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Keyword: gangofsix

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  • Sen Coburn Speaks the Truth

    Excellent speech from Sen Coburn telling it how it is. Then old Sen Kerry interrupts. http://www.c-spanvideo.org/program/SenRe/start/14756/stop/16376
  • Gang of Six Not Ready For Prime Time?

    07/25/2011 1:12:19 PM PDT · by JohnRLott · 3 replies
    Fox News ^ | July 25, 2011 | John R. Lott Jr.
    Video at link discusses: "Too many holes in the ‘Gang of Six’ proposal?" http://video.foxnews.com/v/1078462529001/gang-of-six-not-ready-for-prime-time/
  • Super Congress: Echoes of Tyranny Rising

    07/24/2011 4:46:45 PM PDT · by Whenifhow · 42 replies · 1+ views
    http://noisyroom.net/blog ^ | 7.24.11 | Terresa Monroe-Hamilton
    And now for something completely the same… In the “those who won’t learn from history, are doomed to repeat it” department, I give you a quote from the National Center for Constitutional Studies: "America’s Founders had just declared themselves free of a tyrannical government. They were determined that such tyranny would never be repeated in this land. Their new charter of government – the Constitution – carefully defined the powers delegated to government. The Founders were determined to bind down the administrators of the federal government with Constitutional chains so that abuse of power in any of its branches would...
  • Size Matters

    07/24/2011 11:25:17 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | July 24, 2011 | Ken Connor
    Last week, I wrote that the current deficit and debt ceiling negotiations happening in Washington represent politics at their worst – politics on steroids. Amidst the posturing and prevaricating, however, one conservative has emerged with a legitimate plan to liberate America from its bondage of debt. This week, Senator Tom Coburn released a 600-page plan that would reduce the deficit by $9 trillion over the next ten years by slashing wasteful spending and eliminating an estimated $1 trillion in tax deductions. The plan is not a gimmick, it's not smoke and mirrors, and it's not a media stunt. Senator Coburn...
  • Lawmakers Renew Push to Reach Deal on Cutting Deficit (Boehner: Deal in Place To Cut $3-4 Trillion)

    07/23/2011 1:56:30 PM PDT · by lbryce · 41 replies
    New york Times ^ | July 23, 2011 | CARL HULSE and JACKIE CALMES
    Hoping to reassure markets in the wake of an angry breakdown in the federal budget negotiations, Congressional leaders raced Saturday to reach a new deficit-reduction agreement that Speaker John A. Boehner told colleagues could cut $3 trillion to $4 trillion in spending over 10 years. “We are working, and I’m confident there will be resolution,” Mr. Boehner told fellow House Republicans on an afternoon conference call, according to participants. “There has to be.” Mr. Boehner’s comments came a little more than a week before the federal government risks defaulting on its debts, a fate that could be avoided if Congress...
  • Lights Out For McConnell-Reid?

    07/23/2011 8:47:48 AM PDT · by Stalwart · 6 replies
    National Review Online ^ | July 20,2011 | Andrew Stiles
    Walsh suggests that the success of his effort could have prompted the Gang of Six to unveil their proposal when they did as “a last-ditch effort to delay,” once it became clear that McConnell-Reid could not possibly pass the House. Beyond that, he says of the Gang’s plan, “I don’t think there’s anything there.”
  • Conflicting plans contributed to break-down of Boehner and Obama talks

    07/23/2011 9:12:01 AM PDT · by casinva · 13 replies
    Keith Hennessey Financial Blog ^ | July 23, 2011 | Keith Hennessey
    Budget talks between President Obama and Speaker Boehner fell apart yesterday (snip) (Obama comment) It is hard to understand why Speaker Boehner would walk away from this kind of deal. (End of Obama comment) I actually think it’s quite easy. The President backtracked in private negotiations this week, demanding bigger tax increases after the Gang of Six, including three conservative Republican Senators, released a plan that raised taxes more than the President had previously demanded. (snip) While it is an aggressive tactic, there is nothing “wrong” with moving backward in a negotiation. It is likely to anger the counterparty, and...
  • Gang of Six Deal is Antithesis of Reform

