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To deal with the US budget crisis, should we raise taxes (including taxes within your own economic class), cut spending (including spending that affects you), both, or neither?
It's obvious we need to do both to get out of this hole. I suppose we could pick one and claw our way out, but might as well put in a sesious effort and do both. Ten years ago, we could have simple cut spending, but what did we do? We cut taxes and excalated spending like never before.
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