Sounds suspiciously like the "If you give us the tax increases we'll cut spending" crap that was pulled for the last quarter century.
Does ANYONE seriously think deficit reduction will occur with a power hungry Congress making the decisions? They are addicted to taxpayer money or, at least, taxpayer credit. They ain't cuttin' ****.
It's mathmatically impossible to bridge the deficit gap with new revenue, so deficit reduction HAS to be through cuts. What makes you think Washington has the political backbone for that.
WAKE UP PEOPLE!!!
The welfare of humanity is always the alibi of tyrants