Yes, it will cost an extraordinary amount of money ... and yes, it will obviously increase the deficit significantly in the short term,
This bill takes fiscally responsible steps to reduce the deficit, reduce spending that is on autopilot, and strengthen our economy, ... It is the first deficit reduction package in almost a decade, and probably the most important legislation to be considered this year.
It will mean the deficit goes up probably 150 (billion dollars), maybe even more,
The driving force behind this effort is the federal deficit and the out-of-control spending that is pushing it increasingly higher. This bill takes fiscally responsible steps to reduce the deficit, reduce spending that is on autopilot and strengthen our economy,