OcConnell: No medicare cuts,no debt ceiling deal

[ugonow]

blogs.wsj.com/washwire/2011/05/29/mcconnell-medicare-overhaul-must-be-part-of-debt-ceiling-deal/ Interesting. Republicans walk out on negotiations over subsidies to coporations and tax loopholes, much like Reagan passed in his Deficit Reduction Act, but insist on medicare cuts.......

[AgeOfEnlightenmentSCP]

Is he calling for cuts in excess of the $500 billion Obama and the Democrats just passed? We need more than cuts- we need reform.

[hello fromWarsaw]

That oughta push back the recovery for a couple months- then what ?

[hello fromWarsaw]

"We need more than cuts- we need reform."

You mean like HEALTH REFORM? Great idea!!

[formerexpat]

That oughta push back the recovery for a couple months- then what

Guess you're not much of a history expert. Many expert historians on the Depression believe government regulation and intervention is what sent the US into the extended depression.

Seems like history does repeat itself.

[hello fromWarsaw]

The only repeat is Pubs deregulation and lack of enforcement leading to a depression, and Pub austerity measures doing NOTHING for recovery, only adding to problems. Thank God this time the Dems got in IMMEDIATELY to stop the bleeding. All the Pub whining about a deficit that is no huge deal, and cutting spending that had saved jobs and demand is stall recovery- just like in the UK. You cut spending when the recovery is firm. Hopefully it will be enough.

[hello fromWarsaw]

The Dems stimulus worked in the 30's too. Unfortunately in 1937-8 FDR listened to the Pubs whining about spending and stalled out THAT recovery. Actually I am the biggest history expert around

Regulation might cut out some of the BOOM, but also a lot of the BUST pubs produce too.

[santorumolet]

Mitch is my hero!

Republican congressmen and senators seeking reelection, follow Mitch.