Like they say, the "devil's in the details"...

It is not certain that taxes are off the table... Let me explain... Yes, the initial cuts are $1T over 10 years... Those cuts will be divided between Defense and everything else... That's $50B a year for each side and is doable with minor tinkering...

Here's the real crux where taxes may very well come into play... The other $1.5T needs to come from somewhere and a bi-partisan committee (think Gang of 6 here) will tackle and negotiate... The way I understand it, and I have been listening very closely to what people are saying, is that increased revenues are ***NOT*** off the table... The language, if I have it right, says cuts in the "deficit"... If you increase revenues that means taxes can go toward that 2nd $1.5T...

Here's why I think it is possible... The debt ceiling was the one bullet in the Tea Party's gun and once it is passed until 2013 there are no more bullets...

Watch the conversation change once this thing is passed and signed...

B~