Also in this playlist...
This transcript is automatically generated
-- -- you've been with us throughout the broadcast this were it's exciting the budget battle.
It's underway in Washington and believe it or not it's been nearly four years since the Democrats last introduced -- -- that back on April 20 ninth of 2009.
But this year not earlier that Democrats in the senate producing a budget but so is the president he's a few months late he's actually defying the law.
But you know who cares tonight we want to give you a sense of what they're.
Posing these Democrats and these Republicans we begin -- -- house Republican -- like the name their budgets after.
Congressman the Ryan budget by the way this is the third Ryan budget produced by the Republicans in the past three years of -- the previous budget proposals.
This Ryan budget balances the budget.
In ten years.
And I've got to commend the congressman.
And the Republicans for doing so.
It also achieves four point six trillion dollars four point six.
In deficit reduction over the next decade.
There is one little niche one point eight trillion of that.
Is Obama care.
The repeal of obamacare -- -- -- get to that number but still -- hopefully very healthy number.
That we all of the house Republicans can't do that by themselves so let's take a look at the senate democratic budget it doesn't even achieve.
Half of that deficit reduction are only one point 85.
Over the next decade it's not even what was the present more -- -- expression balance.
-- taxes and spending cuts higher taxes spending now the senate Democrats want.
We've got a little -- -- -- 21.
In new attacks this so I'd feel some of exciting -- starting to wane here.
But this probably won't help the senate democratic budget doesn't balance no matter -- so in terms of deficits.
It never does get there zero.
Deficit reduction perpetual.
Infinite -- -- -- announced -- because there is entitlement reform.
The Ryan budget starting and 20/20 one anyone born in 1959 or later it's offered a choice.
Between traditional Medicare and a private plan.
That's twenty -- -- -- for the senate democratic budget.
Preserves Medicare and Medicaid programs in its current form.
Absolutely no aspect but that's more than just a problem because -- nothing is done to make Medicare more portable.
The program will explode.
It will double its current size within -- -- and look at this number of gonna put it right here.
500 in 92 billion dollars paid out.
-- -- Within ten years -- goes to one point one.
That is why.
These parties have no choice in the next two years I would say at the outside three years because this point.
If the democratic proposal for example.
Were to be put forward it's not it is not a budget proposal.
In point of fact if it were put together.
It would be the school so what's up.
Filter by section