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Republican Pa. senator says with the fiscal cliff looming, the focus should be on government spending. The federal government's fiscal cliff is masking the country's true economic threat and looming across-the-board spending cuts are trivial when put in the context of the overall budget, Sen. Pat Toomey told the Greater Lehigh Valley Chamber of Commerce on Monday. Toomey said the magnitude of the $110 billion in mandatory cuts scheduled to begin Jan. 1 is misleading because the budget reductions are spread over 10 years. Meanwhile, the ongoing debate about extending the Bush tax cuts is stealing the focus from unsustainable government spending, Toomey said. Click here to read the article.
Republican Pa. senator says with the fiscal cliff looming, the focus should be on government spending.
The federal government's fiscal cliff is masking the country's true economic threat and looming across-the-board spending cuts are trivial when put in the context of the overall budget, Sen. Pat Toomey told the Greater Lehigh Valley Chamber of Commerce on Monday.
Toomey said the magnitude of the $110 billion in mandatory cuts scheduled to begin Jan. 1 is misleading because the budget reductions are spread over 10 years. Meanwhile, the ongoing debate about extending the Bush tax cuts is stealing the focus from unsustainable government spending, Toomey said.
Click here to read the article.