Analysts grim on deficit reduction deal
Published: Thursday, Nov. 22, 2012, 6:02 p.m.
WASHINGTON — New comments from top Republican lawmaker John Boehner slamming health care reforms illustrate how hard it will be for Washington to reach a deficit reduction agreement when talks resume next week, analysts said on Thursday.
President Obama and Congress will begin negotiating next week on a plan that could avert tax hikes and spending cuts set to begin in January that economists worry could push the economy over the “fiscal cliff” and into recession.
Boehner did not explicitly mention the “fiscal cliff” talks in an opinion piece published in the Cincinnati Enquirer on Wednesday. But he argued the nation cannot afford the costs of Obama's 2010 health care reform law, given the United State's sluggish economy and vast $16 trillion debt.
“That's why I've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge,” said Boehner, who is a key player in the talks.
Boehner's comments show it won't be easy to reach a deal on the thorny tax and spending issues, said Greg Valliere, chief political strategist at Potomac Research Group in Washington.
“There's an enormous gulf between the two parties on the details,” he said, noting it is still possible that Obama and Congress may agree by January to broad spending and tax measures, and then take months afterward to iron out details.
“Plunging off the cliff, then passing a tax cut in January that excludes the rich — is still a very live option,” Valliere said.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- High court climate case examines EPA’s power
- Climate contraptions get real consideration
- Scientists: Test West Coast for Fukushima radiation