Posted on 04/19/2011 3:02:01 PM PDT by Qbert
Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts "after the President leaves office" as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
"Partisan speeches and promises of some future cuts after the President leaves office simply won't suffice," McConnell said in a statement.
McConnell appointed Sen. John Kyl, R-AZ to the panel, which Obama wants to start meeting in early May. It will be headed by Vice President Joe Biden.
In a speech last week, President Barack Obama - who has launched a 2012 re-election campaign - blasted as "pessimistic" Republican proposals for large cuts in federal spending without increasing taxes for wealthier Americans.
Obama proposed a "debt failsafe" that would make spending cuts and raise taxes in 2014, if Congress had not agreed to a deal by that time. Cuts triggered by the failsafe would not include Medicare, a program which Republicans have targeted for restructuring to save costs.
(Excerpt) Read more at ibtimes.com ...
- Exactly!
One year at a time. This new Zer0 12-yr horizon is totally bogus.
At first I took it as refusing to consider budget cuts.
It would never last 12 years.
Yep.
Otherwise, by 2014, there will be some new government-created “crisis” that the media will tell us requires another massive Trillion dollar bailout, and that Obama’s “failsafe” will have to be disregarded, and if we don’t do it, the sky will fall, etc, etc.
Obama does a 12 year plan because CBO does not score pass 10 years.
Obama does a 12 year plan because CBO does not score pass 10 years.
Why did Boehner appoint Cantor, and NOT Ryan?
Something tells me that McConnell doesn’t believe Obama will get reelected.
rejected the notion of committing to future budget cuts “after the President leaves office”
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