    07/22/2011 8:58:25 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | July 22, 2011 | Floyd and Marybeth Brown
    The media frenzy over Republican Senators and Barack Obama making nice over the debt ceiling crisis exposes for all Americans to see the extent to which both parties are aligned with Wall Street interests, and against the interests of Main Street and small business. The subject of this latest bipartisan love fest is the Gang of Six plan. Americans want reform. The Republican majority in the House of Representatives was swept into office by promising reform. The Gang of Six Solution is the antithesis of reform. Supposedly it offers the "balanced approach" of which Obama rambles on about endlessly. But...
  • "Gang of Six" Senator Chambliss's defense.

    07/21/2011 10:30:03 AM PDT · by mort56 · 13 replies
    Vanity | 7/21/2011 | G. Mortensen
    Sorry for the vanity but I thought some would like to see one of the Gang of Six's defense and my response to my "conservative Republican" Senator's email. ------------------- Dear Mr. Mortensen: I appreciate your thoughts and comments in the past regarding our nation's budget crisis. I wanted to reconnect with you on the situation, and summarize some solutions I have been working on. As always, I welcome your thoughts on this most important issue. Our country is in the midst of a fiscal crisis. In 2010, our government spent at a rate of 25% of GDP (Gross Domestic Product)...
  • Enough of This "Gang Of" Crap (Modern political usage of term started with ChiComs)

    07/21/2011 1:37:08 PM PDT · by Halfmanhalfamazing · 26 replies
    Rush ^ | July 20th | El Rushbo
    And, by the way, a little history question. Do you know where this "gang of" stuff started, in our lifetimes at least? I'm sure that there have been gangs in the history of humanity, but in the political realm, the original gang was Gang of Four. Mao Tse-tung's wife, a ChiCom broad, led a Gang of Four in an anti- something or other movement. So a cultural revolution equaled murder. And Mao's wife, Mrs. Mao, led the Gang of Four against it. So this "gang of" crap can be traced back to the original brutal, murderous ChiComs.
  • Former Bush economic advisers pan Gang of Six proposal (But Larry Kudlow gives qualified thumbs up)

    07/21/2011 10:39:32 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 07/21/2011 | Ed Morrissey
    “Proposal” might be giving it more credit than it deserves at this point. Right now, the Gang of Six entry into the deficit reduction/debt ceiling debate better resembles a statement of principles with few specifics, which is one reason why no one expects the Go-6 to have a bill ready for a vote for weeks or perhaps even months. Barack Obama has already begun hedging his “no short-term debt ceiling increase” pledge in order to accommodate the Go-6 team. Right now, there isn’t even enough specifics for the CBO to score the plan to determine whether it actually accomplishes what...
  • Government by Platitude. Why the Gang of Six Plan is Not Credible.

    07/21/2011 7:25:18 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 07/21/2011 | The Editors
    Some Republicans are getting desperate over the debt-ceiling debate, but we hope not desperate enough to embrace the Gang of Six proposal. It may be the worst of the debt-ceiling compromises placed before them to date. The authors allege that their plan will eliminate some $3.7 trillion from the projected federal deficit over the next decade — and allege is the right word. The main deficit-reduction instruments would be a $1.2 trillion tax hike and deep cuts to defense spending. Neither of those proposals addresses the fundamental long-term spending drivers, which are the entitlement programs, mainly Social Security and Medicare....
  • Wait, When Did We Solve the Debt Crisis?

