The Norman Transcript

Headlines

December 5, 2012

Makings of a fiscal deal behind the hot rhetoric

WASHINGTON — Bluster and hot rhetoric aside, the White House and House Republicans have identified areas of significant overlap that could form the basis for a final agreement after “fiscal cliff” posturing gives way to hard bargaining.

Both sides now concede that tax revenue and reductions in entitlement spending are essential elements of any deal. If the talks succeed, it probably will be because House Speaker John Boehner yields on raising tax rates for top earners and the White House bends on how to reduce spending on Medicare and accepts some changes in Social Security.

The White House and Boehner kept up the ridicule of each other’s negotiating stances on Tuesday. But beneath the tough words were the possible makings of a deal that could borrow heavily from a near-bargain last year during debt-limit negotiations.

Then, Obama was willing to reduce cost-of-living increases for Social Security beneficiaries and increase the eligibility age for Medicare, as Boehner and other top Republicans have demanded. On Tuesday, Obama did not shut the door on Republican ideas on such entitlement programs.

“I’m prepared to make some tough decisions on some of these issues,” Obama said, “but I can’t ask folks who are, you know, middle class seniors who are on Medicare, young people who are trying to get student loans to go to college, I can’t ask them to sacrifice and not ask anything of higher income folks.”

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Headlines
  • Water carry 5 Water Walk opens discussion about difficulties in obtaining safe H2O

    With large white plastic buckets upon their heads, two gallons of water sloshed to the brim and over the side, but the students trudged on down the South Oval. The farthest feat was to the Seed Sower, and as the sun glared down, heat ...

    April 23, 2014 1 Photo

  • Council OKs $48.8M contract for wastewater plant upgrades

    The Norman City Council awarded a $48.8 million project for wastewater treatment plant upgrades Tuesday. The council accepted a $50.3 million low-interest loan from the Clean Water State Revolving Fund....

    April 23, 2014

  • Transportation officials find more cracks in Lexington-Purcell bridge, but repairs on track

    State transportation officials announced Tuesday that additional repairs are needed in at least 96 places on the Lexington-Purcell bridge before it can be opened....

    April 23, 2014

  • Stacy Ford named 2014 Norman schools Teacher of the Year during banquet

    Stacy Ford, Kennedy Elementary librarian, was named 2014 Norman Public Schools Teacher of the Year at the district’s annual Celebration of Excellence banquet Tuesday evening at the National Center for Employee Development....

    April 23, 2014

  • Okla. House defeats bond issue to repair Capitol

    OKLAHOMA CITY — The Oklahoma House has defeated legislation that would authorize up to $160 million in bonds to repair the state’s nearly 100-year-old Capitol....

    April 23, 2014

  • Fallin signs bill for Okla. trooper raises

    OKLAHOMA CITY — Gov. Mary Fallin has signed a bill that would give Oklahoma Highway Patrol troopers their first pay raise in seven years, although the pay increase won’t come unless money is included in a separate budget proposal....

    April 23, 2014

  • At mudslide scene, Obama mourns with survivors

    OSO, Wash. — Swooping over a landscape of unspeakable sadness and death, President Barack Obama took an aerial tour Tuesday of the place where more than three dozen people perished in a mudslide last month. He pledged a nation’s solidarity ...

    April 23, 2014

  • Blood drive planned Thursday

    Moore Norman Technology Center, 4701 12th Ave. NW in Norman, will host an Oklahoma Blood Institute public blood drive from 8:30 a.m. to 2:30 p.m. Thursday inside room A109 in the main building of MNTC’s Franklin Road campus.  The OBI is in ...

    April 23, 2014

  • Local student to attend arts camp

    Kate Kemmet, 15, of Norman, has been accepted and will attend Interlochen Arts Camp. Kemmet, the daughter of Rob and Lori Kemmet, will study musical theater at the Camp....

    April 23, 2014

  • Coalition seeks more jobs

    A coalition of groups that encourage employment of residents who have disabilities hopes to double the number of placed workers by next fall....

    April 23, 2014

Video
Facebook