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News Link • Economy - Economics USA

Exclusive: America has ‘reached the point of no return,’ Reagan budget director warns


Republicans, who were elected to a majority in the House of Representatives on promises to cut government spending, promised to cut $100 billion from the budget in their first year. Relatively few have proposed significant decreases in defense spending, and GOP leadership has outright dismissed the possibility.

Some prominent members of the House GOP caucus have even suggested that figure could actually fall to $30 billion

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