    07/21/2011 5:42:41 AM PDT · by Stoutcat · 3 replies
    Grand Rants ^ | 07-21-11 | Stoutcat
    Well smack my face and call me Rip Van Winkle, because I must have been sleeping. Otherwise I wouldn’t have missed the fact that we’ve solved the debt crisis. We have solved the debt crisis, haven’t we? The Gang of Six actually made a meaningful proposal that was accepted by everyone? Obama didn’t veto the “Cut, Cap, and Balance” bill? All those seniors are going to get their Social Security checks come August 3, right? I mean, if that’s not the case, how could our President in good conscience pour millions of our tax dollars into new and unnecessary departments...
  • Unions Smack Obama On Debt Talks, Walmart

    WASHINGTON -- President Obama's rocky relationship with unions took a few more lumps Wednesday as labor groups pounded both a deficit-cutting proposal he embraced as well as the White House's praise of Walmart. AFL-CIO boss Richard Trumka started by hammering the Gang of Six proposal released Tuesday that would cut the deficit by $3.7 trillion over 10 years, in part by limiting popular middle class deductions for home mortgages, health insurance and retirement savings -- a plan Obama hailed Tuesday. "Both parties keep telling us that deficit reduction requires 'tough choices' and 'shared sacrifice' and 'taking on sacred cows,'" Trumka...
  • PREDICTION: HOW THE DEBT DEBATE WILL UNFOLD

    07/20/2011 7:50:37 PM PDT · by Hojczyk · 49 replies · 1+ views
    Dick Morris.com ^ | July20,2011 | Dick Morris
    1. The Senate leaders from both parties and President Obama will coalesce around the Gang of Six deal based on the recommendations of the Bowles-Simpson Deficit Reduction Commission. 2. After initially voicing reservations, House Speaker John Boehner and, perhaps, Majority Leader Eric Cantor will sign off on the deal in return for some unimportant modifications. 3. When the deal reaches the House floor, all hell will break loose and the rank and file Republicans will revolt en masse. Defying their leadership, they will reject the Gang of Six deal in caucus. 4. The House Democrats, who could provide the votes...
  • Capital Gains Rate Could Jump 119% Under Gang Of Six

    07/20/2011 4:15:35 PM PDT · by Slyscribe · 45 replies
    Investor's Business Daily ^ | 7/20/2011 | Jed Graham
    The key to the Senate Gang of Six deficit-cutting grand bargain is the combination of higher tax revenue with lower tax rates. The former makes Democrats swoon and Republicans are sweet on the latter. The first date was a hit, with a surprising number of senators declaring their everlasting love and President Obama giving it his blessing on Tuesday. But just how much do the two sides know about their partner?
  • Congress curbs enthusiasm for 'Gang of Six' plan

    07/20/2011 6:33:40 PM PDT · by tje · 3 replies
    CNN ^ | July 20, 2011 8:46 p.m. EDT | By Ted Barrett and Deirdre Walsh, CNN
    Washington (CNN) -- The burst of enthusiasm Tuesday for the "Gang of Six" debt reduction plan as a possible way out of the debt ceiling crisis appeared to fade Wednesday as Democratic and Republican lawmakers studied and found fault with the details of the proposal. Most notably, both sides highlighted well-worn party-line divisions: conservatives complained the plan would raise taxes while liberals warned it would cut entitlement benefits. It would be irresponsible for us to try to rush through such a complex package without time for meaningful review," said Sen. Jeff Sessions, the top Republican on the Budget Committee who...
  • Editorial: Gang Of Six Plan: A $3.1 Tril Tax Hike

    07/20/2011 5:38:26 PM PDT · by Kaslin · 39 replies
    IBD Editorials ^ | July 20, 2011 | Staff
    National Debt: No wonder President Obama has so heartily endorsed the "Gang of Six" deficit plan. Just like everything Obama has offered so far, it's short on details and long on tax hikes. Soon after the "Gang of Six" — a bipartisan group of senators that has been trying for months to put together a deficit reduction plan — issued its new proposal, President Obama praised it as "a very significant step" that represents "the potential for bipartisan consensus." What it really represents is Washington at its worst. The "plan" Obama was praising isn't a plan at all, but a...
  • Pro-Growth Plan From The Gang of Six

    07/20/2011 4:49:02 PM PDT · by Kaslin · 25 replies
    IBD Editorials ^ | July 20, 2011 | LAWRENCE KUDLOW
    There are a lot of known unknowns about the new "Gang of Six" budget proposal. But conservatives should hold back from trashing it. Why? There's a large, pro-growth tax-reform piece in the plan that would lower tax rates across-the-board. This is a stunning reversal of the Obama Democrats' soak-the-rich, class-warfare campaign. The best part of the Gang of Six plan is a reduction in the top personal tax rate from 35% to a range of 23% to 29%. For businesses, the rate would drop in the same manner. And the corporate tax would be territorial rather than global, thereby avoiding...
  • Gang of Six deficit plan. Read it here.

