Pfeiffer: House GOP proposing ‘Romney economic plan’

House Republicans are pushing for a "Romney economic plan," White House senior adviser Dan Pfeiffer charged Sunday.

"What the president will not do is come in right after getting reelected and enact a Romney economic plan, which is what the Republicans in the House are proposing," Pfeiffer said on ABC News's "This Week With George Stephanopoulos."

Pfeiffer's remark came as he was defending President Obama's budget blueprint, which is set to be released Wednesday. The plan cuts Medicare and Social Security spending and adds new tax revenue in an effort to reduce the deficit. The White House has been facing criticism from the both the political right and left over the proposal, with the former rejecting the call for new taxes and the latter expressing concerns about slashing entitlement spending.

"This is compromise and compromise means there are going to be some folks on both sides who are not happy," Pfeiffer said.

The House GOP plan that Pfeiffer linked to 2012 GOP presidential nominee Mitt Romney would eliminate the deficit by 2023. It would partially privatize Medicare for Americans under 55. Senate Democrats also have released a budget blueprint and Pfeiffer said the White House remains hopeful lawmakers can reach a compromise on their own.

As to the odds of an agreement, Pfeiffer said there is "good chance" of a deal this year, "if both sides want to compromise."

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