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Hartmann: Warning To The Gang Of 12

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We now know what both sides in the Gang of 12 have on the table to begin negotiations to reduce our nation's deficit. And looking at the Republican and Democratic proposals...we're screwed. 

Last week - in a move that shocked many progressives - the six Democrats on the Gang of 12 offered up $475 billion in cuts to Medicare and Medicaid Cuts that a large majority of American disapprove of. Cuts to very popular programs that Democrats created. Again - this was in their FIRST proposal - meaning those cuts will only get steeper once negotiations start. And right on cue - Republican released their first proposal - one-upping Democrats on cuts to Medicare and Medicaid - calling for nearly $700 billion to be chopped out of the critical safety net programs. 

So now - if the Gang of 12 does come up with a compromise - it will almost certainly include deep cuts to crucial entitlement programs. The Campaign for America's Future weighed in on what's come out of the Gang of 12 so far. The organization wrote in a press release blasting the Committee members, "Millionaires and billionaires have had their incomes rise and their tax rates decline - it's not shared sacrifice to balance taxes on the wealthy with cuts to Medicare, Social Security or other programs that protect people who need help."

Roger Hickey, Campaign for America's Future joins Thom Hartmann



 

http://www.thomhartmann.com

Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

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The Gang of 12 consensus to cut social programs as... by Janet Loughrey on Thursday, Nov 3, 2011 at 4:25:14 PM
Janet it just might grow much larger,and louder. I... by GUY P. FRASER on Friday, Nov 4, 2011 at 4:42:52 PM
It was Obama's idea to create this group of corpor... by Not Chomsky on Friday, Nov 4, 2011 at 5:37:03 PM
Some people know just enough, about the topics the... by GUY P. FRASER on Saturday, Nov 5, 2011 at 5:21:39 AM
The very existance of this "gang" is proof in itse... by Marika on Saturday, Nov 5, 2011 at 9:06:50 AM
Please see this article: U.S. needs to make prog... by janet O'Connell on Sunday, Nov 6, 2011 at 10:53:26 AM