Kyl says debt deal is 'pretty doubtful'
Washington (CNN) - Arizona Republican Sen. Jon Kyl, a member of the congressional committee created to craft a bipartisan deficit reduction deal, said Saturday the group will work until the deadline, but it's "pretty doubtful" the bipartisan panel will forge a last-minute compromise.
Leaving his office in the Capitol on Saturday, Kyl noted the deadline for getting a compromise evaluated, or "scored," by the Congressional Budget Office is Monday.
"The hope was that even at this late date, they could take things that had been scored and put them together,” he said. “I think that's pretty doubtful at this point, but obviously no one wants to quit until the stroke of midnight."
Kyl noted that the last proposal the GOP floated to Democrats as a "last ditch effort" was a package of $640 billion in mandatory spending cuts and some revenue from closing one tax loophole for corporate jet owners, along with some government fees. This would only address about half of the super committee's mandate to cut at least $1.2 trillion over the next 10 years.
"We thought maybe that was a way to at least accomplish something and not come away with a goose egg, but it has been rejected," Kyl said.
Perhaps signaling resignation, Kyl pointed out that even if the 12-member panel fails to come up with a deal, the law creating the super committee requires automatic spending cuts to kick in.
"It would be better if we could reach an agreement on how to do it, but if we don't, there's the sequester that automatically occurs. So we're going to be reducing spending by $1.2 trillion no matter what," Kyl said.
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These cuts will not include Medicare ,medicaid and social security . The cuts mostly come from dod which is loaded with fat. The dod is the repukes jewels.they will try to stop these cuts . The democrats should allow the automatic cuts to proceed.
I guess all of us middle class citizens should be thankful we don't own a corporate jet. Get a grip on reality! We need much more contribution from those that live the wealthy, worry-free life to get this deficit headed in the right direction. What's wrong, is sacrifice only for the chosen "majority"?
I wonder if the good senators have all gone deaf? They seem to be unable to hear the people yelling to get ti together and do their jobs. I do hope there will be a clean sweep of everyone in office..a whole bunch of brand new baby senators coming in on the next vote. Hopefully they will have heeded the people and learned the fine art of compromise.
Of course its doubtful...has been since it started....I had no faith in elcted officials at all...not surprised...lets just finish off our country now...the gop hates america well maybe not the country but they do hate 99 percent of the population in it....sad
I guess all of us middle class citizens should be glad we don't own a corporate jet. Get a grip on reality! We need much more contribution from those who live a wealthy, worry-free lifestyle. Or is sacrifice only for the chosen MAJORITY?
Kyl you're terrible at your job. A balanced approach is what's necessary. If you want to cut 1.2 trillion, well you need to raise 1.2 trillion as well.
Kyl may have a point. The problem is that the Republicans need to get off their high horse and understand that taxes need to be raised. The Democrats also need understand that there needs to be a way to reduce spending on Medicare, Medicaid and Social Security. There is no one way to resolve the deficit Congress has built up.
Has anyone ever considered that these people are all supposedly educated adults who call themselves leaders. Unbelieveable. A true inspiration to all AMERICANS and someone our children can look up to. Evidently our education and value systems in this country has been in bad condition for longer than we thought. Please give your pay cheks back.
They could not even come up with half of the minimum. I guess this can be blamed on Obama as well since he is the reason Congress can't do their jobs. Or is it the lobbyist that run Congress . So much for going big and getting 4 trillion in cuts.
It's time to take this process out of the hands of politicans. How funny is it that the only revenue items is a loophole for corporate jets. The corporate jet lobbyist must have been missing in action.
I'm getting older by the day which makes me wonder if I will live long enough to see Kyl and his playmates accomplish anything that might make life easier for this generation!!! Probably not!!!!
where is his brains.
does he know what the past history of child labor?
now here is someone who has money but does nothing to make things better. why not support these schools and give them the money to have after school programs .get better teachers.be a part of the solution not the problem
"This was not meant to be a factual statement" Sen. Kyle
debt deal is 'pretty doubtful'
WELL NO KIDDING
How much would we save from cutting the politicians pay and benefits? If they can't do their jobs, what are we paying them for? All they do is blame each other.
Kyl and the other Koch brother puppets will make sure that the panel and America fails. That's why they set them up in the first place. Then they will blame President Obama like always
This is pitiful performance. All of congress needs to be fired. God forbid I were to have job performance so low. I'd be fired from my job in a heartbeat!
people know this...you are in the news...idiot...
And we pay these people for what? They cant even sit down and come to an agreement to to address what is a small portion of our debt. They wanted to close one tax loophole? you're kidding me right? We have over 1 trillion a YEAR in new debt and they cant cut a tenth of that? They should not get paid or be allowed to accept any campaign comtributions until this issue is resolved.