Wiseacre
Retired USAF Chief
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
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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