Is a 'Great Debate' Finally Beginning?

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Last week, Wisconsin Congressman Paul Ryan said the Republicans' plan to reduce the deficit would restructure entitlement programs and cut taxes. Yesterday, President Obama said he'd reduce the deficit by increasing taxes on the richest Americans and keeping entitlement programs as they are. But each plan carries risks for the author as well as the opposition, and both parties are struggling to maintain a united front. In the last two days before a two-week recess, is Congress setting the stage for compromise or a bloody political battle leading to next year's elections?

Credits

Guests:
James Oliphant - Chicago Tribune, Avik Roy - Bipartisan Policy Center / Foundation for Research on Equal Opportunity - @Avik, Ezra Klein - Vox - @ezraklein, Joseph J. Thorndike - Tax Analysts

Host:
Warren Olney