Sen. Ron Johnson: Might 'Look at' Revenue With Entitlement Reform

ABC News

Johnson 'might look at' new revenues if they are brought into entitlement reform

JOHNSON: Listen, if you - if you're taking a look at, in a entitlement reform package, in term - you know actually bringing in revenue for those entitlement reforms, I might look at that. But the fact of the matter is - the fact of the matter is, we already have a $1 trillion in middle income tax increases hitting us in Obamacare. They're hidden, but it's middle-class…

Below you can find some of the notable comments made Sunday on "This Week with George Stephanopoulos." Guests included former Florida Governor Jeb Bush; Sen. Ron Johnson, R-Wis.; DNC Chair Rep. Debbie Wasserman Schultz, D-Fla.; ABC News' George Will; Nobel Prize-winning economist and New York Times columnist Paul Krugman; and Bloomberg News White House correspondent Julianna Goldman.

Krugman says Bush's 'big whopper' is that he has no 'impressive' plan for the economy

KRUGMAN: So, I just learned something really important from this interview about Jeb Bush which is he's one of those people who says frankly just before he delivers a big whopper. So that frankly we're going to deal with the deficit by economic growth. Come on. He has no plan.

Johnson and Krugman spar over the facts of entitlement reform

KRUGMAN: Just a question, you say let's start with the facts, but there - we've just - we've just run aground right there, we cannot agree on…

JOHNSON: You've made my point - you've made my point, we have to agree on the facts.

KRUGMAN: But your facts are false.

JOHNSON: No they are not. They are not false.

KRUGMAN: The Social Security thing, Social Security is - there - it has a dedicated revenue base. It has a trust fund based on that dedicated revenue base. You can't change the rules midstream and say, oh suddenly…

JOHNSON: See here's - here's the problem, here's the problem with the trust fund, the federal government owns U.S. Treasury bonds, it's the same thing as if you have $20.00, you spend it. And by the way, that money is spent, it's gone. You write yourself a note for $20.00, stick it in your pocket and say, I got 20-bucks.

Wasserman Schultz praises Sandberg for telling girls 'it's ok to be ambitious'

WASSERMAN SCHULTZ: Just look at the reaction - what the reaction to Sheryl Sandberg's book has done. It's evidence of how it is so hard for women to wear our ambition on our sleeves, to pursue our dreams, to believe that we can reach the top of any profession and that we should always shoot for the stars…and what Sheryl Sandberg has done for little girls, my two daughters and children across - little girls across America - is written a book, a manifesto that says it is OK to be ambitious. It's OK to want to have it all, that balance is important, but that there is nothing wrong with trying to have a full professional life and be a leader and succeed as a woman and also having a full family life. You don't have to choose. It can be both/and.

Will calls his children his 'biggest achievements'

WILL: My four biggest achievements in life are named John, Jeff, David and Victoria. They're children. And I think we all feel the same way. And when Ann Marie Slaughter causes a huge national uproar with an article in I guess "The Atlantic" saying women can't have it all after all. I have news for her, no one can have it all.

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