this at some of that has to be part of a larger package with.
Entitlement reforms if we're going to reach our goal of four trillion dollars in deficit reduction of -- on energy.
The president announced today you know he supports moving forward keystone pipeline and what about -- you know Citi.
Climate change.
Carbon tax goes.
You know all I can say is that the president thinks that energy is a critical part of our economic future.
And he will certainly talk about that and he'll talk about.
That in in many ways but most specifically on the importance.
Of what that can mean not just for energy security but for economic security and for jobs and and innovation in our economy.
And then of course on the other issues that the president will talk about will be non economic for example we do expect -- this discuss gun control immigration reform.
And of course national security with -- all the news here about North Korea testing another nuclear bomb among other issues and -- --
