Cutting deficits harder than just talking about it (AP)

[TimesTen]

<p><a href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20111204/ap_on_go_co/us_deficit_difficulties"><img src="http://d.yimg.com/a/p/ap/20111203/capt.d7a3513a87fb455c9593900bf1b5a879-d7a3513a87fb455c9593900bf1b5a879-0.jpg?x=130&y=100&q=85&sig=PDeNFvuHdHoNByXZU3Kldg--" align="left" height="100" width="130" alt="FILE - In this Nov. 1, 2011, file photo Erskine Bowles, co-chair of President Obama's Commission on Fiscal Responsibility, foreground, testifies on Capitol Hill in Washington before the Joint Select Committee on Deficit Reduction (Supercommittee). The coming year-end spending on the table after the failure of three high-profile efforts at big deficit deals shows how hard it is to stem the government's flow of red ink. Lawmakers are poised to renew a Social Security tax cut, and to continue unemployment benefits to people out of work for more than half a year. From left are, Bowles, former Wyoming Sen. Alan Simpson, former White House Budget Director Alice Rivlin, and former Senate Budget Committee Chairman Pete Domenici. (AP Photo/J. Scott Applewhite, File)" border="0" /></a>AP - The coming year-end spending spree after so much debate over budget deficits shows just how hard it is to stem the government's flow of red ink.</p><br clear="all"/>

 

More...