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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: Crimson Ghost who wrote (22229)9/10/2007 1:08:16 PM
From: KyrosL  Read Replies (2) of 217588
 
Before Clinton got into office, people were also expecting deficits "as far as the eye could see". It only took a relatively trivial increase in tax rates to eliminate those deficits and create surpluses that were threatening to completely eliminate public debt within a decade -- hence Bush's tax cuts.

The US is the lightest taxed developed country. It can eliminate its deficits, if it so chooses, very quickly.
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