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.”
“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.”
Watch State of the Union with Candy Crowley Sundays at 9am ET. For the latest from State of the Union click here.
I don't see how all the criticism that the posters on here are saying about Obama and what he is proposing lines up. I think that there are some people that are going to say bad things about him, even if they have to make it up, regardless of what he does. It's time to get rid of partisanship in the US and begin being Americans again.
We already know that the republicans response will be NO! Cut social programs for those in need and give more to the corporations and big business. Oh, also the rich and cut, cut, cut anything for people in the middle class in real need! I've grown to hate my republican roots and have become more informed and not a republican zombie any longer!
How do the Dems win elections telling people they want to raise taxes???? If my taxes are raised, I don't spend as much, don't go out as much, don't travel as much, basically I store away my money in savings. Now how does that help our economy?