But mislaid in a speak of Washington's dysfunction is this fact: on paper during least, President Obama and Congress have reduced projected deficits by scarcely $4 trillion over a decade — a widely embraced idea for stabilizing a national debt.
The spending cuts that began to take outcome Friday, famous as confiscation and totaling about $1 trillion by 2023, come on tip of $1.5 trillion in reductions that Mr. Obama and Congress committed to in 2011, especially from a settle that averted a nation's initial debt default.
Nearly $700 billion some-more will come from taxation increases on wealthy
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http://www.news.ezonearticle.com/2013/03/02/cuts-to-achieve-goal-for-deficit-but-toll-is-high/
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