It included a lot of ideas left and right, and serves no purpose. No one will agree to the package, and no Democrat should.
Think Progess:
Three Good Ideas And Three Not So Good Ideas From The Chairmen Of The Debt Commission <...>
Here are the good ideas:
– Defense Cuts...
– Agriculture Subsidy Reductions...
– Revenue: The chairmen’s mark has revenue going to 19.3 percent of GDP in 2015 and then eventually up to 21 percent of GDP. Again, this is an important step in the right direction. The president’s budget plan calls for 19 percent of GDP in 2015, and that assumes the expiration of the Bush tax cuts on the richest two percent, along with a host of other revenue raisers. That the chairmen’s proposal results in slightly higher revenues for 2015 is, at the least, an admission that revenue must be part of the solution. I think they’re still a little low on the revenue side of things, but it’s a start.
As for the bad ones:
– Draconian Cuts To Services And Programs...
– Raising The Social Security Retirement Age...
– Revenue: It’s good that the chairmen recognize the need for more revenue. It’s bad that they don’t really tell us how they plan to get it. Instead they say they’ll get $80 billion from tax reform, and then offer three visions of what that reform might look like. Now this is just their initial proposal, and I’m sure it’ll get fleshed out more in the coming weeks, but for now, while their spending cuts are pretty specific, their revenue plan is frustratingly muddied.
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Good luck finding consensus on that package.
Suggesting defense cuts even brought war criminal Rumsfeld out of
hiding:
From the
PDFLong-Term Health Care Savings- Set global target for total federal health expenditures after 2020 (Medicare, Medicaid, CHIP, exchange subsidies, employer health exclusion), and review costs every 2 years. Keep growth to GDP+1%.
- If costs have grown faster than targets (on average of previous 5 years), require President to submit and Congress to consider reforms to lower spending, such as:
- Increase premiums (or further increase cost-sharing)
- Overhaul the fee-for-service system
- Develop a premium support system for Medicare
- Add a robust public option and/or all-payer system in the exchange
- Further expand authority of IPAB
How many Repulbican votes will that garner?
Kevin Drum:
Is the Deficit Commission Serious?I've been trying to figure out whether I have anything to say about the "chairman's mark" of the deficit commission report that was released today. In a sense, I don't. This is not a piece of legislation, after all. Or a proposed piece of legislation. Or even a report from the deficit commission itself. It's just a draft presentation put together by two guys. Do you know how many deficit reduction proposals are out there that have the backing of two guys? Thousands. Another one just doesn't matter.
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Ezra Klein:
There is no report from the fiscal commission <...>
Substantively, my impression of the report mirrors Hensarling's: Some of it I like, some of it I don't like, and some of it I need to think more about. But the report doesn't fulfill its basic purpose, which was demonstrating enough consensus among congressional representatives of both parties to convince the public and the political system that Congress is ready to make these choices. The reality is, we don't have a congressional fiscal commission, we don't have a report from the White House's fiscal commission, and we don't have a consensus on fiscal issues between the two parties. The co-chairmen have some interesting policy ideas for how to balance the budget, but as of yet, they've not made any discernible progress on the political deadlock preventing us from balancing the budget. And it's the deadlock, not the policy questions, that they were asked to solve.