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Obama acknowledges 'spending problem,' but won't push debt-reduction proposals

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Breaking with fellow Democrats, President Obama does in fact believe Washington has a "spending problem," his aides insisted Monday. But Obama won't outline any major proposals during his State of the Union address to bring down a soaring $16.5 trillion national debt, they said. On the eve of the key speech, administration officials pointed to previous spending reductions, trying to press...

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