(We seriously doubt this is going to happen, but...)
According to Erik Wasson at The Hill, a bi-partisan group of Congressmen are secretly working together to strike a 'grand bargain on taxes and entitlements with an eye towards reducing the national debt, or at least ensuring that the national debt stops growing faster than GDP.
The core House group of roughly 10 negotiators is derived from a larger Gang of 100 lawmakers led by Reps. Mike Simpson (R-Idaho) and Heath Shuler (D-N.C.), who urged the debt supercommittee to strike a grand bargain last year. That larger group includes GOP centrists like Rep. Steve LaTourette (R-Ohio), who has said Republicans should abandon their no-new-tax-revenue pledge, as well as Tea Party-backed members like Rep. Cynthia Lummis (R-Wyo.).
The key test in the coming months will be to see whether the core group can get buy-in from many of the 100 members who vaguely support “going big” on the deficit once real cuts and tax increases are identified. The talks are so sensitive that some members involved do not yet want to be identified....
Read more at http://thehill.com/blogs/on-the-money/budget/213971-house-senate-lawmakers-secretly-work-on-bipartisan-deficit-deal
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