our next conversation is the national economic council director gene sperling. he is at the center of the discussion on budgets and fiscal policy. no one has more detailed knowledge of the administration's plan than gene sperling. [applause].. >> guest: it is absolutely the case that chairman ryan's plan does to, does get to $4 trillion quicker, over 10 years as opposed to 12. but we think that that is appropriate because we want, number one, we don't want to face things in at 9% unemployment in a way that in any way impedes our recovery. number two, we think it's important that as you are trying to control entitlement costs, trying to control the deficit, that you don't stop investing in the future in terms of education, research, science and things that are critical for our competitiveness. third, we do believe it is more important to protect the fundamental social compact that we see in programs like medicaid and medicare. and we think that the president put out a very serious plan. it had medicare and medicaid savings of 470 billion over 12 years. it had ove

please welcome gene sperling. [applause] ♪ ♪ >> hi, gene, good to see you. >> thanks, maria. >> you heard the conversation with congressman ryan. how does the president's plan differ? >> it differs because there's raising sense of balance that every category is on the table and there's shared sacrifice when doing fiscal disblip. now, the president put forward a very serious frame work, $4 trillion in deficit reduction over 12 years. it was praised by bowels and simp -- boles and simpson and every value day tore. it's the case that chairman ryan's plan does get to $4 trillion quicker over 10 years opposed to 12, but we think that is appropriate because we want number one, we don't want to face things in at -- phase things in at 9% unemployment in any way that impedes recovery, and it's important as you are trying to control entitlement class, trying to control the deficit, that you don't stop investing in the future in terms of education, research, science, and competitiveness. third, we believe it's more important

. >> reporter: president obama's economic advisor, gene sperling, pushed back hard. sperling said the cuts ryan wants to make in health care spending would jeopardize nursing home coverage for millions of older americans. >> we are not criticizing their plan, we are simply explaining their plan. >> reporter: while one election does not change everything, the results from new york are likely to make it even tougher to hammer out a compromise between two parties that don't trust each other. >> entitlement reform is the key to getting the debt and deficit under control. you can't do it simply by cutting discretionary spending. this just makes entitlement reform more difficult though. if everybody sees cutting social security or cutting medicare, cutting medicaid as some kind of political third rail, it's not going to get done. >> reporter: wilson says polls show ryan's medicare reform plan is about as unpopular now as president obama's health care overhaul proved in the last election. darren gersh, "nightly business report," washington. >> tom: the major indices were >>

home secretary geithner, gene sperling, going dallas trying to figure out how we do this -- and going down a list to figure out how we do this. the conservation programs which is food stamps. this is not fun stuff. keep that in mind, and you go back to the daily work, we can contribute here, too. we are in this together. everyone clearly once more jobs, more growth. and incentives to invest in the united states. more american investors, we find incentives to do tha the other measures encourage investment. this hearing is concluded. i am not totally convinced that these provisions had that much or if they are taken away given the huge profit margin because the price of oil is so high. this is not going to change the price at the gasoline pump. what i see i grant you we have to develop an energy policy. there is a lot that we haveo do. >> one last comment. i know that you are sincere enough to do that. my problem is, there is not a real good reason for raising this. if they raise these taxes congress will spend every dime. we don't have the capacity right now where a film that might wor

senator max baucus, treasury secretary geithner, gene sperling, congressman eric kanter, and the omb director are all part of those discussions. back to "the baltimore sun" about speaker boehner's speech. it says "there must be honest conversations about the health care program." we will show you a little bit of that press conference, as well. first, let's go to your thoughts. margaret, an independent in indiana. what do you think? caller: i believe that the republicans are really trying to defeat obama and they are taking it out on the classes -- the poor people in the middle class -- to benefit themselves. host: margaret, are you still there? caller: yes. host: did you finish up? caller: yes. host: we will go on to mike in fredericksburg, virginia. caller: i have a question and comment. my question is, is it ever going to be time to stop raising the debt ceiling? speaker boehner is right that the entitlements are what is driving the debt. i do not think that speaker boehner or anybody else really wants to stand up and tell the truth about the situation. we have created a society th

home secretary geithner, gene sperling, going dallas trying to figure out how we do this -- and going down a list to figure out how we do this. the conservation programs, which is food stamps. this is not fun stuff. keep that in mind, and you go back to the daily work, we can contribute here, too. we are in this together. everyone clearly once more jobs, more growth. and incentives to invest in the united states. more american investors, we find incentives to do that. the other measures encourage investment. this hearing is concluded. i am not totally convinced that these provisions had that much, or if they are taken away, given the huge profit margin because the price of oil is so high. this is not going to change the price at the gasoline pump. what i see, i grant you, we have to develop an energy policy. there is a lot that we have to do. >> one last comment. i know that you are sincere enough to do that. my problem is, there is not a real good reason for raising this. if they raise these taxes, congress will spend every dime. have the capacity right now where a film that might wo

speakers include bill clinton, paul ryan, gene sperling. live coverage begins at 9:15 eastern. >> there are three days of "book tv" this weekend. one of the largest said the sting operations. new releases with -- panels on feminism and the favor books of 2011. plus, michael more on his upcoming memoir. the untold story of barack obama's mother. find a complete schedule at book tv.org. >> today, the u.s. house took up debate on medical education funding. it included an amendment on abortion offered by virginia fox. this is an hour and 40 minutes. oman yields back. the gentleman from new york. >> madam chair, i move to strike the last word. the chair: the gentleman is recognized for five minutes. >> thank you, madam chair. i rise in opposition to h.r. 1216, the underlying bill. as a resident of update new york, where much attention has been given to today's spec election far congressional seat, people are saying loud and clear, hands off my medicare. mr. tonko: the republicans are once again putting us on the road to ruin. they are pushing fo

so in jack lew and gene sperling, and bruce reed, and jason furman, just exceptionally talented people. and the vice president is spending a huge amount of time, not just talking to the leadership on the hill, but one on one with exceptional care and discretion. he's been a huge amount of time making sure he

comments and then there were the administration's comments, especially trade ambassador kirk and gene sperling, the president's top economic advisor. they have made it clear that we will not submit the three free trade agreements, one with colombia, one with panama, one with south korea, until legislation has come to their desk to take care of the issue of trade adjustment assistance. this congress, because of some objections from the other side of the aisle, allowed the trade adjustment assistance language to expire in february. that simply means that many workers who lost their jobs because of free trade agreements -- or lost their jobs because of trade, not necessarily with countries we had trade agreements, were going to get some assistance -- they lost their jobs through no doing of their own. they are going to get some assistance so they can in fact get some assistance for retraining so they can go back to work. losing their jobs had everything to do with what happens in other ways, nothing to do with their job performance or even their company's job performance. so the president made th

home secretary geithner, gene sperling, going dallas trying to figure out how we do this -- and going down a list to figure out how we do this. the conservation programs, which is food stamps. this is not fun stuff. keep that in mind, and you go back to the daily work, we can contribute here, too. we are in this together. everyone clearly once more jobs, more growth. and incentives to invest in the united states. more american investors, we find incentives to do that. the other measures encourage investment. this hearing is concluded. i am not totally convincedhat these provisions had that much, or if they are taken away, given the huge profit margin because the price of oil is so high. this is not going to change the price at the gasoline pump. what i see, i grant you, we have to develop an energy policy. there is a lot that we have to do. >> one last comment. i know that you are sincere enough to do that. my problem is, there is not a real good reason for raising this. if they raise these taxes, congress will spend every dime. have the capacity right now where a film that might work