Obama debt-cut plan seen topping $1.5 trillion

[xchrom]

http://www.marketwatch.com/story/obama-debt-cut-plan-seen-topping-15-trillion-2011-09-16

WASHINGTON (MarketWatch) — There is not much question that President Barack Obama’s deficit-reduction plan will top $1.5 trillion dollars, but the key question is by how much.

In his speech to a joint session of Congress, Obama said he would present “an ambitious deficit plan” to a new congressional supercommittee on Monday. The supercommittee is looking for ways to cut deficits by at least $1.5 trillion.

Experts said it is just sound politics for Obama to surpass that goal.

A package of spending and revenue larger than $1.5 trillion would send the message that Obama “is serious about deficit reduction,” said Ethan Siegal, a political analyst with the Washington Exchange.

[msongs]

1. our allegedly democratic Prez giving yet another speech endorsing the republican agenda nt

[RB TexLa]

2. reducing debt is everyone's agenda, I would hope.