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Any tax cut means revenue must be generated somewhere -- as they say, you don't get something for nothing.

In the U.S., it means added borrowing, higher interest rates (which translates into higher costs for Americans who borrow, and higher returns for foreigners who invest), and increased debt.

In the U.S. the share of the national debt for a family of four is now over $120,000.  A large portion of this debt was generated by give-a-ways to the wealthiest Americans and to corporations.  In return, corporations are shifting more jobs to Asia and elsewhere (but not to Europe, of course).

Is this what Europeans want their governments to do?

by numediaman on Thu Apr 6th, 2006 at 03:30:18 PM EST

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