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"Insiders on the panel say that the deal being offered by Democrats is less than $1 of spending cuts for every $1 of new taxes. Democrats want to count the $900 billion of discretionary spending cuts already agreed to in the debt bill and $1 trillion in troop withdrawals from Afghanistan and Iraq, which may not happen. Meanwhile they are insisting on close to $1.2 trillion of tax increases in exchange for less than $1 trillion in entitlement reforms. The president's own deficit reduction committee, Simpson-Bowles, offered $2 of cuts for every $1 of new taxes. The GOP House budget passed last spring contained some $4.5 trillion in cuts—three times more than the super committee must find."
Of course the Dems have every incentive for negotiations to fail.
"Insiders on the panel say that the deal being offered by Democrats is less than $1 of spending cuts for every $1 of new taxes. Democrats want to count the $900 billion of discretionary spending cuts already agreed to in the debt bill and $1 trillion in troop withdrawals from Afghanistan and Iraq, which may not happen. Meanwhile they are insisting on close to $1.2 trillion of tax increases in exchange for less than $1 trillion in entitlement reforms. The president's own deficit reduction committee, Simpson-Bowles, offered $2 of cuts for every $1 of new taxes. The GOP House budget passed last spring contained some $4.5 trillion in cuts—three times more than the super committee must find."
Of course the Dems have every incentive for negotiations to fail.
Ok, carry on!
I am not sure either side is offering anything near balanced.
"The actual Republican position as of this writing submits to $250 billion in semi-phony revenues but seeks to add $3.7 trillion to the 10-year deficit"
The right proposing even more outrageous spending, how unsurprising
Of course you still choose a story from a LWNJ source and choose to slam the Republicans though.
Just looking at the most current proposal. I don't care about the interpretation of the proposal, just what is proposed. Source is irrelevant as long as facts are provided and prove to be true. I am capable of forming my own interpretation.
This is the Republican solution to fixing the economy?
Well, by all means, what have the dems brought? Please tell us...
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