Friday, October 28, 2011

Once Again, Boehner Says NO!

(photo by Joshua Roberts - BLOOMBERG)   

I've never agreed with anything House Speaker John Boehner(R-Ohio) ever said until today. He said "“I do think it’s time for everybody to get serious about this,” . He was talking about the work of the the bipartisan 12-member panel "Joint Select Committee on Deficit Reduction", better  known as the "Supercommittee".

Beyond his statement about "getting serious", Boehner rejected a Democratic proposal to trim the country’s debt by $3 trillion through an equal mix of new revenue and spending cuts. I disagree with Republicans vowing to refuse any plan that increases taxes.

The Washington Post reports that at a closed door meeting of the bipartisan 12-member panel on Tuesday, Democrats presented a plan to achieve $3 trillion in deficit savings over the next decade, a figure exceeding the minimum of $1.2 trillion in savings that the committee is charged with finding by its Nov. 23 deadline. The Democratic plan would cut as much as $500 billion from Medicare, Medicaid and other health programs and would raise taxes by $1.3 trillion; the proposal also would include $300 billion in stimulative measures.

The GOP plan would cut about $500 billion from Medicare over a decade and another $185 billion from Medicaid, these officials said.

Boehner also said that he remains opposed to the outcome that would occur if the supercommittee fails to achieve its goal – a $1.2 trillion across-the-board spending cut that would hit both defense and non-defense spending.
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