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DOA: Deficit Commission likely to reject chairmen’s plan to reduce national debt; Update: “Unacceptable,” says Pelosi

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Sigh.


We’re not serious. Yet. Leaders of President Barack Obama’s bipartisan deficit commission on Wednesday proposed reducing the annual cost-of-living increases in Social Security, part of a bold plan to control $1 trillion-plus budget deficits… As proposed, the plan by Chairman Erskine Bowles and former Sen. Alan Simpson (R-WY) doesn’t look like it can win support [...]

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