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Think Tanked
Posted at 01:51 PM ET, 07/19/2011

Cato on ‘cut, cap and balance’ the debt ceiling and federal spending

Dan Mitchell and Chris Edwards of the Cato Institute evaluate the “cut, cap and balance” proposal--a Republican plan that would make small cuts to federal spending in the short run, cap federal spending and balance the federal budget using a tax-limited balanced budget amendment to the Constitution.

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