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Mack's 'Penny Plan' could cut trillions from spending
Sep 18th 2012, 04:17

Mack's bill, which has 70 Republican co-sponsors, calls for cutting federal spending by 1 percent each year. It has the potential to balance the federal budget within a decade, quicker even than the widely publicized budget plan proposed by U.S. Rep. Paul Ryan, R-Wis., who is now the GOP vice-presidential nominee....

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