BLITZER'S BLOG: Too late to resurrect the deal?
July 25th, 2011
02:01 PM ET
9 years ago

BLITZER'S BLOG: Too late to resurrect the deal?

Washington (CNN) – We did learn some intriguing details about the debt ceiling negotiations in recent days. Both President Barack Obama and House Speaker John Boehner were ready to anger their respective bases in order to work out a deal.

To the dismay of many Democrats, President Obama was ready to support cuts in entitlement spending for Social Security, Medicare and Medicaid. He was ready to support what's called "means testing" – meaning that richer people would have to shell out more for health benefits under Medicare than poorer people. The president is also apparently ready to adopt a new cost-of-living increase formula that effectively would result in reduced Social Security and Medicare benefits. When I interviewed Independent Senator Bernie Sanders of Vermont the other day, he made it clear he hated those proposals.


Filed under: Debt • Deficit
soundoff (6 Responses)
  1. Four and The Door

    Obama had a deal with tax increases in his hand and he decided to try and get more?
    He obviously cares very little for Social Security recipients, the unemployed and the American taxpayer. His only concern, as it always has been is partisan politics. The results speak for themselves.

    July 25, 2011 02:15 pm at 2:15 pm |
  2. Bill from GA

    It is NOT too late. We just need a Congress that works for America.


    In the middle, not the middle extreme right.

    July 25, 2011 02:24 pm at 2:24 pm |
  3. Rudy NYC

    Mr. Blitzer, I don't think that there ever was a concrete deal. At best they may have had a framework in progress, but no committed deal.

    As much as Boehner and Republicans have complained over the weekend about the President "moving the goal posts", they conveniently overlook the fact that the President's "move" was a counter offer to a new Republican demand to remove the individual mandate from the ACA.

    July 25, 2011 02:30 pm at 2:30 pm |
  4. ConservaFASCISTS/Dutch, Bad Newz, VA

    Take all the deals off the table and pass a clean bill raising the debt limit. This does not have to get drawn out to the last second. However, all the deficit reduction plans should be on the table as soon as the debt limit is raised.

    July 25, 2011 02:32 pm at 2:32 pm |
  5. gt

    bernie sanders is a far far left wing radical who state is a tiny fraction of the rest of the country.... heck yes mean test the rich.. you want to tax them anyway... no wonder the morale of this country is in the ditch...ugh !

    July 25, 2011 02:40 pm at 2:40 pm |
  6. Steve_1choice

    Maybe I am missing something here so can someone please fill me in. Why is House Speaker saying we need to keep the big tax breaks for the rich so they can create jobs when we have a 9.1 unemployment rate? Shouldn't the rich be creating jobs and hiring these people? Are the million dollar bonuses getting in the way?

    July 25, 2011 03:07 pm at 3:07 pm |