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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. ↗
The world is not going into concentric blocs of power. It is actually going into a diffusion of power with more centres of decision-making than ever in human civilisation. That requires you to place yourself in far more hubs of power than ever before. ↗
