This Ends Well

With the White House and the lawmakers promising not to divulge details of the talks, the specifics of an eventual deal were not yet clear. But Mr. Obama has put popular entitlement programs like Medicare and Social Security on the table, while Speaker John A. Boehner has signaled for the first time his openness to up to $1 trillion in new revenues. The money could presumably be raised through closing loopholes but would also probably require changes to the tax code that would have to be worked out later.

via Still ‘Far Apart’ on Debt, 2 Sides Will Seek Broader Cuts – NYTimes.com.

 

Translation: there will be benefit cuts, but no changes will be made to the tax code.

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