Super Committee Implodeed News Today

President obama was the proopponent of the cap. >> they capped the growth in medicare spending to just 1% over growth in the overall economy. but then in an 80-page message to super committee, barack obama proposed $250 billion in medicare cut about lower the cap on spending to gdp to .5%. seener would -- seniors would lose ground every year. >> anytime we have an arbitrary cap that is not reachable where benefits would be harmed wed be opposed to. >> he used ipad, the independent payment adviso...

Process, the automatic cuts are a function of the debt limit increase deal. if you remember, the president didnt want any cuts attached to that. he wanted a clean debt ceiling. he wanted no spending attached to it. he fought it until the end. forced to take it and run out of borrowing authority. so he had to swallow it. now he is ultimately the veto because the supercommittee failed. interesting. >> shannon: we know that senators mccain and graham are among those on the hill working on legislati...

Packages or tins in their pockets but they did not agree to ban on the use during games. from smokeless tobacco to a burning issue in washington, entitlement reform. normally its republicans who are accused of pushing drastic changes in programs like medicare. chief washington correspondent jim angle reports now the political shoe is on the other foot. >> even before the super committee, democrats had a familiar refrain to reform medicare by offering competition. >> put simply, it ends medicare ...

Agree on the payroll tax? >> im not sure he thinks they will agree. the early indication is strategic that the president is looking to republicans to be in a position where they cant escape the political blame. if you dont extend this payroll tax you are adding at least $1,000. the white house estimates $1,000 to the tax bill for families making $50,000. the contrast are you willing to raise taxes on the wealthiest americans to make sure taxes are not raised on the hard-working middle class amer...

Are a function of the debt limit increase deal. if you remember, the president didnt want any cuts attached to that. he wanted a clean debt ceiling. he wanted no spending attached to it. he fought it until the end. forced to take it and run out of borrowing authority. so he had to swallow it. now he is ultimately the veto because the supercommittee failed. interesting. >> shannon: we know that senators mccain and graham are among those on the hill working on legislation to reroute some of the de...

Pockets but they did not agree to ban on the use during games. from smokeless tobacco to a burning issue in washington, entitlement reform. normally its republicans who are accused of pushing drastic changes in programs like medicare. chief washington correspondent jim angle reports now the political shoe is on the other foot. >> even before the super committee, democrats had a familiar refrain to reform medicare by offering competition. >> put simply, it ends medicare as we know it. >> it would...

Failed to deal with the tax reform so the bush tax cuts expire at the end of 2012 now hang in the balance. white house officials insist the president will only extend tax cuts for the middle class. not for the rich. but said the same thing last december. ended up extending all of them. shannon? >> shannon: ed henry, live at the white house. thank you, ed. washington is busy doing postmortem on the burned out carcass of the super committee. tonight, chief congressional correspondent mike emanuel ...

>> reporter: he wasnt campaigning for deficit deal. the word "super committee" never crossed his lips. instead he pushed congress to vote for key part of his jobs bill. payroll tax cut extension. on a day the gross domestic product was revised downward. the government saying the economy grew at a rate of 2% from july to september. sharply lower than the initial estimate of 2.5. >> in the spirit of thanksgiving, we are going to give them another chance. next week, they are going to get to take a ...

Today claimed that is how he will fund his plan. >> paid for by asking our wealthiest citizens to pay for fair share. >> even though he was embracing the rhetoric of occupy wall street, the presidents pitch was interrupted by occupy protesters. [ yelling ] >> all right. okay, guys. [ yelling ] i appreciate you guys making your point. let me go ahead and make mine. all right? >> a few minutes after the protests, one of the presidents points was that he sympathizes with the occupy wall street move...

January 2013. defense secretary leon panetta also criticized congress but reiterated his concern about the military. "if congress fails to act over the next year, the department of defense will pay devastating, automatic across teffs board cut that will tear a seam in the nation defense." the top republican on the senate armed services committee is worried, too. >> military chiefs, said the cuts would be totally devastating. we live in a dangerous world. the president again disregarded the stron...