Tom Harkin lays it down: any balanced fiscal deal MUST include 1-to-1 ratio of cuts to revenue! [View all]

[Report1212]

I was getting sick of Democrats saying 2-to-1 is "balanced." Thank you Tom Harkin!

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As Democrats and Republicans continue to negotiate over the contours of a fiscal deal, many Democrats have propositioned the idea that any agreement should include a ratio of cuts-to-revenue of 2-to-1. This is a model that President Obama chose for his most recent budget request, for example.

But 2-to-1 isn’t balanced. Balanced means at least equal parts cuts and revenue. Progressive Senator Tom Harkin (D-IA) has stepped up to the plate and unveiled a new petition to Obama that not only calls on him to reject damaging cuts to Medicare, Medicaid, and Social Security benefits, but also assure a 1-to-1 ratio of cuts to revenue in any deal:

Read more: http://boldprogressives.org/senator-tom-harkin-says-any-fiscal-deal-must-include-1-to-1-ratio-of-cuts-to-revenue/