Budget Balance Battle in Washington

As the budget wars continue in Washington both the White House and Republicans are talking about balance, but meaning very different things.

FOX News Radio’s Mike Majchrowitz reports from the White House:

The President often calls for balance, but he means between taxes and spending cuts. Republicans want balance between revenues and expenditures. Press Secretary Jay Carney says what the President wants isn’t a balanced budget but rather…

(Carney) “Deficit reduction large enough to put our economy on a fiscally sustainable path so the ratio of debt to GDP is below 3%.”

Oklahoma House Republican James Lankford says it’s odd that Democrats often praise Bill Clinton for balanced budgets during his administration.

(Lankford) “We know there were great economic days in the Clinton era when there were balanced budgets, but we want to have sustainable deficits from here on out. You can’t have it both ways.”

Balance… it’s the same word, but in Washington it has two very different meanings.

At the White House, Mike Majchrowitz, FOX News Radio.