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Deficit on the wane
Quote:
Originally posted by Spanky
This was predictable. Like I have said a thousand times, they always underestimate the deficit in bad economic times and overestimate it in good economic times. The best way to raise goverment revenue is through growing the economy. Now if congress could start cutting some fat (and the president grew some cajones and started vetoing appropriation bills) we might get a balanced budget.
http://www.economist.com/agenda/disp..._id=E1_STVJTRP
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This is like hearing a morbidly obese man who goes in for his yearly check-up, finds out he gained only 10 pounds instead of the 20 he was guessing, and says, "That's great -- now if I can only run a marathon or two I might be able to play professional basketball."
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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