COBURN PLAN IS A START

It’s funny how the MSM ignores serious proposals to address our fiscal train wreck. You know this proposal is serious because everyone hates it. Coburn, a Republican, proposes cutting the military by $1 trillion more than Obama. He proposes getting rid of tax looholes for the rich and for corporations. He gradually raises the age for Medicare and Social Security. The more scorn heaped upon his proposal, the more credibility it has in my book.

Where is Obama’s proposal?

The corrupt morons in Congress can’t even agree to make $1 trillion of cuts over ten years. The sad part is that $9 trillion isn’t enough to save us from the coming disaster.

Coburn offers $9 trillion deficit reduction proposal

As debt limit negotiations entered their last two weeks, Sen. Tom Coburn of Oklahoma revealed a budget plan that would cut $9 trillion over ten years. The proposal goes far beyond the ambitious package of $4 trillion that President Obama has had difficulty getting congressional leaders to sign on to.

Over ten years, Coburn’s plan would cut $1 trillion in defense spending, create $2.6 trillion in deficit savings through cuts to Medicare and Medicaid, reform the tax code by closing loopholes, including eliminating ethanol subsidies, to save $1 trillion and overhaul Social Security.

The Social Security provision would, among other things, raise the level of retirement by one month every two years starting in 2022.

Though Coburn acknowledged his plan would face significant hurdles in the House and Senate, he said it contains ideas lawmakers can pick and choose from. It offers a menu of spending cuts and tax reforms that others can incorporate into their own proposals.

But Coburn also added that criticism of the broad proposal is not “legitimate” when given with no counteroffer. (Republican senator takes on the ‘Adult Baby’)

“I have no doubt that both parties will criticize this plan, and I welcome that debate,” the senator said Monday. “But it’s not a legitimate criticism until you have a plan of your own.”

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