Coburn, Durbin Discuss Bipartisan Deficit Reduction Proposal

Senator Tom Coburn (R-OK), who is “part of a bipartisan effort to address the budget crisis, said real reform is possible if he can find more senators ‘with gonads’,” ABC News reports.

"Send me some senators who have some gonads," Coburn told conservative talk radio host Hugh Hewitt in an interview late Tuesday.

On what he’d like to see in the proposal:

Coburn said its plan would include $800 billion in deficit reduction to be agreed upon this year with a commitment of another $3.3 trillion in cuts over the next 10 years. He said 85 percent of that would come from spending cuts, and 15 percent would come from a tax reform plan that would increase tax revenue.

"If I could get a true down payment of around $800 billion this year, with a mandate that we get another $3.3 billion, and 85 percent of it comes from cuts, 15 percent comes from dynamic effects of rate lowering, what would you say to that?" Coburn asked Hewitt.

Hewitt said: "I’d say amen."

"OK, that’s what we’re trying to work on," said Coburn. "But if I don’t get something that good, I won’t be going for it."

Per POLITICO, Majority Whip Dick Durbin (D-IL) on timing:

Social Security reform and boosting government revenues are among the provisions that could be included in a deficit-reduction package being negotiated by a bipartisan group of senators.

The so-called “Gang of Six” is expected to unveil its proposals after the congressional Easter break, Sen. Dick Durbin (D-Ill.), the Senate’s No. 2 Democrat, told reporters at a breakfast meeting hosted by Bloomberg News.

“If we can pull it off, we are the only bipartisan show in town. I think that means something,” he said.

Leave a comment

Filed under Budget, Interviews, Party Leadership

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s