'This Week' Transcript: Speaker of the House John Boehner

SPEAKER JOHN BOEHNER: --to balance our budget over the next ten years because it'll help American families and help preserve the American dream. The Senate is likely to finish their budget-- after-- the Easter recess. Hopefully-- we can go to conference on these budgets and hope springs eternal in my mind. We've got big differences, but if people want to begin to solve this problem, we're gonna have an opportunity to do it.

MARTHA RADDATZ: Senators Graham and Ayotte and other Republicans have said they're open to new revenue if the president is willing to do significant entitle reform. Is that something you could consider? And the Democratic leadership is reportedly now willing to sign onto entitlement reform if revenue is also on the table. Would you say no to that?

SPEAKER JOHN BOEHNER: The president got his tax hikes on January the 1st. The talk about raising revenue is over. It's time to deal with the spending problem.

MARTHA RADDATZ: President suggested cuts to Social Security and means testing Medicare. Is that enough? What more does he have to do on entitlements for you to consider additional revenue--

SPEAKER JOHN BOEHNER: We need to--

MARTHA RADDATZ: --or is that just no way?

SPEAKER JOHN BOEHNER: --we need to put the entitlement programs on a sustainable path. They're not today and Americans understand this. And the sooner we make changes to these programs to put 'em on a sustainable path, the easier it will be to make those changes.

MARTHA RADDATZ: Well, let me ask you this simple MARTHA RADDATZ: Is there any ratio of entitlement cuts to new revenues that you would--

SPEAKER JOHN BOEHNER: The president got his--

MARTHA RADDATZ: --say that the is three to one, four to one--

SPEAKER JOHN BOEHNER: --tax hikes. The president--

MARTHA RADDATZ: --nothing?

SPEAKER JOHN BOEHNER: --got his tax hikes on January the 1st.

MARTHA RADDATZ: So, the answer to--

SPEAKER JOHN BOEHNER: He r-- he--

MARTHA RADDATZ: --that is no?

SPEAKER JOHN BOEHNER: --he ran his election on taxing the wealthy. He got his tax hikes. But he won't talk about the spending problem and that's the problem here in Washington. This year, the federal government will bring in more in revenue than in any year in our history.

And yet, we will still spend a trillion dollars more than what we bring in. The American people have to balance their budgets. Businesses have to balance their budgets. Why shouldn't Washington balance its budget? It's good for our country.

MARTHA RADDATZ: Let-- let's move on to the Republican Party itself and-- and the CPAC conference this week. Two Republican Senators and possible presidential candidates spoke at CPAC, Senator Marco Rubio and Senator Rand Paul. But they had very different messages about the current state of the GOP. Senator Rubio saying, "We don't need any new ideas. The idea is call America and it still works." And this is what Rand Paul had to say.

SENATOR RAND PAUL (VIDEO): There is nothing conservative about bailing out Wall Street. Our party is encumbered by an inconsistent approach to freedom. The GOP of old has grown stale and moss covered.

MARTHA RADDATZ: Who's right? Has it grown stale and moss covered?

SPEAKER JOHN BOEHNER: Listen, I think-- the issue with our party is pretty simple. There's nothin' wrong with the principles of our-- of our party. But Republicans have not done as an effective job as we should in terms of-- of talking about our principles in terms that average people can appreciate.

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