House Minority Leader Nancy Pelosi (D., Calif.) expressed fears that if President Obama agreed to more spending cuts as part of a deal to avert the fiscal cliff, the U.S. would become a “second-rate nation” in an interview on CBS’ “This Morning.”

“If you go beyond $1.6 trillion in spending cuts, pretty soon you have a blueprint for a second-rate nation,” Pelosi said. “You have to reduce the deficit for sure.”

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Read More at . By Washington Free Beacon Staff.

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