June 2, 2011 2:45 AM

Commentary: Deficit reduction requires shared sacrifice

Congress and the White House are now focused on how we deal with our huge deficit - a crisis brought about over the last 10 years by two wars, tax breaks for the rich, the Wall Street bailout and a prescription drug program - all unpaid for. The deficit also increased as a result of the declining tax revenues during a current recession, caused by the greed and illegal behavior of Wall Street.

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