WASHINGTON, Nov 8 (Reuters) - The presumed new chairman of the U.S. House of Representative's budget-writing committee on Wednesday said that he would push to end chronic deficits and balance the federal budget within five years.Rep. John Spratt, the South Carolina Democrat who is expected to head the Budget Committee in next year's Democratically-controlled House, also said that any new spending initiatives his party will seek would not be allowed to add to budget deficits in the near-term.
"We would simply like to go in a measured way toward deficit reduction and a balanced budget within the next five years," Spratt said in a telephone interview with Reuters.
End the myth of "fiscal conservatism." End it now. We balance budgets. They bust them. That is the reality of the last 15 years.
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