Who had any faith in the “super committee”? Hands? Yeah, me neither.
Welcome back to GOP Blockitude. That didn’t take long:
Washington (CNN) – Democrats on the so-called “super committee” proposed during a closed meeting Tuesday a $3 trillion plan designed to slash the federal deficit but Republicans swiftly and decisively rejected it because it relied heavily on tax increases, according to several congressional sources from both parties. [...]
[T]his is the first time in the months since the committee began its negotiations that any group in the committee has offered a specific plan.
And who was that group who came up with a plan? The Dems. And who rejected that plan? Who blocked it? Who called it a “non-starter”? The Republican’ts!
In other words, business as usual.
However, there is good news. Part of the plan included cuts to Medicare and Medicaid, so rejecting the plan may not have been such a bad thing. Then again, it depends on what kind of cuts they were:
It would include cuts to entitlement programs like Medicare and Medicaid, which the Democratic sources described as a major concession from their party. In return Republicans were asked to go along with between $1.2 and $1.3 trillion in new tax revenue. [...]
Democratic sources made the point to say that Tuesday’s offer in the Super Committee was an attempt by Democratic members to reach for a ‘big deal’ and go beyond the $1.2 trillion in deficit savings required by the August debt ceiling agreement.
You know what would be a “big deal”? The GOP budging an inch instead of insisting on sabotaging every bill or plan because of their fixation on making President Obama a one term president. That would be, as Vice President Biden so eloquently put it, a big f’ing deal.
News reports out today suggest that Democrats on the Super Committee are proposing $400 billion in cuts to Medicare—$200 billion in cuts to benefits, and $200 billion in cuts to providers. It’s unclear what this means, and whether it’s true, but one thing is certain: there is a better way.