Tuesday, July 19, 2011

Gang of Six: $1.2 TRILLION IN NEW TAXES (called "revenues")

DEAL: SENATE HUDDLES TO HIKE TAXES... - Reuters via Drudge
Obama praises 'Gang of Six' debt ceiling plan - Politico via Drudge
RESTATES THREAT TO VETO SPENDING CUTS... - AP via Drudge
The Fuzzy Math from Gang of Six - Redstate
The festive atmosphere at the press conference prompted bearded Marxist Senator Chris Coons to observe that “if Sen. Durbin and Dr. Coburn can both endorse it, this may be just the tough discipline fiscally and the balanced path forward that we need.” So the questions begs, just how can such an ‘austere budget plan’ garner the support of liberal luminaries like Coons and Durbin?

The answer is very simple: the budget plan is devoid of a roadmap to achieve the alleged $2.7 trillion in cuts and $1 trillion in revenue gains. Furthermore, the proposal relies upon the passage of some conservative reforms, which if seriously drafted, will never be supported by a majority of the Democrat Caucus, including Gang members like Dick Durbin.

...It looks like these guys never had all the details worked out before they announced their plan. Their sole objective was to eclipse the media attention surrounding the only coherent plan that actually balances the budget – the conservative plan.

Cut, Cap, and Balance – or bust.
Support Growing for Bipartisan Gang Plan - Though Some Express Concern - FOX

READ THE 'Gang of Six' Proposed Debt Reduction Deal