"The Buddha taught that we're not actually in control, which is a pretty scary idea. But when you let things be as they are, you will be a much happier, more balanced, compassionate person."

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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.

— William J. Clinton