The Rooster
"Okeydoke"
The Sequester resulted when the No Guts Republicans rejected The Grand Bargain. How quickly Bob Woodward forgets the truth over myth.
First Posted: 07/09/11 09:45 PM ET
Updated: 09/08/11 06:12 AM ET
WASHINGTON -- House Speaker John Boehner is rejecting (click here) President Obama's offer to make historic cuts to the federal government and the social safety net, saying in a statement Saturday evening that he can not agree to the tax increases Democrats insisted on as part of the bargain.
Boehner made his decision after speaking with the president by phone on Saturday afternoon, a day ahead of a major White House meeting with Democratic and GOP leadership, a Republican source familiar with situation said.
Obama had proposed to Republicans a "grand bargain" that accomplished a host of individual things that are unpopular on their own, but that just might pass as a huge package jammed through Congress with default looming. Obama offered to put Social Security, Medicare and Medicaid cuts on the table in exchange for a tax hike of roughly $100 billion per year over 10 years. Meanwhile, government spending would be cut by roughly three times that amount. It's no small irony that the party's dogmatic opposition to tax increases is costing the GOP its best opportunity to roll back social programs it has long targeted....
