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chronic federal budget deficits. Is that because taxes are too low or because spending is too high?

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published Apr 13, 2018, 7:00:27 AM, by Justin Fox (Bloomberg View) — The U.S. appears to face a future of large, chronic federal budget deficits. Is that because taxes are too low or because spending is too high? In one sense, the question can only be answered with a value

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