Debt supercommittee: Democrats reject last-ditch Republican offer [Well, here we go again. Between this and the euro problem, we may have the beginning of the end.]

By , Updated: Friday, November 18, 12:10 PM
The Washington Post Business/Economy 

Democrats on Friday rejected a last-ditch bid by Republicans to save the congressional supercommittee from failure, leaving the panel with no apparent path to compromise as the clock ticks toward a Thanksgiving deadline.

Having concluded that agreement looks increasingly unlikely on a far-reaching plan to raise taxes and restrain social spending, Republican members of the supercommittee worked with House Speaker John A. Boehner (R-Ohio) to develop a smaller “Plan B” that would stop far short of the panel’s goal of $1.2 trillion in deficit reduction over the next decade.

Graphic

A who’s who of the debt supercommittee

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A who’s who of the debt supercommittee

Graphic

If Congress can’t come up with a way to cut $1.2 trillion over the next 10 years, the Budget Act will do it for them unless some sort of postponement is worked out. A look at the deadlines that must be met and what happens if they’re not:

Click Here to View Full Graphic Story

If Congress can’t come up with a way to cut $1.2 trillion over the next 10 years, the Budget Act will do it for them unless some sort of postponement is worked out. A look at the deadlines that must be met and what happens if they’re not:

Instead, Republicans proposed to achieve $640 billion in savings, primarily through cuts to domestic agency budgets, a pay freeze and bigger pension contributions for federal workers, cuts in farm subsidies and an array of other spending cuts and revenue raisers.The offer, delivered Thursday to Senate Majority Leader Harry Reid (D-Nev.), included no cuts to the Pentagon other than attrition in the civilian workforce. It also included just one small tax increase, focused on owners of corporate jets, failing two key tests for Democratic negotiators.

Republican leadership aides said Democrats immediately rejected it.

“Now, our [supercommittee] Members continue to talk among themselves and with their Democratic colleagues about ways to reach the committee’s goal, and whether Democrats will agree to ANY spending cuts without job-killing tax hikes,” a GOP leadership aide said in an e-mail, speaking on condition of anonymity to discuss private negotiations.

Democratic aides said the proposal would have reduced sharp cuts to defense that are scheduled to take effect in 2013 if the supercommittee fails and replaced them with cuts that would affect the middle class.

As he left the Capitol Friday afternoon, Reid merely smiled when asked about the Republican offer.

“I’m going to be available to talk, if they’re willing to put forward something reasonable. If they’re not willing to put forward anything reasonable, there’s no point in talking,” he said.

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5 Responses to Debt supercommittee: Democrats reject last-ditch Republican offer [Well, here we go again. Between this and the euro problem, we may have the beginning of the end.]

  1. Audrey says:

    Jean,
    Thank you for sharing your story. You are a dear,
    Audrey

  2. Pingback: We can fix the ‘supercommittee’ – The Washington Post | Odds and Ends: Pit's Complete Waste of Bandwidth

  3. Audrey says:

    Jean,
    The August debt debacle was when I started paying attention.
    Boehner’s eyes are so blue.
    I don’t know what tomorrow holds for humanity.
    I have never been particularly religious, but I recently reread the story of the ark. In it, God states that the rainbow will the the symbol he will use to remind himself never to wipe the earth clean of people. Somehow that seems to me to be quite poetic and somehow lovely in a metaphorical kind of way.
    I’m 35. When I was in my early 20′s, I read quite a bit of Maslow and what struck me was his studies of people who had moments of – I can’t remember what he called it – but intense experiences of the beauty of life. He found that not everyone did, but those who did tended to be ordinary and reliable members of society. I have had those often lately – the beauty of the sky today was immense.
    Sorry my thoughts are so random.
    Have a lovely weekend, Thanks,
    Audrey

    • Jean says:

      Audrey, while your thoughts may appear random, listen to them, because I think they could be telling you something about yourself and/or your world. I think you are very likely one of those ‘ordinary and reliable’ members of society. I would say, from my own personal experience that you are having a direct experience with God, far more to be valued than a textbook/intellectual experience of God, which really has little value because it connects our mind not our heart to God.

      I’ve recovered from some pretty tough abuse, so tough that I blocked the experience until I was about 60. They told me my spirit never left me, but was always outside my body, because I guess, it was fearful after what had happened to me to be in my body. After I made the final, deep inner journey to understand my life in a toxic womb, I was given a break and told to go outside and relax, while my guide got on his bike and took a ride. When we met again about an hour later, all I could talk about was the beauty of the sky, of the flowers, of the colors. He told me then that I would be okay, because I had finally connected to the earth. He taught me, then, how to stay in my body, a habit which soon became unconscious. For many, many days it was almost too painful for me to see the beauty around me. At the same time, I didn’t want to get used to it – but I finally did. After almost an entire lifetime, to be able to see such beauty was a real gift.

      I guess my story is suggesting that you treasure such moments – and I believe you already do, because they are surely gifts from God!

      Hugs,
      ~Jean

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