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McCormick warns of fiscal cliff, urges bipartisan fixes to Social Security and mandatory spending
Summary
Rep. Rich McCormick told Roswell residents that mandatory spending on Social Security, Medicare and Medicaid dominates the federal budget and warned of automatic cuts unless bipartisan reforms are enacted.
Rep. Rich McCormick told a Roswell audience the federal budget faces a structural problem driven by mandatory spending on Social Security, Medicare and Medicaid and urged bipartisan adjustments to avoid automatic cuts.
In a series of exchanges about federal deficits and proposed program cuts, McCormick said, "75% of your budget is mandatory spending," and warned of an "automatic 21% cut" in about seven years if changes are not enacted. He described a range of…
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