Debt-Cut Deal May Be ‘Two-Step Process,’ Supercommittee’s Hensarling Says

[xchrom]

http://www.bloomberg.com/news/2011-11-13/debt-cut-deal-may-be-two-step-process-supercommittee-s-hensarling-says.html

The congressional committee charged with devising a plan to cut the U.S. debt may use a “two-step process,” agreeing only on a broad framework for deficit reduction by its Nov. 23 deadline, the top Republican on the panel said.

Representative Jeb Hensarling of Texas, the co-chairman of the bipartisan supercommittee, said panel members might reach an accord on overall numbers for tax revenue increases, leaving it to other congressional panels to work out the details.

“There could be a two-step process that would hopefully give us pro-growth tax reform, Republican Hensarling said on CNN’s “State of the Union” program.

Lawmakers are trying to break a partisan impasse over tax increases in exchange for spending cuts as the supercommittee seeks to cut $1.5 trillion from the budget deficit. The six Democrats and six Republicans on the panel remain hundreds of billions of dollars apart on the on tax revenue issue with 10 days until the deadline.

[Warren Stupidity]

1. Oh the two step tango. It is quite the dance.

First we step into cuts in entitlement programs, that is programs that people already paid into in expectation of benefits, then we pause briefly, then we step away from the rescinding of the unsustainable tax cuts for the wealthiest americans, the Bush tax cuts that got us into this alleged mess, making them permanent.

Step into the 99%, step away from the 1%. Do you hear that music? Step into the 99, step away from the 1. Come on, join the dance!

[xchrom]

2. +1

[mmonk]

3. I wish they would just two step out of the picture.