Two Republican Congressmen Propose A Way To Balance The Budget

Two Republican Congressmen think they've found a way to help balance the budget and restore some Defense spending. And federal employees would foot the bill. The proposed new law would cancel sequestration entirely for the Defense Department and a handful of other security-related agencies in fiscal 2014 and 2015. It would offset that move by requiring federal employees to contribute more of their salary toward their pension. It would trim Medicare payments and agricultural subsidies among other entitlement reforms. Backing the bill are Reps. Jim Bridenstine (R-Okla.) and Doug Lamborn (R-Colo.). They say their bill could reduce deficits by $200 billion over the next 10 years.