Republicans have been unwilling to consider raising new tax revenues to counter the growing budget deficits, while the Democrats have been opposed to cutting popular healthcare and welfare programmes for pensioners and the poor.
Meanwhile, today the Republican-controlled House of Representatives was set to vote on a so-called "cut, cap and balance" resolution.
That would impose severe and immediate spending cuts, cap future government spending at a certain percentage of the national economy, and call for an amendment to the US constitution to require Congress to pass a balanced budget.
Hmm.
Meanwhile, today the Republican-controlled House of Representatives was set to vote on a so-called "cut, cap and balance" resolution.
That would impose severe and immediate spending cuts, cap future government spending at a certain percentage of the national economy, and call for an amendment to the US constitution to require Congress to pass a balanced budget.
Hmm.
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