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Republicans Say Spending Cuts Key to Reducing US Deficit

   Michael Bowman | Washington 07 November 2010
   Current   House   Minority   Whip   Eric   Cantor,   left,  and  House
   speaker-in-waiting   John   Boehner   speak  to  the  media  following
   Republican midterm election gains (File Photo)

Photo: AP

   Current   House   Minority   Whip   Eric   Cantor,   left,  and  House
   speaker-in-waiting   John   Boehner   speak  to  the  media  following
   Republican midterm election gains (File Photo)

   Recent midterm U.S. elections saw Republicans win control of the House
   of  Representatives  with  a  promise  to  reduce  the trillion-dollar
   federal  deficit  and  stop  adding to America's $14-trillion national
   debt.  Republicans  have  pledged  to  accomplish  this  feat  through
   spending  cuts alone, saying they will oppose any tax increases on any
   segment of the population.
   This  means,  beginning  in  January,  when the new Congress convenes,
   President  Obama  will  have to deal with a more fiscally conservative
   legislature,  one  that  is  unlikely  to  act  on  his  call to allow
   temporary tax cuts for top earners to expire.
   Virginia  Republican  Congressman  Eric  Cantor  is expected to become
   House Majority Leader next year.
   "I  am  not for raising taxes in a recession, especially when it comes
   to  job-creators  that  we  need so desperately to start creating jobs