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	<title>Politicker &#187; Republicans and Democrats Still Can&#8217;t Agree on How to Handle National Debt </title>
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		<title>Politicker &#187; Republicans and Democrats Still Can&#8217;t Agree on How to Handle National Debt </title>
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		<title>Republicans and Democrats Still Can&#8217;t Agree on How to Handle National Debt</title>

		<comments>http://politicker.com/2011/10/republicans-and-democrats-still-cant-agree-on-how-to-handle-national-debt/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 10:42:24 -0400</pubDate>
					<link>http://politicker.com/2011/10/republicans-and-democrats-still-cant-agree-on-how-to-handle-national-debt/</link>
			<dc:creator>Hunter Walker</dc:creator>
				
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		<description><![CDATA[<p><div id="attachment_9028" class="wp-caption alignleft" style="width: 310px"><a href="http://nyopoliticker.files.wordpress.com/2011/10/john-boehner-supercommittee.jpg"><img class="size-medium wp-image-9028" title="John Boehner " src="http://nyopoliticker.files.wordpress.com/2011/10/john-boehner-supercommittee.jpg?w=300&h=211" alt="" width="300" height="211" /></a><p class="wp-caption-text">House Speaker John Boehner (Getty) </p></div></p>
<p>Members of a bipartisan "supercommittee" formed to address the national debt can't seem to agree on a plan and it doesn't look like they will any time soon. <!--more--></p>
<p>Details of both parties' spending plans <a href="http://www.theatlanticwire.com/politics/2011/10/comparing-gop-and-democratic-super-committee-proposals/44203/">leaked online</a> yesterday. Democrats are pushing a plan that would save $2.5-$3 trillion through cuts to social programs and tax increases. Republicans want less tax increases and a $2 trillion savings. After both proposals leaked, insiders from both sides of the aisle bashed each other's plans.</p>
<p>House Speaker Boehner <a href="http://www.washingtonpost.com/politics/boehner-rejects-democratic-3-trillion-deficit-reduction-proposal-to-supercommittee/2011/10/27/gIQABPr2MM_story.html">rejected</a> the Democratic plan Thursday because of the tax increases.</p>
<p>"I don’t think it’s a reasonable number,” Speaker Boehner said.</p>
<p>The Democrats' proposal also faced  <a href="http://dyn.politico.com/printstory.cfm?uuid=EB026751-C88A-4487-9388-9B15EE13CC36">internal criticism</a>. Rep. Henry Waxman, a California Democrat told Politico the supercommittee was an "outrageous process" that was "not open and transparent."</p>
<p>"They don’t lay out proposals for examinations. They don’t get direct input on ideas," Rep. Waxman said.</p>
<p>Rep. Gerry Connolly, a Virginia Democrat, criticized the committee for leaving House Minority Leader Nancy Pelosi out of the talks.</p>
<p>“It’s a mistake to not bring Leader Pelosi into meetings. ... If she’s not a stakeholder in a final product, neither is the Democratic caucus,” Rep. Connolly said.</p>
<p>Some rank-and-file Republican lawmakers also <a href="http://www.politico.com/news/stories/1011/67045.html">expressed</a> unhappiness with their party's plan due to defense cuts.</p>
<p>The deficit reduction committee was <a href="http://www.lasvegassun.com/news/2011/aug/09/reid-appoints-senators-debt-reduction-committee/">formed</a> in August in the aftermath of the debt ceiling crisis when House Speaker John Boehner and President Barack Obama managed to reach a last minute deal that prevented America from defaulting on its creditors. There are <a href="http://money.cnn.com/2011/08/11/news/economy/debt_committee_members/index.htm">six Democrats and six Republicans </a>on the committee.</p>
<p>Though the government averted debt crisis at the buzzer in August, credit rating agency Standard &amp; Poor's still downgraded the U.S. rating from AAA to AA+. Without drastic deficit reduction measures, America risks facing further downgrades.</p>
