Does Congress Have Enough Political Will To Reduce The Debt?
By: Ailsa Chang
February 10, 2014
When the bi-partisan budget deal was announced in December, supporters heralded cuts that would balance spending increases. Among them, a slight reduction to the pensions of working-age military retirees. But a bi-partisan consensus emerged to undo it — calling into the question whether Congress has the political will necessary to make any cuts that reduce the long-term debt.
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