David Gregory to POTUS on MTP "You gotta talk tough to seniors."

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34. Might have some errors but here's a rush transcript

DAVID GREGORY: You've got to talk tough to seniors--

PRESIDENT BARACK OBAMA: But--

DAVID GREGORY: --don't you about this? And say, something’s got to give?

PRESIDENT BARACK OBAMA: --but I already have, David, as you know, one of the proposals we made was something called Chain CPI, which sounds real technical but basically makes an adjustment in terms of how inflation is calculated on Social Security. Highly unpopular among Democrats. Not something supported by AARP. But in pursuit of strengthening Social Security for the long-term I'm willing to make those decisions.

What I'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors, making students pay higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. Those are the things that I'm not willing to do. And so--

DAVID GREGORY: Would you commit to that first year of your second term getting significant reform done? Telling Congress, "We've got to do it in--"


PRESIDENT BARACK OBAMA: No, no, no--

http://www.msnbc.msn.com/id/50314590#.UOB4Vr_ZfUg