Debt Talks Face Tough Road of Trade-Offs

Townhall.com Staff
|
Posted: Jun 17, 2011 10:25 AM
Debt Talks Face Tough Road of Trade-Offs
Negotiators trying to tame the United States' spiraling debt said on Thursday that they had tentatively agreed on a number of cuts and are now gearing up for tough trade-offs that could lead to trillions of dollars in savings.

"We've gone through a first, serious scrub of each of the categories that make up the total federal budget," Vice President Joe Biden told reporters. "Now we're getting down to the real hard stuff: I'll trade you my bicycle for your golf clubs."

Read more: http://www.foxbusiness.com/industries/2011/06/17/debt-talks-face-tough-road-trade-offs/#ixzz1PXkEVfll