President Obama, in an interview with ABC News released on Wednesday, said that the differences between Democrats and Republicans on spending and taxes may be too great to reach an agreement on the budget.
âRight now, what Iâm trying to do is create an atmosphere where Democrats and Republicans can go ahead, get together and try to et something done,â Mr. Obama said. âBut ultimately it may be that the differences are just too wide.â
If the Republicans wonât consider increasing revenues, or will only trade revenues for cuts to Medicare, Medicaid and Social Security, âthen we probably are not going to be able to get a deal,â he said.
The president called the recent meetings heâs had with Republican members of Congress âuseful,â adding that heâs learned âpeople donât always know what Iâve actually proposed.â The president will continue his outreach on Wednesday with a lunch meeting with House Republicans on Capitol Hill.
Responding to Representative Paul D. Ryanâs call for the White House to put forward a budget that would achieve balance in 10 years, Mr. Obama said that he would not âchase a balanced budget just for the sake of balance.â
The budget put forward by Mr. Ryan would make cuts to domestic government programs, including Mr. Obamaâs signature health care reform, overhaul Medicare and Medicaid and cut the top marginal income tax rate, while balancing the budget by 2023.
Mr. Obama, rejected this proposal, suggesting that Mr. Ryanâs budget would achieve balance âon the backs of, you know, the poor, the elderly, students who need student loans, families whoâve got disabled kids.â