Susan Ferrechio at The Washington Examiner sumarizes the current state of “fiscal cliff” negotiations:
The White House on Thursday offered House Republicans a deal that would raise $1.6 trillion in tax revenue in exchange for $400 billion in spending cuts that would “come later,” according to a top GOP aide.
Not surprisingly, the deal isn’t sitting well with Republicans. One called the offer “a joke.”
The deal, which Treasury Secretary Timothy Geithner offered in separate visits with House and Senate leaders on Thursday, also would allow for nation’s debt limit to increase without any additional cuts or reforms, something Republicans oppose.
The deal would also include other goodies for the Democrats, such as new stimulus spending, according to the GOP aide.
House Speaker John Boehner, R-Ohio, told reporters he was disappointed in the Geithner offer.
If this is the kind of “negotiating” the Obama administration is planning on sticking with Republicans (and the country) would be better served letting the sequestration cuts occur as scheduled and simply walking away. Doing this behind closed doors isn’t doing anyone any good. It’s time to pull back the curtain on this clusterf#%k…