Gang of 6 is Back with a plan

Discussion in 'Politics' started by Wiseacre, Jul 19, 2011.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Obama was just on TV talking about a plan to reduce the defict by 3.75 trillion over 10 years, put out by the G6. It has 1.2 trillion is new revenue from closing tax loopholes, some which goes to the defict and some to lowering tax rates. And it has 500 billion in immediate spending cuts, and also changes Soc Security and Medicare, and some hits to defense. So, some pain for everybody. The link below has an executive summary of hte G6 plan, I haven't gone through it myself yet. Just wanted to put it out there for everybody.

    Apparently some 40-50 senators are reacting favorably to it, but there's some question as to whether the GOP House members and some far left libs will go along. So far it sounds sensible to me though. I know some around here don't like FoxNews, but it's the only place I could find with the exec summary of the G6 plan. It's also got spending caps that can't be exceeded without a two-thirds majority vote.



    Gang of Six Back Together - Trying to Score Debt Reduction Deal - FoxNews.com
     
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    Last edited: Jul 19, 2011
  2. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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  3. hellofromwarsaw
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    hellofromwarsaw BANNED

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    OMG, some real STATESMEN!! Oh NOZ!! Compromise!! OMG!!!! GD TParty morons...

    "I know some around here don't like FoxNews, but it's the only place I could find with the exec summary of the G6 plan."

    Well that's a first....but NONE of the corprate News does anything to explain policy-witness health reform knowledge- they'll ALL about the controversy, trading talking points, ratings. Of course Fox is horriblest- their talking points are hateful Pub bs. Watch PBS, Network (incredibly terrified of loudmouth dittoheads. What happened to documentaries that explain POLICY or needless suffering?
     
  4. hellofromwarsaw
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    hellofromwarsaw BANNED

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    By the way, foxbots, this is the name of the Pubs who were discussing health reform, until they were told to stfu and get back to goose stepping...
     
  5. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Hey mods, might wanna merge all the threads on this topc into one.
     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says Congress is more like the Gang dat couldn't shoot straight...
    :tongue:
    Obama lauds 'Gang of Six' debt plan
    20 July`11 WASHINGTON — President Obama pinned his hopes on avoiding an unprecedented government default on a new bipartisan compromise Tuesday, praising a proposal by the Senate's "Gang of Six" that would raise the debt limit as part of a $3.7trillion package of spending cuts and tax changes.
    See also:

    What 'Gang of Six' plan would do
    July 19, 2011: It's hardly a done deal. And there's absolutely no guarantee the no-taxes-ever conservatives in the House will go for it.
     
  7. JoeB131
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    JoeB131 Diamond Member

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    Well, it's something, I guess. I think it puts most of the pain beyond the 2012 election, which is what all sides really want.

    I think we need to seriously reform everything we do in terms of government, and this is kind of just a band-aid.
     
  8. mudwhistle
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    mudwhistle Diamond Member

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    Obama is like a blind man hanging onto an Elephant's tail.

    Yesterday he even tried to take credit for the ideas the Gang of Six is hashing around.

    He said in another press conference that they were using his ideas.

    WTF does he need them for if they're his GD ideas???????
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama likes it so you know it's a bad plan
     
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  10. editec
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    editec Mr. Forgot-it-All

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    Share the pain?

    Okay, just as soon as we also start to more equitably share the wealth.
     

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