Dems Offer $2.3T Plan Amid Tax Rancor

[xchrom]

http://www.bloomberg.com/news/2011-11-09/democrats-offer-2-3-trillion-deficit-cut-plan-with-tax-increase-trigger.html

Some Democrats on the congressional supercommittee are proposing a $2.3 trillion deficit-reduction plan with equal amounts of spending cuts and tax increases, an effort unlikely to break a stalemate.

Texas Representative Jeb Hensarling, the Republican co- chairman of the panel, rejected the plan today.

“What we still haven’t seen from the Democrats is a plan that deals with our structural debt crisis, that actually solves the problem,” he said. Still, he said, discussions are continuing and “I haven’t given up hope.”

Democratic supercommittee member Max Baucus, a Montana senator, said, “Things are moving well. There are ongoing talks.”

[sam11111]

1. some perspective..no cuts needed..none...zero..nada,,none

Top 1% have $16 trillion

(link was included as part of daily KOS)

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http://webcache.googleusercontent.com/search?q=cache:nxY_tso8jLcJ:http://www.dailykos.com/story/2009/10/04/789523/-Citigroups-Shocking-Plutonomy-Reports-h-t-Michael-Moore+plutonomy&hl=en&ie=UTF-8&strip=1

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The Wealth Report
Plutonomics ...
By Robert Frank, Wall Street Journal - Jan 8, 2007

... The nation’s top 1% of households own .... more than $16 trillion in wealth ...
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The top 10% have $33 trillion

[xchrom]

3. +1

[mmonk]

2. That's like holding a tin cup under a faucet to fill it with water

while you simultaneously punch holes in the bottom. Defeats the purpose of stimulus.