Senate Democrats draft debt-reduction plan (only a "modest" $2 trillion in new taxes)

http://www.washingtonpost.com/business/economy/senate-democrats-draft-debt-reduction-plan/2011/07/08/gIQAFQbS4H_print.html ^

[quesney]

Senate Democrats have drafted a sweeping debt-reduction plan that would slice $4 trillion from projected borrowing over the next decade without touching the expensive health and retirement programs targeted by President Obama.

Instead, Senate Democrats are proposing to stabilize borrowing through sharp cuts at the Pentagon and other government agencies, as well as $2 trillion in new taxes, primarily on families earning more than $1 million year, according to a copy of the plan obtained by The Washington Post.

With debt-reduction talks under way between Obama and congressional leaders, Senate Democrats are unlikely to adopt the blueprint. However, it has gained broad support among those eager to chart a path to solving the nation’s budget problems without making politically painful cuts to Social Security and Medicare.

“The very strong feeling was we needed to get this into the conversation, because it provides an alternative view,” said a Senate Democrat familiar with the blueprint, who spoke on condition of anonymity because it has not been publicly released. “What’s striking is how modest the changes need to be to get us back on track.”

[Renderofveils]

Anytime I hear a plan for "the next ten years" or "the next decade," I think of the Old Soviet Union. They had lots and lots of five year plans. Just half as long and look where it got them.

Ironic that the sentence for petty theft was a tenner in the Gulag.

[spokeshave]

What happened to the 500 Billion that was going to be cut from fraud and waste to pay for your commie medical plan?

They took it out of the popular Senior Advantage plan.

[kcvl]

“What’s striking is how modest the changes need to be to get us back on track.”

Oh, PLEASE. That might work on the brain dead.

[WOSG]

“as well as $2 trillion in new taxes”

Dear Senate Democrats:
Please have all your 23 Senators up for re-election in 2012 voting for job-killing tax increases.
We’ll be ready to hold them accountable for the 9% unemployment rate. Thank you,

- Republican Senatorial Committee