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Breaking: White House, Republicans Strike Tentative Deal To Raise Debt Ceiling
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08-01-2011, 06:07 AM
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M1zdL0hh
Join Date
Oct 2005
Posts
374
Senior Member
Whenever a Democrat says "Revenue" he/she means
taxes
. Always.
"Revenue" sounds so much better...and they think the public is just too darn dumb to figure out what they're really talking about. You didn't think they'd give up, did you? Memories of that "shellacking" of 2010 are long, long gone.
http://www.foxnews.com/politics/2011...deficit-panel/
Dems Preparing to Renew Push for Revenue Increases on Proposed Deficit Panel
Published July 31, 2011
| FoxNews.com
Democratic officials indicated Sunday that they would revive their push for revenue increases later this year, presuming Congress can first clear away the immediate crisis over the debt ceiling.
The Senate is hard at work crafting a potential compromise package to both raise the debt cap and cut spending. Leaders are trying to get a package out of Congress and to the president's desk in the next two days to avoid the possibility of default.
An emerging compromise includes a component that some Democrats see as a way to bring "balance" back to the deficit-reduction push -- after recent plans relied on spending cuts only to achieve savings.
Under the outline of the new plan, Congress would approve spending cuts worth about $900 billion now and create a committee to find at least another $1.5 trillion in savings by the end of the year.
Sen. Chuck Schumer, D-N.Y., said Sunday that Democrats will "fight" for revenue increases as part of that process
.
"There's going to be a lot of tough decisions on the committee. The committee has no restraints on it. We will fight very hard for revenues on that committee if it should come to exist," he said on CBS' "Face the Nation."
Schumer also said Democrats will be "adamant" that the committee should not cut benefits in Medicare, though he conceded the committee could extract savings by cutting "waste and inefficiency" in the system.
Read more:
http://www.foxnews.com/politics/2011...#ixzz1TkqQis8x
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