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Budget Watchdogs Warn of Worsening Deficit, Explore Strategies to Cut

Read the Transcript: http://to.pbs.org/b4utKz Following on the heels of the bipartisan deficit commission chairmen's recommendation of drastic cuts, former Republican Sen. Pete Domenici and former White House Budget Director Alice Rivlin presented a new take on how to reduce the deficit and warned of a "death spiral" if the debt was not corrected with austerity measures.
Length: 11:34

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