So far, officials have given no details on where spending cuts would be made.
Every spending cut is basically a shot in the dark.
But beyond the tax increases are some important spending cuts.
The spending cuts were described only in the most general terms.
But leaders are not looking for more spending cuts or new tax increases.
In fact, Congress has already taken real votes for deep spending cuts.
The spending cuts have put more than a million defense workers out of work.
President Reagan's 1981 tax cut came without significant spending cuts.
"It only makes sense in light of greater spending cuts."
But most of the spending cuts would come much later.