"It is probably the only plan that is going to ever pass ..or some combination of it"

[flamingdem]

http://news.yahoo.com/blogs/ticket/know-gang-six-174750081.html

* via Yahoo....


What you need to know about the ‘Gang of Six’

--- snip

Also, the plan would immediately reduce the marginal income tax rate, abolish the alternative minimum tax, create an entirely new set of tax brackets and slash $80 billion from defense.

The group unveiled the plan's details for the first time this week.

"It is probably the only plan that is going to ever pass--or some combination of it," Coburn told Bloomberg TV this week. "This is the first step in a long process for this country to get our finances back under control. $3.7 trillion is a lot of money, but it is not enough yet--but it will buy us the time to get us down the road a little further to make additional changes that are going to have to be made."

President Obama hailed the plan Monday as the "balanced approach" to deficit and debt reduction he has encouraged for months.

"We now have a bipartisan group of senators who agree with that balanced approach," Obama said. "And we've got the American people who agree with that balanced approach."

---- snip

[emulatorloo]

1. See: Senate GOP leadership aide: Obama killed 'Gang of Six' by embracing it

NOt so sure Coburn knows what he is talking about.

Going to get a link and a snip: ON EDIT: Here it is.

http://www.dailykos.com/story/2011/07/20/996601/-Senate-GOP-leadership-aide:-Obama-killed-Gang-of-Six-by-embracing-it?detail=hide&via=blog_1

JUL 20, 2011 AT 08:40 AM PDT
Senate GOP leadership aide: Obama killed 'Gang of Six' by embracing it
by Jed Lewison

Mike Allen writes:

--A Senate Republican leadership aide emails with subject line “Gang of Six”: “Background guidance: The President killed any chance of its success by 1) Embracing it. 2) Hailing the fact that it increases taxes. 3) Saying it mirrors his own plan.”

====================================================================================================================================

I'm not sure whether to say thank you to that leadership aide, or to say fuck you. I guess, both.


------

Link to politico story Jed Lewison quotes:

http://www.politico.com/playbook/0711/playbook1485.html

DU thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x715717

[flamingdem]

2. I'd laugh at that but this is getting pathetic!

Then again I'm against the gang o six because it cuts taxes on the rich.

We don't need a more polarized country. I don't want those frikkin' overlords in my face.

[emulatorloo]

3. gang of six "proposal" is under attack, I don't think it is going to happen

which is a very good thing.

[Cali_Democrat]

4. Why do I get the feeling Obama is gonna sign a bill similar to the gang of six proposal

when all is said and done. I hope I'm wrong, but I doubt it.

Obama will never change.

[creeksneakers2]

6. Things have changed

Boehner and Cantor have warmed up to the gang of six monster.

[Armstead]

5. I guess we elected President Tom Coburn

[vaberella]

7. It won't pass. n/t

[SharonAnn]

8. Reduce the marginal income tax rate????? WTF???? We need to RAISE it!!