By Russell Berman - 10/13/11 05:01 PM EDT
The supercommittee on deficit reduction may have to play some numbers games to significantly exceed the $1.5 trillion in deficit reduction it is charged with finding, Speaker John BoehnerJohn BoehnerEXCLUSIVE: Pro-Hillary group takes 0K in banned donations Ryan: Benghazi report shows administration's failures Clinton can't escape Benghazi responsibility MORE (R-Ohio) suggested Thursday.
BoehnerJohn BoehnerEXCLUSIVE: Pro-Hillary group takes 0K in banned donations Ryan: Benghazi report shows administration's failures Clinton can't escape Benghazi responsibility MORE met with members of the deficit panel Wednesday, and on Thursday he offered little indication that the secretive committee has made significant progress toward its goal.
Boehner reiterated that the panel’s goal remained as outlined in the legislation that created it: between $1.2 trillion and $1.5 trillion in deficit reduction.
Many members of Congress and outside groups have urged the panel to aim higher and agree to a package resembling the $4 trillion deal that Boehner and President Obama discussed over the summer. Boehner himself has pushed the supercommittee to include a blueprint for comprehensive tax reform in its recommendations.
But on Thursday, Boehner did not sound optimistic about the possibility that the committee would achieve much bigger reductions. Getting to a number like $4 trillion or $5 trillion, he said, might have to count more than $1 trillion in savings from the end of the wars in Iraq and Afghanistan.
“People can add up a lot of different numbers,” Boehner said when asked whether a $4 trillion deal was still possible. “You can take the overseas contingency account, which is about $1 trillion dollars worth of savings as a result of the drawdown of our troops in Iraq and Afghanistan. That’s already going to happen. Some people want to put that into the overall number. Some people want to take the number that we’ve already done — $1.2 trillion worth of discretionary savings and add it to the number.”
When Senate Majority Leader Harry ReidHarry ReidDems leery of Planned Parenthood cuts spark Senate scuffle Overnight Finance: Senate sends Puerto Rico bill to Obama | Treasury, lawmakers to meet on tax rules | Obama hits Trump on NAFTA | Fed approves most banks' capital plans Senate passes Puerto Rico debt relief bill MORE (D-Nev.) included $1.1 trillion in war savings in his $2.7 trillion debt limit proposal in July, Boehner and other Republican leaders derided it as “budget gimmickry.”
But with the supercommittee less than six weeks away from its Nov. 23 deadline, the GOP may be looking for a way out of the steep defense cuts that would be triggered if it fails to reach the $1.2 trillion threshold for deficit reduction.
Amid widespread skepticism, members of the panel have been tight-lipped about what, if any, progress they are making. The GOP co-chairman of the supercommittee, Rep. Jeb Hensarling (R-Texas), last month declined to say whether he thought the war savings could be used toward the committee’s savings goal.