captioning sponsored by cbs "face the nation" with cbs news chief washington correspondent bob schieffer. and now from washington, bob schieffer. >> schieffer: and good morning again. we begin with congressman ryan who is back home in the city of parks-- jamesville, wisconsin. congressman, thanks for joining us. here's a little news. treasury secretary tim geithner told "meet the press" this morning that republican leaders have privately told the president they will not stand in the way of raising the debt ceiling. that, of course, the debt ceiling... if you don't raise it, the government would have to go into default on its financial obligations. have your leaders told you that they have told the president that? >> no, they haven't, but what they have also told me they've told the president is that, in addition to raising the debt limit, we want financial controls. we want cuts in spending accompanying a raising of the debt ceiling. that is what i believe they've told the...

we're just not signing on to all the tax increases that the president is proposing. on medicare-- let me just the he will you, no change would occur to anybody 55 years of age or above. the problem is medicare goes bankrupt in nine years. unless we do something to save it, it won't be there for future generations like my generation. the ideas we're talking about for reforming medicare is a