Reply #36: Maybe you could try reading the NYTimes - I'll even bold pertinent portions for you your highness

[TBF]

http://www.nytimes.com/2011/07/20/us/politics/20fiscal.html?_r=1&ref=global-home

The large attendance — 47 senators, including 23 Republicans — and the positive reactions inside and outside the meeting surprised even the six senators who produced the package. It would make deep spending cuts over time in domestic and military programs, including Medicare and Medicaid, and raise new revenues from closing myriad tax breaks and loopholes, while lowering tax rates across the board – much like last year’s plan from Mr. Obama’s fiscal commission.