Four-Year Debt Ceiling Deal Considered By GOP
Four-Year Debt Ceiling Deal Considered By GOP
Tuesday, 15 Jan 2013 04:17 PM
By Stephen Feller
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Republican leaders in the House want a possible deal that would raise the debt ceiling high enough to cover government overspending for the next four years while also extracting spending cuts from Democrats who oppose them.
Members of the majority leadership team also weighed debt limit ideas that would cover a few months, one year or two years at a strategy session before the House GOP opens its full conference retreat, according to Roll Call.
The four year idea is the most sweeping, however, because in exchange for eliminating the debt limit debate for the rest of President Barack Obama’s second term, House leadership would ask at least for tax reforms and entitlement cuts.
“We have an opportunity to inject years of certainty while doing some fundamental tax reform and entitlement reform,” said Rep. Steve Southerland of Florida, the sophomore class leadership representative, who was at the meeting.
Other ideas were discussed at the leadership session, including other time frames for how long to increase the debt ceiling, however decisions will not be made until the rest of the Republican caucus arrives for the conference.
After a contentious end to the 112th Congress that saw public fighting among members of the party, the focus of the GOP conference will be on finding ways for the caucus to compromise and unite behind ideas in Congress, according to Rep. Lynn Jenkins, R-Kan., the chair of the conference.
© 2013 Newsmax. All rights reserved.
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Tuesday, 15 Jan 2013 04:17 PM
By Stephen Feller
More ways to share... Mixx Stumbled LinkedIn Vine Buzzflash Reddit Delicious Newstrust Technocrati Share: More . . . A A
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Republican leaders in the House want a possible deal that would raise the debt ceiling high enough to cover government overspending for the next four years while also extracting spending cuts from Democrats who oppose them.
Members of the majority leadership team also weighed debt limit ideas that would cover a few months, one year or two years at a strategy session before the House GOP opens its full conference retreat, according to Roll Call.
The four year idea is the most sweeping, however, because in exchange for eliminating the debt limit debate for the rest of President Barack Obama’s second term, House leadership would ask at least for tax reforms and entitlement cuts.
“We have an opportunity to inject years of certainty while doing some fundamental tax reform and entitlement reform,” said Rep. Steve Southerland of Florida, the sophomore class leadership representative, who was at the meeting.
Other ideas were discussed at the leadership session, including other time frames for how long to increase the debt ceiling, however decisions will not be made until the rest of the Republican caucus arrives for the conference.
After a contentious end to the 112th Congress that saw public fighting among members of the party, the focus of the GOP conference will be on finding ways for the caucus to compromise and unite behind ideas in Congress, according to Rep. Lynn Jenkins, R-Kan., the chair of the conference.
© 2013 Newsmax. All rights reserved.
Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Politics/debt-ceiling-overspending-cuts/2013/01/15/id/471564#ixzz2IJlJslpr
Urgent: Should Obamacare Be Repealed? Vote Here Now!
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