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Politics : President Barack Obama
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To: tejek who wrote (115214)6/12/2012 3:23:54 PM
From: RetiredNow  Read Replies (1) of 149317
 
And here's something else. We have a real life example on how good public finances contribute to employment growth versus how Keynesianism and endless deficits destroy employment growth. Just look at the chart below and compare California, which has run consistent deficits, and Texas, which typically runs a surplus. The proof that fiscal profligacy is deleterious to economic health is not only common sense, but documented for all who have eyes to see.

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