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Most of Obama’s proposed deficit reduction has now been enacted

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During the 2012 campaign, President Obama and his allies insisted that, despite Republican rhetoric, he actually did have a plan to grapple with the nation’s debt problem. Released in Sept. 2011 following the debt limit standoff, the proposal (“Living Within Our Means and Investing in the Future“) claimed it would reduce deficits by $4 trillion if implemented. Now, with the “fiscal cliff”...

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