“Democrats on a special Congressional committee assigned to reduce the nation’s debt load on Wednesday made their first offer to Republicans based on earlier budget talks that ultimately collapsed,” the New York Times says. “A majority of the 6 Democrats on the 12-member panel threw their support behind a plan that they said incorporated some ideas discussed over the summer by President Obama and Speaker John A. Boehner.”
More: “The Democratic plan would trim much more, a total of $2.5 trillion to $3 trillion, through cuts in the growth of federal entitlement programs, including Medicare, and more than $1 trillion in new tax revenues.”
The Washington Post: “Republicans quickly rejected that offer. Senior aides called the tax and stimulus provisions unacceptable. The GOP countered Wednesday with its own plan to tame the debt without raising taxes.”
“Members of the so-called ‘super committee’ emerged in public today after weeks of closed-door meetings but did little to address growing doubts in the Capitol about their ability to agree on a major deficit-reduction plan,” the Boston Globe writes.
Liberal group Americans United for Change takes aim at Paul Ryan in a Web video for him yesterday deriding the “politics of division” and charging that President Obama is “sowing social unrest and class resentment.” The group asks, “Has Paul Ryan met Paul Ryan?” It links together his floor statements, and media interviews, including him saying the health care bill would raise taxes on small businesses and workers, cost 5.5 million jobs and would be a “government takeover,” and him agreeing that “America is on the road to serfdom,” and agreeing with Rick Perry that Social Security is a Ponzi scheme and Mitt Romney that it is run like a “criminal enterprise.”