House prepares to vote on $6T spending cut plan - Yahoo! News

House prepares to vote on $6T spending cut plan - Yahoo! News: "expected to be voted on Friday, promises more than $6 trillion in spending cuts over the next decade compared with the budget that President Barack Obama offered in February, relying on stiff cuts to domestic agency accounts, food stamps and the Medicaid health care program for the poor and disabled."

So it would apparently cut about $600B per year of the $1.6T deficit. Cutting the deficit 37% is significant but still leaves us spending more than we have. Most politicians will call that draconian and yet will not offer up an alternative plan that is significant. Don't believe any politician who says he wants to cut the deficit if he doesn't have a significant plan to do so.