    07/20/2011 4:18:42 PM PDT · by Nachum · 12 replies
    Chicago Sun Times ^ | 7/20/11 | Lynn Sweet
    A BIPARTISAN PLAN TO REDUCE OUR NATION'S DEFICITS EXECUTIVE SUMMARY This bipartisan, comprehensive, and balanced plan consistent with the recommendations of the Bowles-Simpson fiscal commission that will: • Slash our nation's deficits by $3.7 trillion/$3.6 trillion over ten years under CBO's March 2011 baseline, or $4.65 trillion/$4.5 trillion under the original fiscal commission baseline (which used the President's 2011 budget request as the starting point for discretionary spending). • Stabilize our publicly-held debt by 2014. • Reduce our publicly-held debt to roughly 70% of our economy by 2021. • Impose unprecedented budget enforcement. A COMPREHENSIVE AND BALANCED PROPOSAL The plan...
  • Bipartisan tax plan trims mortgage deduction (Thanks but No Thanks, 'Gang of Six' !)

    07/20/2011 4:19:53 PM PDT · by NormsRevenge · 109 replies
    Yahoo ^ | 7/20/11 | Stephen Ohlemacher - ap
    WASHINGTON (AP) — A new bipartisan plan to reduce government borrowing would target some of the most cherished tax breaks enjoyed by millions of families — those promoting health insurance, home ownership, charitable giving and retirement savings — in exchange for lowering overall tax rates for everyone. Many taxpayers would face higher taxes — a total of at least $1.2 trillion over the next decade, and perhaps more. The details and impact of the plan, released this week by the bipartisan "Gang of Six" senators, emerged as President Barack Obama called congressional leaders to the White House on Wednesday to...
  • Dems Summoned to White House for Post-Limbaugh Show Meeting

    07/20/2011 3:30:53 PM PDT · by Evil Slayer · 36 replies
    RushLimbaugh.com ^ | 7/20/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Folks, big news here. Forbes.com: "Obama Calls Democrat Leaders to White House." They have a meeting to take place shortly before three p.m. In other words: Obama has summoned Democrats only to a post-Rush show meeting at the White House. Obama has told the Democrats in Congress, the leaders: Come to the White House for a meeting after the Limbaugh show. That's what it means when you got a meeting that starts at three o'clock. That means you're meeting after the Rush show. Now, what could their problem be? You figure they got a problem. They're not...
  • White House may be open to short-term debt deal

    07/20/2011 1:12:31 PM PDT · by Nachum · 37 replies
    Los Angeles Times ^ | 7/20/11 | Michael A. Memoli
    The White House signaled Wednesday that President Obama could accept a short-term deal to raise the debt ceiling, but only if it appeared lawmakers were close to an agreement on a significant deficit reduction plan. The hope of such a "grand bargain" was revived Tuesday by the so-called Gang of Six senators, who outlined a deal that would achieve nearly $4 trillion in deficit reduction in the next decade through spending cuts, entitlement reform and an overhaul of the tax code. (Snip) Obama has repeatedly called for a debt limit increase that would carry the government through to 2013
  • Gang of Six Bag of Tricks

