That Deficit reduction commission keeps coming back to haunt us

[n2doc]

Obama calls new Senate plan a ‘very significant step’ in debt talks

By Lori Montgomery, Tuesday, July 19, 1:26 PM
President Obama on Tuesday praised a new bipartisan plan emerging in the Senate, calling it “broadly consistent” with the White House’s approach to raising the debt limit and describing it as a “very significant step.”

“We’re in the same playing field,” he said, speaking from the White House.

The ambitious plan to slice $3.7 trillion from the federal budget over the next decade was gaining momentum in the Senate on Tuesday, after more than 40 Republicans and Democrats attended a morning briefing on the proposal.

The plan, drafted by a bipartisan group of senators known as the “Gang of Six,” has been in the works for months. After struggling to reach consensus and apparently disbanding last week, the group now says it’s nearing agreement on a proposal, which could offer an alternative strategy for pushing an increase in the debt limit through Congress before the Aug. 2 deadline.


http://www.washingtonpost.com/business/economy/gang-of-six-budget-cutting-plan-gains-momentum-in-senate/2011/07/19/gIQANkdzNI_story.html

"The overall goals of the plan mirror Obama’s fiscal commission: Deep cuts in government agencies, significant reductions in Medicare and a framework for keeping Social Security solvent over the next 75 years. It also seeks to raise $1 trillion taxes over the next decade by rewriting the tax code to lower tax rates for households in all income categories while eliminating various tax breaks and deductions."

Even though the commission could not agree to anything, I guess we will get shafted with the recommendations of the Repubs and blue dogs on it anyway.

[Autumn]

1. He is wrong.

We, the little people, are not even close to being in their playing field. Fuck that.

[jtown1123]

2. Of course it would come back to haunt us. All the deniers called us crazy

[KamaAina]

3. Meow!

[jtown1123]

4. The plan includes significant reductions to Medicare and Social Security "changes"

here we go, hold on to your hats...

[indepat]

5. The gang of six is likely to gang-bang the old, the frail, and the poor

and that's good for America for now sacrifice needs not include the uber-wealthy or large corporations: now how effin' special is that? :patriot: