Obama Won't Balance Budget 'Just for the Sake of Balance'

President says proposal from Rep. Paul Ryan to balance budget in ten years is too painful.
3:00 | 03/12/13

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Transcript for Obama Won't Balance Budget 'Just for the Sake of Balance'
Paul Ryan today -- for his budget. And he says he's challenging you to come forward -- budget that also reaches balance are you gonna do that no I think that there is a possibility look balancing the budget. In part depends on how faster growing murmur you were in the Clinton administration the reason that you guys balanced it was a combination of some tax -- Some spending cuts and the economy -- And so. You know my goal is not to chase. -- balanced budget just for the sake of balance my goal is how -- we grow the economy put people back to work. And if we do that we're -- -- bringing in more revenue. If we've controlled spending and we've gotta Smart entitlement packaged and potentially what you have -- balance but it's not balance on the backs. You know the poor the elderly students who need student loans families who got disabled kids that's not the right way to balance our budget.

This transcript has been automatically generated and may not be 100% accurate.

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