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Blame the lawmakers, not the system

May 4 2012 at 9:02 AM
QUITTNER  (no login)

Response to The British Resistance

As I keep repeating, that applies in many countries, it is wrong to have deficits again and again and again, without any surpluses to cancel out some of the past deficits and reduce the total of the debts. Given that politicians dare not raise tax rates, that means that the lawmakers SHOULD BE limited to the amount of spending. The interest rates are subject to change, and are likely to go up and up in the future; many will suffer as a result. You have been warned!

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