Deficit Reduction Proposals
House Budget Committee Chairman Leon Panetta, D-CA, and other House Democrats held a news conference to announce the introduction of revised… read more
House Budget Committee Chairman Leon Panetta, D-CA, and other House Democrats held a news conference to announce the introduction of revised budget reduction enforcement legislation. Representative Panetta presented a graph during the news conference which predicted that the new legislation, contrary to current law, would lead to a balanced federal budget by the year 1998 by using annual discretionary spending caps and entitlement targets among other federal spending cuts. close
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