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Thursday, April 14, 2011

Obama Unveils Deficit-Cut Outline

“President Obama entered the debate about the national debt on Wednesday after months on the sidelines, offering a plan to trim borrowing by $4 trillion over the next 12 years by combining deep cuts in military and domestic spending with higher taxes on the wealthy…. Obama announced his framework for deficit reduction in a speech that at times employed the highly partisan words he used on the campaign trail. But it included only a few notable, and largely incremental, policy proposals.” (Washington Post)

Short on details, but the plan would raise taxes.

FEE Timely Classic
“Government as Consumer” by Sheldon Richman