Stealing from future to continue borrowing

posted by
July 5, 2011
Cato Institute
by Jagadeesh Gokhale  
Posted in Commentary

"The talks on a deal to resolve the federal debt limit problem recently ground to a halt, with neither side budging from its position. The negotiations must now be completed by those in the highest pay grades, including President Obama. But he has pledged not to increase taxes on 95 percent of Americans. That makes the withdrawal by Republican lawmakers from Vice President Biden's group a master stroke: Will the president now follow rank-and-file Democrats by insisting on tax increases? Or will he lead them to a different destination by caving to Republican demands?" (07/05/11)  


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