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Deficit spending during an economic meltdown isn't a new concept, and virtually every advanced economy in the world does it. Republicans have cried foul about deficit spending and now they want to maintain tax cuts.
Rather than work toward balancing the budget in the long-term during and after recovery, the Democrats will need to do more with less, thanks to the Republicans' need to dream their Reaganomics fantasy.
The stimulus spending is temporary. The tax cuts should be as well. I think the last thing Americans should be doing right now is listening to Republicans.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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