Dancing with the Devil - Gang of Six Plan called McConnel-Reid Plan

No wonder the President said earlier this week good news, we are reaching a compromise. Believe me it is no compromise. The new plan is called the McConnel - Reid Plan and Republicans are cutting a deal with the devil.

Here is some insight into the bill. McConnel - Reid Plan will give the President power to raise the debt ceiling to $2.5 Trillion over the course of the next year without Congressional Majority.

Then it will back load $1.5 Trillion in spending cuts over the next ten years.

A new committee will be created to report a plan to Congress by end of year - a new way to make tax increases.

Washington Post reports "The panel will require only a simple majority to report plan to Congress, be protected from filibuster, and will not be subjected to amendments.

Rep. Allen West " The quote - unquote McConnel-Reid Plan is no plan. That's the acquiescence of the responsibility of our Congress. It's nothing but the typical D.C. two step, and I am not going to be part of it."

Sen Marco Rubio "The way the deal is currently structured right now...it gives the president, the ability to raise the debt limit, but as I have said already on the program, the debt limit's not really the problem. The problem is the debt."

Sen. Jim DeMint "It basically says you can raise the debt limit, but we don't have to vote for it. It's like leaving the jail door open and looking the other way, then saying it's not our fault."

On Tuesday the "Gang of Six" unveiled a 1 Trillion tax increase in the debt plan.

Is it any wonder Obama said good news - Republicans are already giving into the new deal which in reality is a new way to raise taxes.