Outline Of The Debt Deal

Via First Read:

1) the Democratic and GOP leaders agreed on the necessity to raise the debt ceiling by Aug. 2;

2) six of the eight congressional leaders in attendance said their preference was to go big in deficit reduction;

3) the two who said their preference was a mid-sized deal were Eric Cantor and Jon Kyl, veterans of the Biden talks where the $2.5 trillion deal was essentially written; and

4) Democrats don’t want significant cuts to come from Medicare and Social Security.

By: Alan

Alan Colmes is the publisher of Liberaland.