From the Washington Post:
Senate Majority Leader Harry M. Reid (D-Nev.) is working with McConnell on this approach. Aides said the two are discussing a strategy that would pair McConnell’s debt-limit proposal with at least $1.5 trillion in spending cuts identified through bipartisan talks that Vice President Biden has led in recent weeks.
The deal also could create a committee of 12 lawmakers who would be assigned with identifying trillions of dollars in additional savings. The panel’s recommendations would be fast-tracked to votes in the House and the Senate and would not be subject to amendment, a process similar to the one Congress uses for closing military bases.
When progressives wanted the public option fast-tracked through the Senate by putting it in a reconciliation bill, Harry Reid simply choose not to do it. Yet now, Reid is working on a way to potentially allow a devastating package of cuts in Medicare and Social Security to move through the Senate at lightening speed.
Funny how is it that things always seems to work this way? The precious Senate rules can’t be bent — unless it is to force regular people to sacrifice.
We will see if The Commission Strikes Back makes it into any final deal but given President Obama’s obsession with the bipartisan deficit commission,
I suspect it is at least a decent possibility.





6 Comments

Support this site!
Subscribe to the newsletter
Advertise on Firedoglake
Send
us your tips
Make us your homepage
About FDL Action
I can only imagine how the exchange between McConnell and Reid went:
McConnell: I’m an going to totally cave to you guys.
Reid: No, you can’t out cave us. We are going to cave to you!
Catfood Two: The Kibble Boogaloo
last friday:
linkage
With Kent Conrad being the designated liberal.
MUST SEE: Keiser Report RT July 14; Today. “Survey: 50% of Americans receiving government assistance don’t believe that they are and believe in the rugged individual
free market myth hyped on the boob tube…; “Cantor selling short betting no debt ceiling…; Papandreuo (sp?) selling short… ; IMF after Italy’s gold, second highest state cache on the planet… Happy Bastille Day!
Our betters in DC believe American serfs are living a life needlessly superior to other serfs around the globe. Now open up and eat your peas…all of you!