If you didn't know, the Gang of Six was a group of Senators working on our long term fiscal crisis. They came about after Obama ignored the Simpsons Bowles Deficit Commission that Obama himself put together.
What was Sen Coburn's reason?
You cannot talk about our long term fiscal crisis and take Social Security off the table. Sen Coburn was right to walk away.We can’t bridge the gulf of where we need to go on mandatory spending,” Corburn said Tuesday afternoon. “I don’t see that there’s going to be any fruition in continuing them at this time.”
Coburn has insisted for weeks that Social Security reform, including cutting benefits, would have to be part of any Gang of Six deal. But Democrats such as Sen. Kent Conrad (D-N.D.) said they wanted to deal with Social Security reform separately, not as part of a broad deficit-reduction package…
“We’re at an impasse,” Coburn said. “There’s no reason to sit and talk about the same things over and over and not get any movement.
After Obama ignored his own commission, Mr. Simpson was asked about the Gang of Six and if they failed:
I guess it’s going to take a fiscal collapse after all.... I better get the old chicken coup ready...Just pray for the Gang of Six,” he said. “You guys your age, keep praying.
What happens if the Gang of Six fails? Mr. Simpson was asked.
“Guys like you will be picking grit with the chickens when you are 65,” he replied.