41. And the spending cuts needed to cut the government deficit will mean laying off state workers. 42. And the spending cuts will more than double the tax cuts. 43. And they chided Senate Republicans for trying to waive the Budget Act, which requires lower tax revenues to be offset by spending cuts. 44. And without the spending cuts, the tax reductions could raise the federal budget deficit and possibly interest rates. 45. And the French government, desperate to make spending cuts to bring public deficits down, is targeting defense as one area for cuts. 46. And the spending package for the Departments of Labor, Health and Human Services, and Education has drawn a host of objections from Clinton because of spending cuts. 47. And with a shrinking deficit, the annual budget process, so long focused on partisan fights over spending cuts and tax increases, are undergoing an abrupt twist. 48. And this means the country would not have the money to meet its foreign debt payments, even if it could implement the new round of spending cuts. 49. Another spending cut will be borne by the children, who raise their own mini-herds of show cows to make money for college. 50. Any additional spending cuts would be earmarked for tax cuts. |