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President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission. ↗
If we can't have the courage to tell our constituents, hey, we've got to cut back, then if we can point to something and say, I would like to vote for more benefits for you, but this balanced budget amendment or statutory spending cap or whatever the device is, is preventing me from doing it. ↗
#back #balanced #balanced budget #balanced budget amendment #benefits