    07/20/2011 2:17:58 PM PDT · by Servant of the Cross · 11 replies
    National Review ^ | 7/19/2011 | Mark Steyn
    Americans who care about the solvency of this nation ought to be seriously annoyed at the contempt for them shown by the Gang of Six “plan,” which even by the standards of “bipartisan” deal-making is a total joke. Even if you take seriously their figure of $3.7 trillion in savings over ten years, that represents a clawback across a decade of about two years of current deficits. If you take Jeff Sessions’s figure of $1.2 trillion in savings over ten years as being closer to the mark, that takes a decade to reverse about three-quarters of the 2011 deficit. Neither...
  • Opposition Grows to ‘Gang of Six Plan’ ($1 Tril. in taxes under guise of balancing budget)

    07/20/2011 1:43:08 PM PDT · by SeekAndFind · 28 replies
    NewsMax ^ | 07/20/2011 | Martin Gould
    The compromise “Gang of Six” plan to get out of the debt ceiling crisis was blasted Wednesday by conservatives angered that any Republicans would be considering a plan that calls for $1 trillion in taxes -- under the guise of balancing the budget. Paul Ryan, the Republican chairman of the House Budget Committee, said the gang’s numbers don't add up. He described the plan as “a backroom bill." And Grover Norquist, president of Americans for Tax Reform, complained that the gang plan was not written down. “Nothing [to] praise or criticize,” he tweeted before sending another message slapping down the...
  • Senate GOP showing flexibility in debt fight (We don't need no steenking 'flexibility')

    07/20/2011 10:06:36 AM PDT · by E. Pluribus Unum · 19 replies
    Yahoo! News ^ | July 20, 2011 | ANDREW TAYLOR
    WASHINGTON (AP) — Senate Republicans are showing far more flexibility than their tea party-backed House colleagues as Washington policymakers seek to steer the government away from a first-ever default on its financial obligations. As the House doubled down on a symbolic vote to condition any increase in the government's borrowing authority on congressional passage of a balanced budget constitutional amendment and a fresh wave of spending cuts, the warm reception by many Senate Republicans to a new bipartisan budget plan revealed a thawing in GOP attitudes on new tax revenues.
  • (no budget Dingy Harry) Reid says he's waiting on Boehner to tell him 'path forward' on debt

    07/20/2011 9:51:31 AM PDT · by Libloather · 26 replies
    The Hill ^ | 7/20/11 | Josiah Ryan
    Reid says he's waiting on Boehner to tell him 'path forward' on debtBy Josiah Ryan - 07/20/11 10:35 AM ET Senate Majority Leader Harry Reid (D-Nev.) on Wednesday claimed his chamber has a "path forward" for raising the debt ceiling but said he's waiting on Speaker John Boehner (R-Ohio) to tell him what can pass the House. “I'm at a point where I'm saying we need to hear from the House of Representatives,” Reid said from the Senate floor. “We have a plan to go forward over here. But until we hear from the House of Representatives, really our, all...
  • Gang of Six gambit revives spending shell game (Actual cuts only $1.2 Trillion- not $3.7 Trillion)

    07/20/2011 9:32:16 AM PDT · by Qbert · 30 replies
    American Thinker ^ | July 20, 2011 | Thomas Lifson
    The combined forces of Democrats, the liberal media, and squishy Republicans are working to stampede Republicans into ratifying the expansion of the federal government from an average of under 20% of GDP up to 25%, where it stands after two and a half years of Obama. This is being done in the guise of the Gang of Six Plan (summary here), based on the Simpson-Bowles Commission, whose work was snubbed by President Obama when it was delivered several months ago. The script being played out today is by now familiar in the age of Obama. Rather than confront problems in...
  • Passing Legislation Chicago Style : New “Black Hand” Emerges

    07/20/2011 8:00:24 AM PDT · by NoNAIS
    The PPJ Gazette ^ | July 20, 2011 | Lynn Swearingen
    Not liking the competition for control, the Federal RICO Act effectively drove underground the Bosses and their ilk. Nature deplores a vacuum and flowing in to control the Cities was the largest organized crime unit – The Federal Government. After 25 years of non-commisaro activity, apparently the Gang has reformed. Only this time, they are elected not through bullets nor related by blood – they’re elected across this Nation every 2, 4 or 6 years – by the American Voters.
  • Great news: Gang of 6 plan won’t be ready for August 2nd deadline (Not Ready for Primetime)

