More and more I am simply convinced that, while the USA does need to get a handle on spending and there is no reason not to roll-back the 25% across the board increase in agency spending pushed through in 2009, the real solution to the current deficit issues to GROWTH.
An interesting article I ran across recently uses IRS data to explore the shrinking number of people filing taxes as "millionaires". Furthermore, those wealthiest among us have seen the greatest decline in their adjusted gross incomes over the last several years. Interesting. Really drives home the point that decrease in the income earned by Americans has dramatic effect on federal revenues.
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