April 5th, 2013

Sperling defends Obama budget, tells Tapper chained CPI was “necessary to break the gridlock”

Today on The Lead with Jake Tapper, Gene Sperling, the director of the National Economic Council and assistant to President Obama for economic policy joined the program to discuss the latest jobs numbers, the budget and MoveOn’s criticism of proposed Social Security cuts.

Sperling on budget compromise:

“But if you ask what we need to do to break the gridlock, one of the things that Speaker Boehner and Leader McConnell have said were necessary to break the gridlock they have asked for is this change in CPI.  And the president has been willing to agree to that as part of an overall agreement”

Sperling on MoveOn’s criticism of proposed cuts to Social Security:

“It’s not targeted at Social Security. It applies to all programs. It’s applies to how we index our tax revenues. And he has said it has to have protections in for older Social Security recipients, for those who are most vulnerable.  So, yes, there is some tough compromise we have to make, but the president is standing by the values in his budget…”