    07/20/2011 7:34:04 AM PDT · by SeekAndFind · 50 replies
    Hoatair ^ | 07/20/2011 | Ed Morrissey
    John Avlon is totally stoked to see the Gang of Six return, as is evident from the biblical terms in which he casts their comeback: There might still be a chance to depolarize the political debate over the debt ceiling and deficit reduction.That’s thanks to the Lazarus-like resurgence of the Gang of Six, a bipartisan group of senators who have been working tirelessly to come up with a balanced plan to restore our nation to fiscal responsibility.Washington’s professional partisans and cynical scribes had written the Gang of Six’s efforts off in recent weeks as well-intentioned but ineffectual, especially after Sen....
  • Gang of Six Back from the Dead: Contemplating the Good, the Bad, and the Ugly in Their Budget Plan

    07/20/2011 7:11:01 AM PDT · by SeekAndFind · 21 replies
    Cato Institute ^ | 07/20/2011 | Daniel J. Mitchell
    The on-again, off-again “Gang of Six” has come back on the scene and is offering a “Bipartisan Plan to Reduce Our Nation’s Deficits.”The proposal is quite similar to the one put forth by the President’s Simpson-Bowles Commission, which isn’t too surprising since some of the same people are involved.At this stage, all I’ve seen is this summary (A BIPARTISAN PLAN TO REDUCE OUR NATIONS DEFICITS v7), so I reserve the right to modify my analysis as more details emerge (and since I fully expect the plan to look worse when additional information is available, the following is an optimistic assessment.The...
  • Debt hope: Obama praises 'Gang of Six' plan (NOOOO!!!)

    07/19/2011 5:59:16 PM PDT · by jbp1 · 30 replies
    news.yahoo.com/AP ^ | 19 July 2011 | DAVID ESPO
    WASHINGTON (AP) — President Barack Obama and a startling number of Republican senators lauded a bipartisan deficit-reduction plan Tuesday that includes $1 trillion in higher taxes, raising hopes of a last-minute compromise to repair the nation's finances while averting a government default. Wall Street saluted as well. Obama said he hoped congressional leaders would "start talking turkey" as soon as Wednesday along the lines of the Senate "Gang of Six" proposal, which quickly overshadowed a no-tax-increase alternative that conservatives spent Tuesday pushing toward an evening vote in the House. .....
  • President Obama praises 'Gang of Six' debt ceiling plan (RINOs add $1 trillion in tax increases)

    07/19/2011 1:45:00 PM PDT · by tobyhill · 70 replies
    politico ^ | 7/19/2011 | By JENNIFER EPSTEIN & CARRIE BUDOFF BROWN
    President Barack Obama said Tuesday that a proposal offered by Republican and Democratic senators is “a very significant step” that represents “the potential for bipartisan consensus” on resolving the impasse over cutting the deficit and raising the debt ceiling. In an appearance in the White House briefing room, Obama urged congressional leaders to embrace the “Gang of Six” proposal, which would slash the deficit by $3.7 trillion over 10 years, in part by raising about $1 trillion in new revenue. We have a Democratic president and administration that is prepared to sign a tough package that includes both spending cuts,...
  • Gang of six plan raises taxes by $3 trillion

    07/19/2011 1:44:00 PM PDT · by Qbert · 44 replies
    Washington Examiner ^ | 07/19/11 | Conn Carroll
    The Gang of Six “Bipartisan Plan to Reduce Our Nation’s Deficits” claims their tax reforms would be scored by the Congressional Budget Office as a $1.5 trillion net cut. But no details are provided on how they arrive at this number other than saying they will abolish the Alternative Minimum tax. So how can this plan claim to be a “balanced approach” (which means higher revenues), yet also claim to be a $1.5 trillion tax cut? This probably means they are using a CBO baseline that assumes the AMT continues as written today and that the current Bush rates expire....
  • Obama praises 'Gang of Six' plan

