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Overnight Open Thread

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sattv4u21/03/2010 7:43:31 am PST

re: #179 Obdicut

As the economy recovers, tax revenues will also go up

But doubling (or more) the debt is a recipe for disaster. Yes, as the economy recovers, tax revenues will also go up but at that point with inflation and the twofold debt it will never catch up
SO ,,, they’ll have to look for higher revenue streams to bridge the shortfall, and the only “revenue stream” the gov;’t has os to raise taxes