$4 trillion no magical cure for debt problem

Published December 14, 2012 8:14pm ET



WASHINGTON (AP) — President Barack Obama has proposed saving more than $4 trillion over the next decade in his “fiscal cliff” talks with Republicans. House Speaker John Boehner has offered a comparable figure, and two years ago an influential bipartisan commission headed by Democrat Erskine Bowles and Republican Alan Simpson suggested $4 trillion as well.

What’s so special about that number?

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