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Constitution Is Only Way to Cut U.S. Deficit: David M. Primo

Even though President Barack Obama and congressional leaders continue to punt on the deficit issue, Washington is awash in budget proposals to deal with a looming fiscal crisis.

Senators Bob Corker, a Tennessee Republican, and Claire McCaskill, a Missouri Democrat, introduced a bill this month that would trim federal spending to 20.6 percent of gross domestic product, from the current 25 percent, over a decade. There is also talk of crafting legislation to enact the recommendations of the president’s deficit commission.