Here is the latest in the negotiation between the President and Speaker. The speaker is now proposing $1 trillion in new revenue over the next decade, with about half coming from raising rates on income above $1 million (his most important concession since the election) and another $1 trillion in entitlement savings, with about one-fifth coming from changing the way the government calculates cost-of-living increases — but no longer any mention of raising the Medicare eligibility age to 67 from 65. He is also signaling a willingness to allow the debt limit to rise for the next year without congressional action if he gets those entitlement savings and the pending across-the-board sequester is replaced with an equivalent amount of pro-active reduction in domestic and military programs. But, so far, the president’s position is that Boehner’s package remains out of balance — the revenue number still too low and the entitlement number still too high. As Senator DeMint stated and also the Speaker, is that revenue is not the problem, Spending is the PROBLEM. The revenue received from last fiscal year was a 11% increase from the year before but spending increased by 18%. Where is the new revenue (taxes) going? To more companies that will come up bankrupt? Once you start raising income tax rates then it continues to go up. The accounting method that congress uses, Baseline Budgeting, should be terminted and Zero Line Budget used. Then we will get the true cuts where we won't if congress continues to use Baseline Budgeting (goggle Baseline Budgeting).