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Sen. Lummis Discusses National Debt, Sustainable Budgeting
Wyoming Senator Cynthia Lummis called the Wake Up Wyoming program with Glenn Woods on Tuesday to talk about a plan to curb the mounting national debt.
Lummis told Woods that what is needed is something along the lines of the Simpson-Bowles plan of 2010. That proposal would have capped spending at 21 percent of the National Gross Domestic Product, closed tax loopholes, reduced health care spending, and taken several other steps to balance the budget.
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The plan would have also reduced Social Security Benefits to higher-income people and eventually have raised the age to collect Social Security to 69.