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Mon Nov 12, 2012, 12:03 PM

Leaked deal memo for last year’s Grand Bargain: “Obama willing to go quite far” [View all]

“This is a confidential document, last offer the president — the White House made last year to Speaker Boehner to try to reach this $4 trillion grand bargain. And it’s long and it’s tedious and it’s got budget jargon in it. But what it shows is a willingness to cut all kinds of things, like TRICARE, which is the sacred health insurance program for the military, for military retirees; to cut Social Security; to cut Medicare. And there are some lines in there about, “We want to get tax rates down, not only for individuals but for businesses.” So Obama and the White House were willing to go quite far.”

Yes, “quite far” indeed.

The Deal memo

Now from the memo, here’s a couple of tastes (view the whole memo here). The colored markup is mine. The penciled markup is presumably Woodward’s or his staff’s. On that suite of cuts, including cuts to military benefits:



On Medicare and tax rates:



On Medicare spending:



On Social Security and taxes:




oh shit:
http://americablog.com/2012/11/leaked-deal-memo-for-last-years-grand-bargain-obama-willing-to-go-quite-far.html

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Reply Leaked deal memo for last year’s Grand Bargain: “Obama willing to go quite far” [View all]
kpete Nov 2012 OP
emulatorloo Nov 2012 #1
Matt_in_STL Nov 2012 #2
emulatorloo Nov 2012 #3