ST Alpha - "Sounds like there is going to be a mechanism whereby if they don't finalize the debt reduction portion by a certain date there will be automatic cuts" (Reading a Post)

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In response to "McConnell says a deal is close... $3 trillion plan, no "new taxes" and it will not come up again before the election -- nm" by stewie

Sounds like there is going to be a mechanism whereby if they don't finalize the debt reduction portion by a certain date there will be automatic cuts

Posted by stewie (aka whysoserious) Jul 31 '11, 06:21

including entitlement cuts, and taxes on the rich

So, McConnell can say there are no new taxes in "this plan" now, but the end result is that there probably will be.

Responses:

Smart deal....if they don't get the 2nd round of cuts finalized by Dec 31st, those cuts to defense happen. - Will Hunting Jul 31, 08:27 10
- But if they cut defense, Hitler wins. -- nm - Loyola Jul 31, 09:29 1
  - Yep, I worry about Argentina as well. -- nm - Will Hunting Jul 31, 09:32
- This is a good deal. Not great, but certainly not complete capitulation to the GOP, either. -- nm - TWuG Jul 31, 08:53
- Using the smaller committee to decide this will also allow the tea party dopes to not vote for a tax increase on the rich but one still happens -- nm - stewie Jul 31, 08:29 6
  - Yep, this sounds sorta like the debt reduction committee that everyone looked at, laughed and went about their merry way - Will Hunting Jul 31, 08:32 5
    - A committee with real teeth is a great idea. - Strongbad Jul 31, 11:19
    - the other angle is that the automatic cuts/increases if no deal is reached *are* the actual deal - stewie Jul 31, 08:34 3
      - aka the "do your fucking jobs" committee? -- nm - Reagen Jul 31, 09:29
      - Probably true. - Will Hunting Jul 31, 08:41 1
        
        The tell will be whether there are any tea party patriots on the committee - stewie Jul 31, 08:45

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Sounds like there is going to be a mechanism whereby if they don't finalize the debt reduction portion by a certain date there will be automatic cuts

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