Debt Deal

[Deku Trii]

It looks like a debt deal may be close to being reached. It's about time.

Sources: debt deal calls for up to $2.8 trillion in savings - CNN.com

Originally Posted by CNN

The agreement, still being negotiated by the White House and bipartisan congressional leaders, would allow the debt ceiling to be raised by enough to last at least through the end of 2012.

The debt limit would be increased in two stages, both of which would occur automatically -- a key Democratic demand that would prevent a repeat of the current crisis before the next election.

The agreement includes upfront spending cuts in the range of roughly $1 trillion, the sources said. A special congressional committee would recommend additional spending reductions of up to $1.8 trillion no later than Thanksgiving. If Congress failed to approve the recommended cuts by late December, automatic, across-the-board cuts -- including both defense and Medicare -- would take effect.

[Crazyswordsman]

Obama's deal is to the RIGHT of the bipartisan deal and Boehner STILL rejects it! Anyone who says Obama is a radical leftist Marxist needs to get their act together because he's actually right of center. -CSM

[CaptHayfever]

If Deku's blurb is indeed accurate....then I think I actually like this plan.

And remember, "I'm-a Luigi, number one!"