Progressive leaders representing more than 50 groups participated in a news conference call to oppose a controversial plan to create a “fast track” deficit commission being pushed by Democratic Sen. Kent Conrad, D-N.D. and Republican Sen. Judd Gregg, D-N.H. more »
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The country has a very large debt built up from years and years of borrowing since Reagan. Bush's last budget year had a deficit of $1.4 trillion! This borrowing was caused by:
1) Conservative tax cuts for the rich under Reagan and Bush II that broke the budget.
2) Conservative spending increases, mostly on military. more »
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