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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSenator Rob Portman’s Compromise: Obama Can Keep His Daughters, I’ll Take Everything Else
Over the weekend, Politico reported on a "compromise" proposal to avoid default being floated by Rob Portman. The details of the plan were so bizarrely one-sided I literally assumed it was some kind of mistake and ignored it. But The Wall Street Journal reports the same plan today, and the details are pretty breathtaking:
Mr. Portman has recommended an agreement that would fund the government for one year at the level favored by House Republicans that would include plans to start lawmakers on an overhaul of the tax code. His plan also would raise the debt limit by an amount equal to deficit-reduction measures already backed by Mr. Obama in his most recent budget, including a switch to a new measure of inflation under which Social Security benefits would rise more slowly.
So the compromise here is that the government gets funded at levels of the Republicans' choosing, there are cuts to Medicare and Social Security, and instead of higher revenue, there's "tax reform." And we go through another debt-ceiling crisis within the next year. Politico's version adds the detail that Portman would insist that sequestration stay in place, mercifully absent from the Journal account.
The Journal describes Portman's proposal as a plan to "break the stalemate."
<snip>
http://nymag.com/daily/intelligencer/2013/10/portmans-compromise-obama-can-keep-daughters.html?mid=google
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Senator Rob Portman’s Compromise: Obama Can Keep His Daughters, I’ll Take Everything Else (Original Post)
cali
Oct 2013
OP
Proud Liberal Dem
(24,437 posts)1. What's not to hate in this *plan*?
I missed what we would get out of it.............
irisblue
(33,023 posts)2. rob portman
is George Voinovoichs' curse on Ohio. Portman is so entrenched into the Ohio republican structure, he'll be in the senate forever. sigh
BlueJazz
(25,348 posts)3. "cuts to Medicare and Social Security, and "tax reform."
Every time I hear one of these politicians, a piece of me dies and my fantasies of "Tony Soprano environment" flashes through my mind.
Ping..boom...bang...Problem solved.
But as Bill Maher says: Heh, Heh....I kid the Republicans.