Friday, April 18, 2014

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Lawmakers Set To Debate Upcoming Presidential Budget Proposal

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Lawmakers in Washington are getting ready to do battle over the budget, once again, with a focus on Social Security.

President Barack Obama will unveil his budget plan this week.

He says it should revive the economy and reduce deficits in a balanced way.

But a proposed decrease in social security spending has raised the hackles of some Obama supporters.

The plan would also add $580 billion in new taxes, which Republican House Speaker John Boehner has already dismissed as a non-starter.

Obama's top advisor, Dan Pfeiffer, responded on "This Week with George Stephanopoulos" saying the GOP members who adopt a "my way or the highway" attitude have already lost.

"What this president will not do is come in right after getting re-elected, and enact the Romney economic plan, which is what the Republicans in the house are proposing," Pfeiffer said.

Obama is scheduled to meet Republican lawmakers on Wednesday to see if there's any common ground for a deal. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP