Democrats' "deficit cutting" wish list in Supercommittee: $447 billion in new government spending
In mid-October, with just five weeks until their deadline, each side produced “wish lists” to show where they were negotiating from.
Aides were shocked with what those demands looked like.
House Republicans wanted to repeal Obama’s health care law, implement the controversial House GOP budget drafted by Rep. Paul Ryan (R-Wis.), save $700 billion by block granting Medicaid, cut $400 billion in mandatory spending, slash another $1.4 trillion in other health care mandatory spending, save $150 billion by slicing the federal workforce and put a $60 billion cap on tort reform.
Republicans were no more pleased to see what Democrats wanted: the president’s $447 billion jobs bill plus well over $1 trillion in new taxes. . . .
Labels: deficits
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