Washington (CNN) – The fact that $1.2 trillion in automatic cuts would be triggered by the failure of the deficit reduction super committee to reach a deal made it harder for the committee to make tough decisions on entitlement and tax reform, Sen. Rob Portman of Ohio, a GOP member of the committee said Monday.
“I haven’t talked about this publicly at all. I do think having the sequester in place was important for the markets among others, because they knew there would be $1.2 trillion,” Portman said. “I think it was important to be able to pass the debt limit because there had to be some sort of trigger that guaranteed it.”
“On the other hand,” Portman said. “I think it made it easier to avoid making some of the tougher decisions on the mandatory side and on the revenue side. Think about it. Had there been no sequester trigger, and we were facing this reality of not being able to come together on these big issues, I think it would have been easier for us to come together as a group.”
Portman spoke to reporters shortly after the committee formally announced it was unable to make a deal and the $1.2 trillion sequester would be imposed.
So basically you can't do you job...
These cuts are going to hurt and there was no need to let it get this far. If the GOP would have realized that cutting taxes is the wrong thing to do, then they should have been practical rather than ideological.
Like I said all a long the Republican wanted this super Committee to fail from the start. They when Into this Committee with no plan on Compromise at all and they just what they did. And I till say that the Pledges the Republican sign should be against the Law because they all ready took a oath of Office when they was elected. In other word the broke the Oath they took. This Committee not work and fail Is all the Republican and Tea Party fault.
What a lame excuse....Why wasn't this addressed before taking on the job and getting paid to do nothing?
As an American I am not so shocked that Obama was given
the Nobel Peace Prize without any accomplishments to his
name, because America gave him the White House based on
the same credentials.
With their failure to reach a budget agreement, the so-called super committee have proven they are unable to govern. Each member of the committee should resign or be removed from office. We did not elect members of congress to fail in their duties. We did not elect the President to pass the buck. We need an immediate resolution of this deadlock. It is hurting all Americans and others throughout the world! Get to work congress or get out of the way for those more able and committed. You were right, failure was not an option!
Thank you Mr. President for saying NO to congress and promising a veto on "back tracking".
What a bunch of crap. The GOP was never going to give in on revenue increases, unless they were offset by tax reductions on the wealthy. Why they think this is a winning strategy, either politically or economically, just baffles me. The GOP's version of a negotiation is that they tell the Democrats what they want, and then the Democrats agree.