Saturday, November 19, 2011

Why doing nothing yields $7.1 trillion in deficit cuts

From E.J. Dionne:

In my column today, I note that because certain things will happen automatically if Congress does nothing, inaction would lead to $7.1 trillion in deficit reduction over the next decade. For that reason, I argue, failure by the supercommittee to reach a deal would not necessarily be a bad thing for those who want a balanced approach to deficit reduction.

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