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View Diary: 10 reasons why Uncle Sam needs more tax revenue (28 comments)

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  •  The federal government is not financially (0+ / 0-)

    constrained. The federal government does not need revenues in order to spend. (The government does not even need to issue DEBT in order to spend, but let’s keep things basic here.) Pretending we have a deficit/debt problem makes one a good little Republican. “Hemorrhaged red ink”? “Massive Increase in federal spending”? Scare words. Pete Peterson, is that you?

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