Danger: Automatic Tax Trigger Ahead

"A diabolical plot is being hatched between Senate Democrats, the White House and three Republican accomplices — Tom Coburn of Oklahoma, Mike Crapo of Idaho, and Saxby Chambliss of Georgia. The concept is to enact an amendment to the debt limit extension specifying certain targets for deficit reduction and then mandating automatic spending cuts AND tax increases to take effect if the goals are not met.

This formula permits backdoor tax increases on which nobody votes and no fingerprints appear. The taxes just happen automatically. The immaculate conception tax increase."