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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 27, 2011
Page
5
The text lists The Players years from 2003 to 2007 with an unclear 200? entry and notes adjustments for inflation. No other context is provided. The fragment reads as a catalog or item line rather than a full article. It lacks identifiable organizations or people to anchor a full summary.
Fiscal responsibility dominates debate as the national debt reaches 15 trillion dollars and deficits project 1.3 trillion next year. Analysts note debt equals GDP for the first time since World War II while candidates propose spending cuts and constitutional measures, with no support for new stimulus.
Gingrich emphasizes past budget surplus and leadership to cut deficits. He notes the 1990s balanced budget plan faced Clinton veto but aided bipartisan reform. Others like Paul Perry Romney and Santorum back a constitutional balanced budget amendment and vow fiscal restraint. Santorum’s stance continues the line.
Justin Holmes of the University of Northern Iowa notes debt worries cycle with economic mood, while European debt strains and a U S rating downgrade sharpen concern. John Solow of the University of Iowa adds long term effects hinge on Medicare Medicaid and Social Security reform.
A list of campaign web addresses for Michele Bachmann Newt Gingrich Ron Paul Rick Perry Mitt Romney Rick Santorum Jon Huntsman and Jon Huntsman highlighting their pages on job creation and economic plans. The notes show each candidate’s site and a path to jobs economy related issues. The items reflect campaign messaging rather than a unified policy statement.
The article outlines candidate deficit plans. Ron Paul leads in some Iowa polls and pledges to cut five Cabinet agencies and $1 trillion in year one. Michele Bachmann Newt Gingrich Rick Perry Mitt Romney appear with varied spending cut proposals and policy stances.
Perry and Romney propose caps tied to gross domestic product to limit federal spending growth. The plan seeks enforceable restraints aiming to align outlays with economic output and reduce long term deficits.
All candidates back repealing the new federal health care law. Bachmann calls repeal a crucial first step to cutting 40 percent of the federal budget.
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