According to a report in Politico, President Barack Obama is planning a White House-Republican budget group to reach a “grand bargain” on a budget plan.
President Barack Obama is reaching out to Republican senators — the most receptive participants from his recent “charm-offensive” dinners — to jump-start talks to reach a “grand bargain” on entitlements, spending and taxes, according to White House and Congressional officials.
Obama — fighting against steep odds to reach a big legacy deal on deficits and debts — has personally pressed Congressional leaders for another shot at reaching an agreement similar to one that fell apart during negotiations with Speaker John Boehner (R-Ohio) in 2011.
No doubt it won’t take long for President Obama to capitulate to Republicans and give them drastic concessions on “reforms” (cuts) to social safety net programs like Social Security, Medicaid, and Medicare, because President Obama doesn’t exactly have a track record for being an astute negotiator with Congressional Republicans.
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