<p>Under the terms of the August budget deal, if the supercommittee is unable to agree on a plan with at least $1.2 trillion in savings by November 23, it will trigger <a href="http://money.cnn.com/2011/10/26/news/economy/debt_committee/index.htm-reduction-committee/">automatic across the board budget cuts</a>. If the committee does manage to reach an agreement, it will be given protection from amendments and filibusters and will only need a simple majority rather than a supermajority to pass.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_9028" class="wp-caption alignleft" style="width: 310px"><a href="http://nyopoliticker.files.wordpress.com/2011/10/john-boehner-supercommittee.jpg"><img class="size-medium wp-image-9028" title="John Boehner " src="http://nyopoliticker.files.wordpress.com/2011/10/john-boehner-supercommittee.jpg?w=300&h=211" alt="" width="300" height="211" /></a><p class="wp-caption-text">House Speaker John Boehner (Getty) </p></div></p>
<p>Members of a bipartisan "supercommittee" formed to address the national debt can't seem to agree on a plan and it doesn't look like they will any time soon. <!--more--></p>
<p>Details of both parties' spending plans <a href="http://www.theatlanticwire.com/politics/2011/10/comparing-gop-and-democratic-super-committee-proposals/44203/">leaked online</a> yesterday. Democrats are pushing a plan that would save $2.5-$3 trillion through cuts to social programs and tax increases. Republicans want less tax increases and a $2 trillion savings. After both proposals leaked, insiders from both sides of the aisle bashed each other's plans.</p>
<p>House Speaker Boehner <a href="http://www.washingtonpost.com/politics/boehner-rejects-democratic-3-trillion-deficit-reduction-proposal-to-supercommittee/2011/10/27/gIQABPr2MM_story.html">rejected</a> the Democratic plan Thursday because of the tax increases.</p>
<p>"I don’t think it’s a reasonable number,” Speaker Boehner said.</p>
<p>The Democrats' proposal also faced  <a href="http://dyn.politico.com/printstory.cfm?uuid=EB026751-C88A-4487-9388-9B15EE13CC36">internal criticism</a>. Rep. Henry Waxman, a California Democrat told Politico the supercommittee was an "outrageous process" that was "not open and transparent."</p>
<p>"They don’t lay out proposals for examinations. They don’t get direct input on ideas," Rep. Waxman said.</p>
<p>Rep. Gerry Connolly, a Virginia Democrat, criticized the committee for leaving House Minority Leader Nancy Pelosi out of the talks.</p>
<p>“It’s a mistake to not bring Leader Pelosi into meetings. ... If she’s not a stakeholder in a final product, neither is the Democratic caucus,” Rep. Connolly said.</p>
<p>Some rank-and-file Republican lawmakers also <a href="http://www.politico.com/news/stories/1011/67045.html">expressed</a> unhappiness with their party's plan due to defense cuts.</p>
<p>The deficit reduction committee was <a href="http://www.lasvegassun.com/news/2011/aug/09/reid-appoints-senators-debt-reduction-committee/">formed</a> in August in the aftermath of the debt ceiling crisis when House Speaker John Boehner and President Barack Obama managed to reach a last minute deal that prevented America from defaulting on its creditors. There are <a href="http://money.cnn.com/2011/08/11/news/economy/debt_committee_members/index.htm">six Democrats and six Republicans </a>on the committee.</p>
<p>Though the government averted debt crisis at the buzzer in August, credit rating agency Standard &amp; Poor's still downgraded the U.S. rating from AAA to AA+. Without drastic deficit reduction measures, America risks facing further downgrades.</p>
<p>Under the terms of the August budget deal, if the supercommittee is unable to agree on a plan with at least $1.2 trillion in savings by November 23, it will trigger <a href="http://money.cnn.com/2011/10/26/news/economy/debt_committee/index.htm-reduction-committee/">automatic across the board budget cuts</a>. If the committee does manage to reach an agreement, it will be given protection from amendments and filibusters and will only need a simple majority rather than a supermajority to pass.</p>
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