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Nine months before the general election will be about how to encourage economic recovery.
Chief national correspondent Jim Angle reports on the battle over spending or -- President Obama has always lean toward more spending and barely mentioned the need to trim deficits in his state of the union.
-- -- agreed to more than two trillion dollars in cuts and site.
Well we need to do more.
And that means making choices the president who's had three years to try and propose real solutions to fix our fiscal crisis.
Is ducking it the president -- the Simpson Bowles deficit commission which -- for cutting spending by four trillion dollars over ten years eliminating many deductions and lowering tax rates at the same time.
But the president never acted on.
Ryan argues comprehensive tax reform like that is a better approach -- raising taxes the way the president wants to.
Instead of raising taxes on producers and small businesses but we just -- subsidizing the well we get far more -- in the budget without choking off economic growth.
Whatever is done on taxes and Democrats are wary of cutting spending by too much too fast.
When -- in the middle of a recession is very dangerous to stop priming the pump you get out of the atmosphere poll of recession.
Break loose and then let the economy go this.
-- whole stimulus approach -- -- after the president's first effort which cost almost a trillion dollars with interest and failed to reduce unemployment.
Or deliver the shovel ready jobs -- problems.
-- -- -- -- -- -- -- already expect.
For now there is broad agreement on one more stimulus efforts.
The payroll tax relative -- president's call for the house was already passed the the year long.
Extension now awaiting action in the senate the president does intend to cover some future spending by eliminating the bush tax cuts for those making more than 250000.
A year and were poised to spend nearly.
One trillion dollars more on what was supposed to be a temporary tax break.
For the wealthiest 2% of America.
It's all these tax increases of the president is talking about.
They only cover 8%.
Of his first -- spending increases the other 92% of the president's spending increases are borrowed money.
Ultimately the arguments over where the growth -- jobs can be great at faster by tax cuts or by government spending.
An argument that only a presidential election may be able to settle in Washington Jim Angle Fox News.
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