Fiscal cliff: Dems, GOP sparring publicly over entitlement cuts, including Medicare

Published on December 2, 2012 at 11:38 PM · No Comments

The Sunday talk shows featured key Democrats and Republicans.

The Associated Press: 'Cliff' Talks: Geithner Invites GOP Counteroffer
President Barack Obama is ready to entertain Republican proposals for spending cuts, but GOP lawmakers must first commit to higher tax rates on the rich and specify what additional spending cuts they want in a deal to avoid the looming "fiscal cliff," Treasury Secretary Timothy Geithner said. "The ball really is with them now," Geithner, one of the president's chief negotiators with Capitol Hill, said during appearances on five Sunday talk shows (Smith, 12/2).

Politico: Graham: 'We're Going Over The Cliff' 
Sen. Lindsey Graham, blasting President Barack Obama's approach to averting a fiscal crisis, said Sunday [on CBS' Face the Nation] that the United States looks primed to go over the fiscal cliff. ... "This offer doesn't remotely deal with entitlement reform in a way to save Medicare and Medicaid and Social Security from imminent bankruptcy (Glueck, 12/2).

Earlier coverage included details of each side's plans --

The Wall Street Journal: Obama's Fiscal Cliff Offer
[Mr. Obama's proposal] is culled from his 2012 budget and breaks down into two consecutive stages. .... Stage Two, with a framework to be agreed by the end of the year and fleshed out in 2013, would include:
$350 billion in cuts over 10 years from health-care entitlement programs, including savings prescription drugs, hospital debt and premiums. $250 billion in cuts to other mandatory programs over 10 years (Lee, 12/1).

The Wall Street Journal: GOP Takes Aim At Entitlements
Senate Minority Leader Mitch McConnell outlined potential changes to Medicare and Social Security in an interview Friday, providing fresh clarity on the concessions Republicans would like to see from Democrats ... Mr. McConnell (R., Ky.) said bipartisan agreement on higher Medicare premiums for the wealthy, an increase in the Medicare eligibility age and slowing cost-of-living increases for Social Security could move both parties closer to a budget deal ... Some Democrats have said they were open to more so-called means testing in Medicare, which would charge higher premiums to higher-income recipients (Bendavid and Hook, 11/30).

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