Is it better to reduce deficits by cutting spending or by raising taxes? In his column in Sunday’s New York Times, Paul Krugman complains that President Obama has caved in too much to fiscal conservatives who seek to cut the federal budget deficit more by cutting spending than by raising revenues. The federal debt...
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“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies....
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If the debt ceiling deal works out, Obama will be able to fly back to Chicago and enjoy a Wednesday evening birthday extravaganza. According to the Chicago Tribune, the event will feature “Jennifer Hudson and Herbie Hancock. There’s also a dinner fundraiser planned for some special donors to go with the show at a...
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