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Now and we ll get to it. these cuts are exactly the kind of ton nick this economy needs to prove to global financial markets america is serious about getting its deficit under control. gregg: the same bipartisan policy center predicts that gdp will actually decline by half a percentage point because of these cuts. could you buy that. no. i worked for ronald reagan and i also worked for newt gingrich when he was speaker and bill clinton was president both those periods, gregg, we cut spending. what happened to the economy? you remember what happened in the mid- 90s. oh, my gosh we can t cut spending it will cause all the problems. after 1994 we had five years of largest increase in economic growth in this country s history at a time we were cutting government spending. there is no historical evidence that cutting spending hurts the economy. i would say just the opposite. gregg: a lot of public companies have contracts with the department defense. that s true. gregg: in fact there is ....

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