Democrats on the “Super Committee” have come up with a radical new way to cut the deficit:
According to two congressional sources, the Democratic proposal would get to $1.3 trillion in federal budget savings by hiking revenues to raise half of the money. The plan would cut about $400 billion from Medicare — half through benefits cuts and half through provider savings — and proposes raising another $300 billion through stimulus spending.
Raising money through stimulus spending! Brilliant! I’m a little short this month myself, so I’m going to go out and buy a flat-panel TV.