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Yellen and other economists say U.S. tax cuts are blowing up the budget
Last year's aggressive tax cuts are at the heart of a worsening budget situation that will see deficits surge in the years ahead, according to an op-ed by former Fed Chair Janet Yellen and others. The essay, published in Sunday's Washington Post, rebuts a study from Stanford University's Hoover Institution that blamed entitlement spending for the nation's worsening financial picture. However, Yellen and a team of other economists reject the notion that Social Security, Medicare, Medicaid and veterans' benefits are the prime culprit. Instead, they insist, the main problem is that Congress passed a tax cut bill at ... (full story)
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- Sanguis
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- OnlineAddict
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Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
36,164.0%
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- blastusbooz
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- Aussi
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ITS ABOUT THE CASH NOTHING ELSE.
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- blastusbooz
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