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National Debt / Commission Plan #981211

CBS Evening News for Wednesday, Dec 01, 2010
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(Studio: Katie Couric) The tough choices in containing the national debt introduced; debt statistics cited.

(White House: Chip Reid) The Deficit Commission report on the debt examined; details given from the study's blueprint to cut trillions out of the deficit over 9 years: federal workforce cuts, defense cuts, Social Security, tax rates and tax loopholes. [Commission co-chair Erskine BOWLES†- says there is no easy way out.] The position of the commission members on the plan grouped. [Senator Judd GREGG, WOMAN - offer views.] [Comeback America Initiative CEO David WALKER†- predicts a possible depression.]

Reporter(s):
Couric, Katie;
Reid, Chip
Duration:
00:03:30

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