Senate Dems tackle Debt without cutting Medicare, Medicaid and Social Security.

A counter debt-reduction blueprint by the Senate Democrats has been forwarded on to Obama, in the hopes to create a two sided debate, one from the GOP and one from the rest of us 

Since we already know tax cuts haven't created jobs since extending the Bush tax cuts (why isn't anyone talking about that?), and no one has proposed demanding job creation first before one more tax cut is implemented, the Democrats can finally make their case without smoke and mirrors. From the Washington Post:

WP: Senate Democrats have drafted a sweeping debt-reduction plan that would slice $4 trillion from projected borrowing over the next decade without touching the expensive health and retirement programs targeted by President Obama … through sharp cuts at the Pentagon and other government agencies, as well as $2 trillion in new taxes, primarily on families earning more than $1 million year.

A Senate Democrat familiar with the blueprint; “What’s striking is how modest the changes need to be to get us back on track.”

Senate Budget Committee Chairman Kent Conrad visited the White House; “I explained to the President and Vice President how the Senate Budget Committee Democrats developed a plan that achieves $4 trillion in deficit reduction in a balanced and fair way.” Under the blueprint 

a. the top income tax rate would rise to 39.6 percent for individuals earning more than $500,000 a year and families earning more than $1 million. That group … the nation’s richest 1 percent of households, would also pay a 20 percent rate on capital gains and dividends, rather than the 15 percent rate now.
b. The blueprint proposes targeting offshore tax havens and corporate shelters.
c. It would also scale back the array of tax breaks and deductions known as tax expenditures, perhaps by focusing on the wealthiest households, which claim an average of $205,000 in tax breaks each year on average income of $1.1 million.
d. The blueprint would take nearly $900 billion from the Pentagon over the next decade — the same amount recommended by Obama’s fiscal commission.