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Congress should support no more earmarks period and across the board spending cuts every department, period. can you do that, yes or no? yes, again, you can do it if you have the political will and now maybe you have the votes for something like that. but i really, again, think that people have this perception that it s a lot of kind of discretionary spending that drives the long-term budget imbalance, and that s really not the case. you really have to do things like get momentum to raise the social security retirement age, that would reassure markets, that would put you on a better trajectory for a longer-term budget fix. it s not really waste and abuse of public funds. jon: peter, i don t know of a family in america that hasn t sat down over the last couple of years and tightened up its pelt in one way or the other belt. why is the government unable to do that? you know, in 2007 before the crisis the government was spending 19.6% of gdp. in 2011, two years after the recession i ....

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