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Tony Blair and Gordon Brown committed to John Major's spending envelopes in 1997. No-one said that Tony Blair and John Major were identical. This happens quite often that parties actually, despite all the sound and fury, agree on the overall need to make sure that we live within our means as a country. ↗
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. ↗