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I used to exist in a simple world of right and wrong, positive and negative. I grew out of an ordered world. Everything had its place, before I came along and belonged nowhere.

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William J. Clinton

President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.