December 13, 2012

FISCAL CLIFF: Corker introduces bill trading nearly $1T in entitlement cuts for debt-ceiling hike. “Sen. Bob Corker (R-Tenn.) introduced a bill Wednesday to trade nearly $1 trillion in entitlement savings for an equal hike in the debt ceiling. Corker said the Dollar For Dollar Act would include $937 billion in savings from Medicare, Medicaid and Social Security, with an equivalent, dollar-for-dollar hike to the debt ceiling.”

I don’t think Obama’ll buy it. Obama seems to be one of those “I can’t be broke, I’ve still got some checks” kind of budgeters . . . .