Super Congress Dems Unveil MASSIVE Plan
HUFFINGTONPOST.COM - U.S. Democrats are proposing $2.5 trillion to $3 trillion in measures to reduce the budget deficit, including revenue increases and significant cuts to Medicare, congressional aides told Reuters.
The plan was unveiled Tuesday at a closed-door meeting of a special 12-member congressional panel, the so-called ''super committee'', that is tasked with finding at least $1.2 trillion in deficit reduction over 10 years.
It was the first formal proposal by Democrats on the committee and is aimed at galvanizing talks that are quickly running up against a Nov. 23 deadline.
The congressional aides did not say why Democrats were proposing such a big deal, but Democratic congressional leaders have repeatedly called on the committee to go beyond its mandate to fix the country's fiscal mess.
According to congressional sources, the plan includes a roughly equal mix of spending cuts and revenue increases; between $200 billion and $300 billion in new economic stimulus spending that would be paid for with lower interest payments from reducing deficits; and around $400 billion inMedicare savings, with half coming in benefit cuts and the other half in cuts to healthcare providers.
An aide to a Democrat on the committee told HuffPost that the Medicare cuts included in the offer are derived from markers the president had laid out in previous negotiations, and don't necessarily represent the position of the Democrats on the committee, who question whether there is any proposal at all that Republicans would accept.
Most Popular StoriesMost Popular StoriesMore>>
KHQ.com - If you were up late Saturday night and looking up at the sky, you were treated to a beautiful light show courtesy of Mother Nature. Independence Day fireworks are still about a month away, but Saturday's Northern Lights display was just as dazzling. Several of you shared your photos with us. Click through the slide show above to see some of the photos sent to us.>>
SPOKANE, Wash. - Jack Stockton, the former owner of Jack and Dan's Bar and Grill, and father of Hall of Fame basketball player John Stockton, passed away Saturday at the age of 89. Hennessey Funeral Home will be handling the funeral arrangements.>>
BROOKHAVEN, Miss. (AP) - Authorities say a shooting spree that left eight people dead in Mississippi began with a call regarding a domestic dispute. The Mississippi Bureau of Investigation said in a news release Sunday that three female victims and a Lincoln County sheriff's deputy were killed.>>
RIVERDALE, Utah (AP) - A 39-year-old Utah woman has been arrested after she allegedly locked her two young children in her car's trunk while she went inside a Wal-Mart store to shop. Riverdale police say witnesses heard the children ages 2 and 5 making noise and saw the car shaking, got the older child to pull the emergency latch and called 911.>>
SPOKANE, Wash. - Fire crews with Spokane County Fire District 9 responded to a report of a woman stuck on a log in the Little Spokane River Saturday. Firefighters say that due to thick brush along the banks and the bordering marsh, getting access to the river was difficult. Crews used a 100-foot aerial platform to quickly locate the woman from above.>>
COEUR D'ALENE (AP) - A late summer trial is scheduled for a former Lake City High School science teacher who faces lewd conduct charges. The Coeur d'Alene, Idaho, Press reports that a two-week jury trial is scheduled to begin Aug. 26 for Jeffrey Kantola. Kantola is charged with lewd conduct with a minor under the age of 16. The felony charges can carry up to 15 years in prison.>>