Washington (CNN) - The president will lay out his plan for long-term deficit reduction Wednesday, White House senior adviser David Plouffe told CNN Chief Political Correspondent Candy Crowley Sunday.
“He's going to lay out his approach very clearly,” Plouffe said on CNN’s “State of the Union.” “He's going to be clear about the types of deficit reduction we need in terms of dollar amounts over what period of years.”
Without getting “ahead of the president,” Plouffe said the President Obama will look at savings in Medicaid and Medicare, which he said is a “huge driver of costs.”
“How do we really preserve the program (Medicare),” Plouffe said. “How do we squeeze every dollar out of inefficiencies without putting all the burden on seniors, so yes, we are going to have to have more health care cost savings in this country, there's no question it's a huge driver of costs.”
Although he said the president does not believe social security is a contributor to the short-term deficit problem, he will “look at if there’s a way to strengthen social security for the long-term that doesn’t endanger anybody who’s a current beneficiary.”
“Defense spending, domestic spending, revenues are going to have to be part of this,” Plouffe added.
As discussions in Washington turn to the debt ceiling, the president’s former 2008 campaign manager said “we should not play brinksmanship with the full faith and credit of the United States.”
While some Republican members of Congress have suggested a balanced budget amendment to the constitution accompany a vote to increase the debt limit, Plouffe said “we shouldn’t have to amend the constitution to fulfill our responsibility.”
Congress must reach an agreement before the United States reaches its legal borrowing limit of $14.29 trillion.
“We just came together, Democrats and Republicans and it will be passed this week, a deal that has historic amount of annual spending cuts,” Plouffe said. “We clearly need to get on a pathway to deficit reductions so hopefully we'll act responsibly that members of Congress will see that we can reach agreement, but again we shouldn't play political chicken with the economy of this country, it would be irresponsible.”
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