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Obama, Pelosi, and Reid Have an Offer on the Table That Cuts Social Security, Medicare, and Medicaid
From the Washington Post:
That night, Obama prepared his party’s congressional leaders. He warned Senate Majority Leader Harry M. Reid (D-Nev.) and House Minority Leader Nancy Pelosi (D-Calif.) that he might return to the position under discussion the previous Sunday — that is, cuts to Social Security, Medicare and Medicaid in exchange for just $800 billion in tax increases.
Would they support him?
The Democratic leaders “kind of gulped” when they heard the details, Daley recalled.
By this time, Obama had become the face of the bitter debt-ceiling talks and his poll numbers were dropping. His allies on Capitol Hill cringed at his predicament but also at what he was asking them to do.
Dan Pfeiffer, the White House communications director, recalled that the president and his team felt the weight of the global economy “on our shoulders.”
“Is there political benefit to coming to a big budget deal with John Boehner? Sure,” Pfeiffer said. “But every other political and message imperative was thrown out the door to prevent a disaster and do the right thing for the country. That’s why we were willing to do things we wouldn’t normally do.”
Reluctantly, Reid and Pelosi agreed to do their best to support the plan.
Boehner, meanwhile, had gone dark. . . .
. . . White House officials said this week that the offer is still on the table.