Via Huffington Post comes this quote:
One senior administration official offered the following explanation as to why they started with a “compromise” offer.
While this is not the president’s ideal deficit-reduction plan, and there are particular proposals in this plan — like the CPI change — that were key Republican requests and not the president’s preferred approach. This is a compromise proposal built on common ground, and the president felt it was important to make it clear that the offer still stands. The president has made clear that he is willing to compromise and do tough things to reduce the deficit, but only in the context of a package like this one that has balance and includes revenues from the wealthiest Americans and that is designed to promote economic growth. That means that the things like CPI that Republican leaders have pushed hard for will only be accepted if congressional Republicans are willing to do more on revenues. This isn’t about political horsetrading; it’s about reducing the deficit in a balanced way that economists say is best for the economy and job creation. That’s why the president’s offer –- which will be reflected in his budget — isn’t a menu of options for them to choose from; it’s a cohesive package that reflects the kind of compromise we should be able to reach.