Some 60% of this incredible shrinkage will be achieved through tax hikes, and 40% via spending cuts, which together will generate the needed $938 billion in savings. Here is the breakdown:
$331 billion-"bank responsibility fees" designed to address "too big to fail"
$252 billion-expiring Bush tax cuts for couples earning over $250,000 a year
$250 billion-scaling back the wars in Iran and Afghanistan
$105 billion-already announced spending freezes
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