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I would like to start with a simple equation. Government spending equals government taxes. When government taxes are not enough, then red ink is applied. There is much ado about taxes being too high, unfair etc. but we rarely get excited over government spending. The reason being, is that we are recipients of government spending in one form or another, such as: welfare, housing subsidies, farm subsidies, food stamps, subsidies for colleges and tuition, building stadiums for high priced athletes, and the infamous congressional earmarks and many more. ...more
February 18, 2008
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