    07/19/2011 11:16:24 AM PDT · by Red Badger · 104 replies
    AP (American Pravda) ^ | Jul 19, 1:54 PM EDT | By ANDREW TAYLOR
    WASHINGTON (AP) -- Time running short to raise the government's borrowing limit, President Barack Obama on Tuesday hailed a plan by a bipartisan senators' group on deficit reduction as the kind of "balanced approach" the nation is looking for. He said it's time for Congress as a whole to rally around such a proposal. "We don't have any more time to engage in symbolic gestures, we don't have any more time to posture. It's time to get down to the business of actually solving this problem," the president said. Obama spoke even as House Republicans pushed toward a vote on...
  • Coburn proposes $9 trillion deficit cut measure

    07/18/2011 2:59:59 PM PDT · by shove_it · 19 replies
    Yahoo via AP ^ | 18 Jul 2011 | ANDREW TAYLOR
    WASHINGTON (AP) — One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade. The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits. It would cut farm subsidies, Medicare, student aid, housing subsidies for the poor, and funding for community development grants. Coburn even takes on the powerful veterans' lobby by proposing that some veterans pay more for medical care and prescription drugs. Coburn was a member of...
  • Tom Coburn’s $9 trillion debt plan (Twice the scale of Paul Ryan's plan)

    07/18/2011 8:46:26 AM PDT · by SeekAndFind · 39 replies
    Hotair ^ | 07/18/2011 | Ed Morrisey
    Late last week, it looked like Tom Coburn might rejoin the Gang of Six in the Senate, which restarted their efforts to find a compromise on the budget as the debt-ceiling limit debate rages. Today, however, Coburn will become a Gang of One by releasing his own plan to reduce the deficit by twice the amount of the Paul Ryan plan. Unlike Ryan, Coburn plans on increasing federal revenues, but through reform of the tax code: Sen. Tom Coburn (R-Okla.) said Sunday the federal government can save $1 trillion though tax reform, a proposal that will put him at odds...
  • Gang of Six talks heat up as White House debt-limit talks melt down

    07/14/2011 9:50:55 AM PDT · by maggief · 2 replies
    The Hill ^ | July 13, 2011 | Alexander Bolton
    Talks among the remaining members of the Senate’s Gang of Six have gained new momentum in recent days as negotiations between President Obama and congressional leaders have faltered. The five active members of the gang met for two and a half hours in the office of Sen. Mark Warner (D-Va.) Wednesday evening to eat dinner and make a penultimate push to a deal. The sixth member, Sen. Tom Coburn (R-Okla.), who had taken a hiatus from the group, says he is thinking about returning, and has given the group a new round of deficit-reduction proposals to consider. Aides to the...
  • Sen. Tom Coburn ready to release deficit reduction plan

    06/27/2011 7:49:01 PM PDT · by FourPeas · 21 replies
    newsok.com ^ | 26 June 2011 | Chris Casteel
    Oklahoma senator hopes is putting the finishing touches on his plan to reduce the federal deficit by $9 trillion. He expects to release it this week. WASHINGTON — U.S. Sen. Tom Coburn, who has been working on a deficit-reduction plan worth $9 trillion over 10 years, said he hopes to release the blueprint late this week. That timetable may slip since the scope of the plan requires so many calculations (mathematical, not political). Coburn, R-Muskogee, and his staff have been working on the plan since the senator dropped out of the bipartisan Gang of Six deficit reduction talks in May....
  • Tom Coburn Writing Own Budget Proposal (After Leaving the Gang of Six)

    05/20/2011 7:06:23 AM PDT · by SeekAndFind · 4 replies
    Roll Call ^ | 05/20/2011 | Steven Dennis
    Call it the party of one? After taking a “sabbatical” from the “gang of six” talks on deficit reduction, Sen. Tom Coburn is writing his own budget blueprint that will aggressively tackle entitlements. “I’m working hard on my plan,” the Oklahoma Republican said Thursday, adding that he and his staff have been working on it for about six days — before he walked out on the bipartisan group of Senators. “I want everybody to shoot at it and tell me why it won’t work,” Coburn said. He added that he wouldn’t be concerned if others join the gang of six...
  • Brutal: Tom Coburn quits the Gang of Six (tick tick tick)

