1. Recent History: In the past 20 years, there have been two deficit-reduction deals. But Congressional Republicans weren't a significant party to either one of them. In 1990, Republican president George H.W. Bush and the Democratic Congress agreed to higher taxes and spending cuts -- a deal that was largely denounced by the then-minority Republicans in Congress. In 1993, Democratic Congress and President Clinton passed another package of spending cuts and tax increases over the united opposition of then-minority Congressional Republicans.
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. . . Mitch McConnell, Senate Minority Leader, and John Boehner, the next Speaker of the House, are veterans of last decade's Republican majority that created the Medicare prescription drug benefit with no payment mechanism, funded wars on an emergency basis, and sharply increased discretionary spending.
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