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Making Sense Of The Gang Of Six Budget Plan

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Tom Coburn, R-Okla., Sen. Dick Durbin, D-Ill., Sen. Saxby Chambliss, R-Ga., Sen. Mark Warner, D-Va., Sen. Kent Conrad, D-N.D., and Sen. Mike Crapo, R-Idaho. (AP)
The so-called "Gang of Six" Senators. (AP)

Political negotiations are on again over the long-term deficit cutting plan offered by the so called Gang of Six Senators.

So what's on the chopping block? We dive into the details of proposed changes to programs like Social Security and Medicare, and proposed cuts to tax benefits like the mortgage interest deduction which is worth $40 billion to the middle class.

Guest:

This segment aired on July 21, 2011.

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