Senate Democrats offer $3 trillion debt deal

Senate Democrats are urging the debt-reduction supercommittee to pursue a far-reaching agreement to slice $3 trillion from the federal budget over the next decade through significant cuts to federal health programs, including Medicare, and as much as $1.3 trillion in new taxes. Full Story »

Posted by Barry Grossheim - via Memeorandum
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Posted by: Posted by Barry Grossheim - Oct 26, 2011 - 10:56 AM PDT
Reviewed by: Barry Grossheim (review)
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Edited by: Barry Grossheim - Oct 26, 2011 - 10:58 AM PDT

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Barry Grossheim
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by Barry Grossheim - Oct. 26, 2011

Democrats once again look to do a "big" deal on deficit reduction. It seems likely the only thing the Republicans would hate worse than agreeing to a deal with the Democrats is the major hit the Pentagon would take under the automatic cuts that will happen if no deal is reached.

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