Environmentalists Warn of Natural Debt as Budget Cuts Loom - TIME
Ask any Republican — from the Speaker of the House to a local sheriff — what the biggest problem facing the country is today and you're sure to get the same answer: Debt. Conservatives believe a public debt of $14 trillion and growing is crippling the economy and condemning future generations to penury.
In Wisconsin, new Republican governor Scott Walker says that a $137 million deficit leaves him no choice but to force public unions in the state to accept drastic benefits reductions and curtailed bargaining rights — a stance that has brought tens of thousands of protesters to the streets of Madison. In Congress, the Republican-controlled House has passed a budget that would slash $60 billion in government spending, most of it from discretionary programs. "We're broke," Speaker John Boehner told Meet the Press last week. "It's time to get serious about how we're spending the nation's money."
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