'President Obama needs to explain that while these cuts will be painful, there is no way to solve our problems without shared sacrifice,' said Christina Romer, Obama's former Chairperson of the council of Economic Advisors.

'President Obama needs to explain that while these cuts will be painful, there is no way to solve our problems without shared sacrifice,' said Christina Romer, Obama's former Chairperson of the council of Economic Advisors.

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