07-31-2011, 02:26 PM
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#304
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Had an idea!
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More details beginning to emerge.
Quote:
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As part of the package, a new 12-member House-Senate committee would have until Thanksgiving to recommend a sweeping set of cuts to discretionary spending programs, entitlements like Medicare and Social Security, and to the tax code. If the committee deadlocks, the possible deal calls for deep across-the-board cuts, which would potentially affect Democratic domestic priorities, including Medicare, but also cut about 50 percent from defense spending, a GOP priority.
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