Re: Gang of Six
On Tuesday morning, Coburn called Durbin to say he was dropping out. He later told reporters that the group was at an “impasse” and complained that Democrats were unwilling to do enough to cut spending, particularly on federal retirement programs such as Social Security and Medicare.
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Sunday, October 23, 2011
Re: Gang of Six
In addition to Chambliss and Coburn, the group includes Richard J. Durbin (D-Ill.), one of President Obama’s closest, and most liberal, allies; Kent Conrad (D-N.D.), chairman of the Budget Committee; Warner, who as the governor of Virginia negotiated with a Republican legislature to balance the state budget by raising taxes; and Crapo, a budget hawk who is close to Minority Leader Mitch McConnell (R-Ky.).
In addition to Chambliss and Coburn, the group includes Richard J. Durbin (D-Ill.), one of President Obama’s closest, and most liberal, allies; Kent Conrad (D-N.D.), chairman of the Budget Committee; Warner, who as the governor of Virginia negotiated with a Republican legislature to balance the state budget by raising taxes; and Crapo, a budget hawk who is close to Minority Leader Mitch McConnell (R-Ky.).
Thursday, October 20, 2011
Re: Supercommittee to Reduce the Debt
"There is no agreement on the scope of their ambitions: Should they aim to meet a savings target of at least $1.2 trillion over the next decade or “go big” with savings of $4 trillion or more? Nor is there agreement on a benchmark against which to measure those savings. And while individual ideas for savings abound, the committee has yet to assemble a comprehensive framework that would demonstrate its ability to produce a plan of any size before the Nov. 23 deadline."
"There is no agreement on the scope of their ambitions: Should they aim to meet a savings target of at least $1.2 trillion over the next decade or “go big” with savings of $4 trillion or more? Nor is there agreement on a benchmark against which to measure those savings. And while individual ideas for savings abound, the committee has yet to assemble a comprehensive framework that would demonstrate its ability to produce a plan of any size before the Nov. 23 deadline."
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