[Qbert]

Details of the plan emerge:

1) Spending caps won’t apply to entitlement programs
2) No Medicare or Medicaid reform
3) Plan targets some IRAs and 401(k)’s
4) Entire plan is based on dubious budget math

More here:

http://danieljmitchell.wordpress.com/2011/07/19/the-gang-of-six-is-back-from-the-dead-contemplating-the-good-the-bad-and-the-ugly-in-their-budget-plan/

[Red Badger]

3) Plan targets some IRAs and 401(k)’s

Explain targets...................

[BilLies]

Major Garrett of FOX news said some of the changes he heard had to do with lowering the tax rates but reducing the tax deductions like mortgage interest, charitable deductions.
Not seen these changes mentioned elsewhere.