The path to 218: Finding consensus on the debt limit

{mosads}”Currently, there is not a single debt limit proposal that can pass the House of Representatives, but I believe the path forward is to focus on what we can agree upon, and though it doesn’t go as far as our budget, House Republicans can likely agree with the general spending cuts and entitlement changes in the ‘big deal’ proposed by the President. That isn’t everything that we want, as the President’s proposal appears to be around $3 trillion in spending cuts, compared to the reforms and the more than $6 trillion in cuts House Republicans supported in the Ryan budget. I also believe that the President should release the basic framework and details of his spending cuts so that both Republicans and Democrats can make well informed decisions about something of this magnitude. To date, we have not seen the details of his plan and we must be able to – the stakes are too high for anything less.”