Gang of Six offers balanced approach

Aug 2010
See you in a new existence!
This appears to be our best shot at a compromise. The next question, is there enough time to enact it before the deadline? An alternative is, if it is in the works, for the President to relent and allow a short extension while the bill is passed through Congress.

Our view: Gang of Six offers balanced approach -
On Tuesday, though, the adults were back. The Senate's "Gang of Six" Republicans and Democrats — off the radar since key Republican Sen. Tom Coburn of Oklahoma took a break in May — re-emerged with their own plan to save $3.7 trillion over 10 years, including deep spending cuts and about $1 trillion in new tax revenue.

The plan and the senators' courage in putting it forward drew a grateful endorsement from Obama and surprising support from members of both parties. Even House Majority Leader Eric Cantor, R-Va., lead enforcer of the House's no-new-taxes wing, conceded that it "does seem to include some constructive ideas on how to deal with our debt."

By now, Cantor and his colleagues must finally be sensing how fed up voters are with the endless bickering, especially the Republicans' arrogance in refusing to do what governing requires: compromise. The latest USA TODAY/Gallup Poll shows 66% of those surveyed favor compromise and just 27% against it. And a new ABC News/Washington Post poll shows that 58% of Republicans think their leaders have been too obstinate.
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Jul 2011
Detention Block AA-23
Hard details about this plan need to be available to evaluate it. Considering how fake the last bipartisan "spending cuts" ended up, one can very legitimately be concerned that while the tax increases will surely be real, the spending cuts may be just typical Washington trickery: non-binding, exceedingly long-term, easy to change before the timetable is reached, simply keeping spending at current levels and growing it more slowly than planned (rather than cutting from current levels, which is what is needed).