Originally Posted by KevinNYC
At this point, there's no details about anything right? I just tried looking for them and couldn't find anything
This would be part of the "grand bargain" the Obama has been talking about. This would require Republicans to vote increase revenue. That is tax increases. So Republicans would have to willing to move as well. It's like when you tell your girlfriend, that you're willing to drive across town to take her to that restaurant she's always talking about and sounds really expensive, but you offer to do it on a night when she is tired and has an early business meeting.
You make her an offer you know she's going to turn down, but you get credit for making it. This could be one of those. Where Obama gets to keep his reputation for being reasonable while it portrays the other side as being intransigent. The more they are seen that when, the more the lose the public and the more they lose political capital.
So it's a negotiating ploy and it's hard to know how to judge it since no specifics are attached yet. However, when he was on TV the other day Obama didn't sound too optimisitic they would reach this grand bargain.
You must have missed my second post on this page. Here's some details.
Obama got few complaints about his deficit-reduction plan during a lunchtime meeting Tuesday with Senate Democrats, administration officials said. But 107 House Democrats — more than half the caucus — have signed a letter declaring their “vigorous opposition to cutting Social Security, Medicare or Medicaid benefits.” And the complaints are likely to grow louder as Republicans press Obama for more details about his proposals to charge wealthy seniors more for Medicare coverage and to implement the Social Security inflation change, known as the chained consumer price index, or chained CPI.
That process is just now getting underway. In his meeting Wednesday with GOP lawmakers, Obama again outlined the offer he made in December to House Speaker John A. Boehner (R-Ohio) and more recently to more than a dozen Senate Republicans.
That proposal would replace $1.2 trillion in automatic spending cuts, known as the sequester, with $1.8 trillion in alternate policies over the next decade, including roughly $700 billion in fresh tax revenue. An additional $400*billion would come from reforms to Medicare, and $130*billion would come from applying the chained CPI to Social Security.