Try to tell me that pic above isn’t an accurate representation of where we are at this moment:
Senate Majority Leader Harry Reid told the Senate Sunday that negotiators were closing in on a debt limit package, but he warned that unresolved questions remained and that “each of them must be resolved before we have a final agreement. And as we know, one problem can stop the whole agreement from going forward.”
[…] Reid also said that as part of an accord, a 12-member joint congressional committee will be created and given the task of achieving further deficit reduction, once a first round of cuts has been made.
“There are no constraints. It can look at any program we have in government,” Reid said of the new committee. “It will be essential to choose members with open minds willing to consider every option, even when the options are difficult to swallow for both parties.”
[…] Plouffe outlined the structure of an agreement between Obama and congressional leaders.
It would require an initial round of $1 trillion in deficit reduction, mostly or entirely coming from spending cuts, followed by work by the new congressional committee to recommend even deeper deficit reduction which would be achieved, said Plouffe, through “entitlement reform and tax reform.”
He said the committee would be mandated to recommend specific spending cuts, but it “is not going to be charged with just doing spending cuts only. The committee is going to be charged looking at our entire deficit reduction problem and look at things like tax reform and revenue.”
On Saturday McConnell told reporters that, “We all know that if the president decides to reach an agreement with us, the Democrats, most of them, will fall in line. He is the leader of the Democratic Party; he is the president of the United States. He needs to indicate what he will sign. And we are in those discussions now.”