allows the republicans to get an immediate cut in spending. you match it with six-month extension. so it s a two-stage process. you use the six months to have serious negotiations over the two ways to really reduce the debt, entitlement reform and tax reform. it is a very honest you can argue it on the merits. these are complicated issues. tax reform, everybody agrees on in principle, but it requires closing of loopholes, how do you deal with the mortgage interest rate deduction. it takes time. right. it gives you six months to have a serious negotiation. it s not even that ideological. it s a way of balancing the loopholes and the reduction in rates. so with that six months, you can have structural reform. what the ratings agencies want is a demonstration in some kind of structural reform and entitlements, the drivers of the debilityof thedebt, that americs
krauthammer plan. look, this has been out there, it s so obvious, it allows the republicans to get an immediate cut in spending. you match it with six-month extension. so it s a two-stage process. you use the six months to have serious negotiations over the two ways to really reduce the debt, entitlement reform and tax reform. it is a very honest you can argue it on the merits. these are complicated issues. tax reform, everybody agrees on in principle, but it requires closing of loopholes, how do you deal with the mortgage interest rate deduction. it takes time. right. it gives you six months to have a serious negotiation. it s not even that ideological. it s a way of balancing the loopholes and the reduction in rates. so with that six months, you can have structural reform. what the ratings agencies want is a demonstration in some kind