Senate majority leader Harry Reid introduced a proposal today that he says would give Republicans everything they want in a debt ceiling deal: It would reduce the deficit by $2.7 trillion over 10 years, without raising taxes. But the plan was light on details of what gets cut--and when.
How much does the plan cut up front in 2012? Reid isn't sure. "
Reid claims that his budget would cut discretionary spending by $1.2 trillion and mandatory spending by $1 trillion over 10 years. But to successfully beat the charge that his plan is all smoke and mirrors, Reid will need to show that his plan makes some significant cuts up front.