    05/17/2011 6:07:21 PM PDT · by hatfieldmccoy · 82 replies
    Hot Air ^ | 5/17/11 | Allahpundit
    Remember what Alan Simpson said after Obama’s disastrous, demagogic, compromise-destroying attack on Paul Ryan a few weeks ago? He knew he’d just seen any chance of a deal between the Republican and Democratic leaderships go up in smoke. Quote: “Just pray for the Gang of Six,” he said. “You guys your age, keep praying.” What happens if the Gang of Six fails? Mr. Simpson was asked. “Guys like you will be picking grit with the chickens when you are 65,” he replied. Start boning up on grit-picking, my friends:
  • Saxby Chambliss (R-GA) Says Senate Republicans Will Support Tax Increases

    04/18/2011 8:24:52 AM PDT · by Qbert · 42 replies
    Redstate ^ | 4/18/2011 | Erick Erickson
    A few weeks ago, I reported that the Senate Republicans’ point man on dealing with the deficit, Saxby Chambliss (R-GA), said he’d support tax increases as a means to reduce the deficit. Chambliss promptly denied it. Yesterday, in the New York Times, Chambliss admitted he and the Senate Republicans will support tax increases to pay off the deficit. Mr. Chambliss has been increasingly outspoken in arguing that additional revenues must be part of a debt-reduction plan, given the scale of the problem. “I’m taking arrows from some on the far right,” he told the Rotary Club of Atlanta in an...
  • White House to Gang of Six: Wrap up work on deficit-reduction plan

    04/15/2011 7:10:20 AM PDT · by Qbert · 13 replies
    The Hill ^ | 04/15/11 | Alexander Bolton
    Senate Democrats and the White House are pressuring Republican members of the Gang of Six to reach an agreement on a deficit-reduction package so it can be used as a credible alternative to the budget unveiled last week by House Budget Committee Chairman Paul Ryan (R-Wis.), according to Senate sources. Ryan’s plan calls for a cost-slashing overhaul of Medicare and Medicaid, and Democrats want to have a deficit-cutting alternative that would keep the structure of Medicare intact while increasing tax revenue and cutting defense spending. “They’re impatient and I don’t blame them,” said Senate Majority Whip Dick Durbin (D-Ill.), a...
  • Obama’s birth secret revealed (Dana Milbank BARF alert)

    04/13/2011 9:13:55 AM PDT · by Qbert · 14 replies
    Washington Post ^ | 4/12/2011 | Dana Milbank
    The birthers have come back to life. Donald Trump has soared to the top of the Republican presidential polls, thanks in part to the whimsical candidate’s claim that he has hired investigators to hunt down President Obama’s birth certificate in Hawaii...[Snip] Let’s hope Trump’s gumshoes don’t succeed in locating the secret document, for if they do they will learn the horrible, gruesome truth: Obama was born a moderate. [Snip] His embrace of the compromise debt proposal — and of the effort by the Gang of Six senators to put something like it into legislation — will be considered apostasy by...
  • Gang of Six closes in on deficit deal (Saxby Chambliss: Ryan’s plan needs to hike taxes to work)

    04/12/2011 7:30:56 AM PDT · by Qbert · 27 replies
    The Hill ^ | 04/12/11 | Alexander Bolton
    Gang of Six negotiators are close to striking a deal on a deficit-reduction package, according to Senate sources.  White House officials and Democrats are pressing for the six negotiators to wrap up their talks by the Easter recess beginning on April 16. There is no deal yet, however, and Sen. Tom Coburn (R-Okla.) has made clear that he will not be held to an arbitrary timeline.  Coburn has also insisted that a broad deficit reduction package include Social Security reform, something that Democratic negotiators such as Sens. Kent Conrad (N.D.) and Dick Durbin (Ill.) argue should be handled separately.  The...