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My original statement was that we need to cut spending and increase taxes. There is no magic formula for balancing the federal budget without pain.Now, you come back with increasing GDP, rather than increasing taxes, as the way to fiscal sanity. OK, now that's a great idea. I still think we need to cut spending, but increasing GDP instead of increasing taxes sounds like a very attractive idea.So, how do we increase GDP? That seems to be the crux of the matter.
My original statement was that we need to cut spending and increase taxes. There is no magic formula for balancing the federal budget without pain.
Now, you come back with increasing GDP, rather than increasing taxes, as the way to fiscal sanity.
OK, now that's a great idea. I still think we need to cut spending, but increasing GDP instead of increasing taxes sounds like a very attractive idea.
So, how do we increase GDP? That seems to be the crux of the matter.
