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Obama to Outline Deficit Reduction Proposal

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The Virginia Republican also questioned why the president would raise the issue of ending tax cuts on the wealthy after signing legislation in December that extended tax cuts for top income earners that were enacted under President George W. Bush.

So in my opinion its really hard to believe what this White House and the president is saying, Cantor said.

Republicans also said they would push for budget reform and more debt reductions as part of the debate over raising the debt limit, although Obama has said he wants a vote on a clean bill on raising the ceiling, without other provisions attached.

No one wants America to default on its debt, House Republican Conference Chairman Jeb Hensarling (Texas) said on State of the Union. But the government will have to find a way to cut up the credit cards as part of the debt ceiling discussion, he added.

On NBCs Meet the Press, Ryan said, You will need real fiscal reform as part of any debt ceiling legislation.

Senate Budget ranking member Jeff Sessions outlined some examples Sunday on CBS Face the Nation.

You could have a two-year budget, for example, instead of one. I think that would help. We can put statutory caps on spending. We can have a balanced-budget constitutional amendment that failed by one vote about a decade ago, the Alabama Republican said. So I think there are a number of serious things of that nature that we must confront. And the president just cant waltz in and say were going to have a debt crisis if you dont raise the debt limit, Congress, and were not going to have any changes and Im not going to support any changes. Hes going to have to meet Congress halfway really, the American people halfway.

Without concessions from the president, Sessions said, Congress wont vote to raise the debt limit. In a statement Sunday afternoon, Sessions called on Obama to resubmit his fiscal 2012 budget proposal with the specifics of the deficit reduction plan he is to outline in his speech this week.

Todays announcement that the President will deliver an address this week on deficit reduction is an apparent recognition that the budget plan he submitted to Congress, as required by law, fails to address our dire fiscal challenges, Sessions said in the statement. However, it will not be sufficient for the President to simply make a speech. ... The Presidents vision, whatever it is, must be presented in a detailed, concrete form.

Plouffe did not rule out a debt ceiling legislation that included fiscal riders. Those are specifics were going to get into down the road, he said on CNN.

But we should not play brinkmanship with the full faith and credit of the United States, he said on Fox News Sunday.

Ryan also defended his fiscal 2012 budget proposals against criticism from Democrats and health care advocacy groups. His plan would create a block grant system for Medicaid that would be carried out by the states and give seniors on Medicare a fixed amount of federal money they could use for private insurance. Critics say these proposals would result in substantial increased costs for the people enrolled in the health care programs.

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