U.S. Democrats seek to cut deficit« Thread Started on Mar 24, 2007, 6:02pm » --------------------------------------------------------------------------------U.S. Democrats seek to cut deficitMar 22, 2007, 23:00 GMT read at source> http://news.monstersandcritics.com/busi ... WASHINGTON, DC, United States (UPI) -- The U.S. House and Senate are debating plans to balance the budget after six years of tax cuts and Iraq spending that have added $2.2 trillion to the deficit.The plans, which Democrats say would balance the budget by 2012, include pay-as-you-go rules prohibiting new tax cuts and new spending if they would increase the deficit, The Washington Post reported.