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Archive for January, 2009

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other…..It is between two kinds of deficits- a chronic deficit of inertia, as the unwanted results of inadequate revenues and a restricted economy- or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, produce revenues, and achieve a budget surplus. The first type of deficit is a sign of waste and weakness- the second reflect an investment in the future.”

– John F. Kennedy, 1962

(additional reading… http://www.heritage.org/research/taxes/bg161.cfm )

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