Wednesday, October 26, 2011

Childish Republicans Block Yet Another Grand Bargain

Back in August, right after the passing of the debt ceiling deal and the subsequent reduction in the United States' credit rating, Congress setup a special, 12-member bipartisan joint committee to find an additional $1.5 trillion in budget savings by Thanksgiving.

Today Democrats from the committee revealed a plan that mimics President Obama's failed "grand bargain." Worth up to $3 trillion, the package includes $400 billion in cuts to Medicare, $80 billion in cuts to Medicaid, a tax increase on upper-income earners and a reduction in available deductions.

It should come as no surprise to anybody with a brain that Republicans find the tentative deal to be "outrageously absurd" and a "non-starter." Once again, Democrats have capitulated on entitlements, only to be rebuffed by Republicans because the deal includes a tiny tax hike.

Here's some advice to all your Republicans out there: Part of growing up entails learning to negotiate like a good, reasonable little boy. Can you do that? Huh? What if I give you a tasty cookie!?


Sources: Los Angeles Times, CNN

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