December 22, 2014

Lawmakers Seek $60 Billion Deficit-Cutting Fallback Plan

October 15, 2012
Bloomberg Businessweek

Excerpt

“There is this developing consensus around a down payment and a framework,” said Bob Bixby, head of the Concord Coalition in Washington, which advocates limited spending. The $60 billion figure is “just enough to be taken seriously” by the nation’s creditors, he said. “It’s something to show that you’re in the game, that it’s not just a total can-kick.”