John Boehner and Mitch McConnell have written an op-ed attempting to convince Americans that the GOP is focused (and willing to work with Dems) on America's priorities "to cut spending, rein in government, and permanently extend the current tax rates. Senate GOP have promised to filibuster all legislation until a budget (sustaining tax cuts) is resolved and the House votes on tax cuts tomorrow.
On the other side of the aisle, Obama's Debt Commission report was released today. Highlights include cutting 200,000 federal jobs by 2020 (10% of the workforce), cuts in defense spending, $4 trillion in deficit reduction through 2020, reducing the deficit to 2.3% of GDP by 2015, tax code reforms costing the average taxpayer an extra $1,700/year, a government revenue cap of 21% of GDP, reducing debt to 40% of GDP by 2035 and raising retirement age. Yet the split bipartisan commission may fail to pass the measure.
The two parties came together yesterday for a meeting on the economy and tax cuts. "No formal agreement was made," writes WaPo, "but the meeting marked a sharp departure from the practice of the past two years, when Obama dealt almost exclusively with Democrats - in part because Republicans were content to try to block his every move." Ignoring WaPo's obligatory, reality-challenged snark, the meeting may have been a refreshing glimpse of less partisan times, but it achieved nothing.
The NY Times observes that conservative economic policy is enjoying a resurgence in popularity following the November elections. Let's see if the GOP is comitted to conservative economic policy.