National Journal (NAT)
House Republicans Draft Their Debt-Ceiling Playbook
For a long-term deal, one that gives Treasury borrowing authority for three and a half years, Obama would have to agree to premium support. The plan to privatize Medicare, perhaps the most controversial aspect of the Ryan budget, is the holy grail for conservatives who say major deficit-reduction can only be achieved by making this type of cut to mandatory spending. "If the president wants to go big, there's a big idea," said Scalise. For a medium-sized increase in the debt limit, Republicans want Obama to agree to cut spending in the SNAP food-stamp program, block-grant Medicaid, or tinker with chained CPI.