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How Important is it to Increase Revenues? July 26, 2011

Posted by geoff in News.
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As our President tries to rewrite both his history and that of his predecessors, it is worth revisiting the fundamental terms of the debt limit debate. It comes down to this: our debt crisis has been magnified greatly during the recession. Have our recent deficits been due more to increased spending or reduced revenues?

Political Calculations has the answer.

It seems pretty clear that the debt limit deal should emphasize budget cutting, especially in this time of painfully slow economic growth.

Comments»

1. daveintexas - July 26, 2011

Spending expanded in parallel with a greater economy and larger receipts.. but it never does contract when that shit goes away, does it?

Ever.

2. Cathy - July 27, 2011

STOP THE SPENDING!!!!!!!

*duh*


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