[AnotherUnixGeek]

Here's a summary of the Gang Of Six proposal from Daniel Mitchell at the Cato Institute.

Some lowlights:

A tax overhaul which "must be estimated to provide $1 trillion in additional revenue to meet plan targets". That's $1 trillion in new taxes.

No spending caps on entitlements.

According to Jeff Sessions, the actual savings over a decade if the proposal is followed to the letter amounts to $1.2 trillion - and that's with $1 trillion in new taxes. This isn't a serious proposal to cut spending or deal with our debt crisis.

[Digger]

According to Jeff Sessions, the actual savings over a decade if the proposal is followed to the letter amounts to $1.2 trillion - and that's with $1 trillion in new taxes. This isn't a serious proposal to cut spending or deal with our debt crisis.

Again & again these flakes in D.C. have no intention of stopping the spending. You all knew that they will raise the debt. They can't stop the spending - it's not in the old fossils that make up this corrupt CONgress.

[RitaOK]

Here’s a summary of the Gang Of Six proposal from Daniel Mitchell at the Cato Institute.” <<<

Got it. Thanks.

“According to Jeff Sessions...., “ <<<

Sessions is a prize, a gem, and what he says goes to the bank.

[freeandfreezing]

And as usual the "spending cuts" are just an illusion but the taxes will be real:

In another politically risky move, the Gang of Six plan would achieve significant savings in healthcare programs, Conrad said. The specific spending cuts would be decided later by congressional committees.

From a Reuters article

Only a fool would believe that a future congressional committee would actually cut any healthcare program.