Five things you might not realize would reduce the deficit

FILE - This Feb. 1, 2010, file photo shows the National Debt Clock in New York. The budget President Barack Obama submitted to Congress this month proposes record spending of $3.8 trillion for 2011. Taxes in next year's budget will support only $2.5 trillion of that spending, leaving $1.3 trillion to be borrowed. The Debt Clock is a privately funded estimate of the national debt. (AP Photo/Mark Lennihan, File)


5 things you might not realize would reduce the deficit

Suppose you were a member of Congress and the only thing you wanted to do was reduce the deficit. How would you vote?One place you might turn is the Congressional Budget Office, a nonpartisan think tank run by Congress that determines how much each bill will cost the government.But the answers it gives might surprise you. As it turns out, only looking only at the deficit, while ignoring things like how legislation might affect individual Americans, can lead to some …

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