July 19, 2011

REPUBLICANS WILL HAVE TROUBLE ARGUING A COBURN PLAN IS A CAPITULATION:

'Gang of Six' revives hope for big deal in stalled debt-ceiling talks: President Obama's hopes for a 'grand bargain' both to raise the debt ceiling and rein in the deficit got a boost Tuesday when the Senate's 'Gang of Six' proposed $3.7 trillion in deficit reductions. (Linda Feldmann,7/19/11, CS Monitor)

"So here's where we stand," Obama said. "We have a Democratic president and administration that is prepared to sign a tough package that includes both spending cuts, modifications to Social Security, Medicaid, and Medicare that would strengthen those systems and allow them to move forward, and would include a revenue component."

The new plan came from the six senators who have been working on and off for months to find spending cuts and revenue increases that could win bipartisan support. They are Republican Sens. Tom Coburn of Oklahoma, Saxby Chambliss of Georgia, and Mike Crapo of Idaho and Democratic Sens. Richard Durbin of Illinois, Kent Conrad of North Dakota, and Mark Warner of Virginia.


Posted by at July 19, 2011 9:08 PM
  

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