- Soanotherroundofspendingcutslooms.So,moretaxincreasesandspendingcutswillbeneeded.Butspendingcutsmustbebalancedwithmorereformstoourtaxcode.Certainlythegovernmentwillbeabletoreverserecentspendingcuts.MrObama’splanproposesonly$577billionofgenuinelynews...
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