“There is no Gang of Six plan”
By: Conn Carroll | Senior Editorial Writer Follow Him @Conncarroll | 07/19/11 3:33 PM
A five-page document titled Bipartisan Plan to Reduce Our Nations Deficits was distributed to 49 senators by representatives of the Gang of Six today. President Obama quickly endorsed the document as being broadly consistent with the approach that Ive urged.
A quick read of the document provided by the Gang of Six (which is composed Senate Minority Leader Dick Durbin, D-Ill., Senate Budget Committee Chairman Kent Conrad, D-N.D., and Sens. Mark Warner, D-Va., Mike Crapo, R-Idaho, Saxby Chambliss, R-Ga., and Tom Coburn, R-Okla) shows that virtually no real details have been agreed to.
The plan claims to achieve a $500 billion aggressive deficit reduction down payment, but outside of a repeal of Obamacares CLASS Act, no specifics are identified. Instead the plan calls for discretionary spending caps (meaning no scpecific cuts have been agreed to) and other numerous budget process reforms.
The rest of the plan just kicks all decisions down the road to Senate committees. For example, the Senate Finance Committee would be charged with reporting legislation that would permanently reform or replace the Medicare Sustainable Growth Rate formula ($298 billion) and full offset the cost with health savings and find an additional $202/$85 billion in health savings, and maintain the essential health care services that the poor and elderly rely upon.
In other words, Finance would have to increase payments to doctors by $298 billion over the next ten years, find the money from other government health care programs to pay for it, then cut another $85 billion from government health spending, and accomplish all of these cuts without rationing care for those on government health programs. That isnt a plan, its a fantasy.
The Armed Services Committee is then charged with finding $80 billion in cuts, Homeland Security $65 billion, Agriculture $11 billion, Energy $6 billion, and Commerce $11 billion. All this budgeting from Democratically controlled committees that havent produced a budget in over 800 days!!!”
http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/there-no-gang-six-plan
paraphrasing Sen. Rand Paul on Hannity radio-
GANG OF SIX proposal is no proposed legislation at all-enormously complicated. Translating the proposal, it merely directs committees to recommend proposals.
The President has added more debt than all previous presidents combined.
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GANG OF SIX proposal-another deceptive circle fest.
The plan claims to achieve a $500 billion aggressive deficit reduction down payment, but outside of a repeal of Obamacares CLASS Act, no specifics are identified.
Republicans need to learn to cut this monstrously huge government the same way the Dems built - one piece at a time. The House Republicans need to find one significant cut (e.g, the CLASS Act) and say 'OK, cut this and we raise the debt ceiling enough for 60 days'. Have the House pass the new debt ceiling along with that one cut and tell the Senate and President to take it or leave it. If the debt ceiling doesn't get raised it will be because you wouldn't give us this one single cut.
Then in 60 days, find another program to cut and do the same thing. Don't take the pressure off. Force the other side to either accept a cut, or be the ones to not raise the debt ceiling. Keep the enormous fiscal mess as the central issue in the news every 60 days between now and the 2012 election.