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Wednesday, July 20, 2011

Alternate headline: Senate group offers $1.2 trillion in new taxes

See how the media frames the headline to favor the communist, er, democrats.

This is the same old s*** they do every d*** time. The $3.75 trillion deficit cuts are over 10 years and will never, ever happen BUT the new revenues (translate taxes) will take place immediately and will take 10 years to get rid of!

Senate group offers $3.75 trillion deficit cuts

President Barack Obama (C) conducts a meeting with congressional leadership on deficit reduction in the Cabinet Room of the White House in Washington, July 14, 2011. Pictured with Obama are House Speaker John Boehner (R-OH) (L), and Senate Majority Leader Harry Reid (D-NV). REUTERS/Jason Reed

President Barack Obama (C) conducts a meeting with congressional leadership on deficit reduction in the Cabinet Room of the White House in Washington, July 14, 2011. Pictured with Obama are House Speaker John Boehner (R-OH) (L), and Senate Majority Leader Harry Reid (D-NV).

Credit: Reuters/Jason Reed

By Richard Cowan

WASHINGTON | Tue Jul 19, 2011 2:11pm EDT

WASHINGTON (Reuters) - A bipartisan group of U.S. senators on Tuesday revived an ambitious budget plan that could provide new ideas for breaking the impasse in Congress over raising the nation's credit limit by August 2.

President Barack Obama threw his support behind the proposal by the "Gang of Six" senators, saying it was broadly consistent with his approach on reducing debt and deficits.

Obama urged Senate Majority Leader Harry Reid, a fellow Democrat, and Senate Republican leader Mitch McConnell to start "talking turkey" about it.

Senate Budget Committee Chairman Kent Conrad, one of the six Democratic and Republican senators who have been working since December on a deficit-reduction plan, said the proposed $3.75 trillion in savings over 10 years contains $1.2 trillion in new revenues

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