Remember the supercommittee, 6 Democrats and 6 Republicans who have been charged with devising a plan to reduce our $15 trillion (and growing) deficit? That group is charged with coming up with a plan before Thanksgiving.
The Democrats on that committee have developed a proposal which they unveiled at a closed door meeting on Tuesday. Although all of the details are not available, we learn this from today’s Wall Street Journal:
…aides familiar with the Democratic plan say it also called for up to $300 billion in spending for programs to create jobs and spur economic growth. [emphasis supplied]
The proposal also includes increased taxes (a non-starter for Republicans) and cuts to Medicare (a non-starter for Democratic committee member Representative James Clyburn of South Carolina). But including a revised, slimmed down version of Son of Stimulus (aka, the American Jobs Act) in a deficit reduction plan does seem a bit out of place.
But, maybe that’s just me.