Gang Of Six Unveils Debt-Reduction Plan [UPDATED]

[Derechos]

WASHINGTON -- More than half the Senate was convened early Tuesday morning by Sen. Mark Warner (D-Va.) for a briefing on a deficit-reduction plan being negotiated by a group of five senators from both parties once known as the "Gang of Six."

The gang had previously comprised six lawmakers before Sen. Tom Coburn (R-Okla.) abandoned the talks, rebuking Democrats for being unwilling to cut Social Security or Medicare. Yet Coburn had heavy praise for the plan outlined Tuesday morning, raising hopes (and fears) that the gang may be getting back together.

Senators were effusive about the plan after the briefing meeting, calling it "great" and saying it would likely gain support from a majority of the Senate. The plan includes $1.5 trillion in tax cuts, managed by spending caps and cuts to government programs.

http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=439

Am I right that this is as bad as it seems?

[RagAss]

1. It's worse than we could imagine.

[anarch]

2. we really need to do something about these gangs, they're destroying our society